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Advance payment – how to settle in VAT?

18 February 2023
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1 min read
1. Advance payment – when are we dealing with it?

1.1. The advance payment must relate to a specific good/service
2. Does the payment have to be called an advance?
3. Advance payment and tax obligation in VAT

3.1. When does the advance payment not give rise to a tax obligation?

3.1.1. Media and others
3.1.2. WDT/WNT
3.1.3. Import of goods
3.1.4. Deliveries facilitated through the use of an electronic interface
3.2. Examples when an advance payment gives rise to a tax obligation

3.2.1. Service import
3.2.2. Export of goods
3.2.3. Domestic services for which billing periods have been adopted
4. Advance invoice

4.1. Can I issue an advance invoice for activities not covered by this obligation?
5. Deadline for issuing an advance invoice
6. What elements should an advance invoice contain?

6.1. Order or contract data
7. Advance payment in a foreign currency
Source Zrozumvat

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