A really significant change is the different construction of the period when the tax can be claimed. Newly, it is not possible to claim a deduction after the end of the second calendar year immediately following the calendar year in which the right to tax deduction arose.
On the other hand, the deadline for correcting the tax base is significantly increased from three to seven years, with the new deadline beginning on the last day of the calendar year in which the obligation to declare tax arose. However, the time limit for correction is left at the level of three years for the received payment.
An equally significant change is the area of tax refunds for so-called bad debts and the obligation to refund tax on outstanding liabilities. The taxpayer is given the possibility (but not the obligation) to correct the tax base and claim back the tax paid on receivables that meet the following conditions:
Conversely, the duty of the taxpayer is to return the value added tax that has been claimed, if the claim has not been paid by the last day of the sixth month immediately following the month in which it became due.
Other changes include:
Not to make the VAT changes too few, we already know that there will be further big changes to real estate from 1 July 2025 and to financial services from 1 January 2026. We'll keep you posted on these topics next time.
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