- TEAC resolutions regarding VAT
- Excess VAT deduction can be compensated in future periods or refunded
- VAT regulations allow for either compensation or refund of excess VAT, but once a choice is made, it cannot be changed outside of the regulatory deadline for declaration.
Source: audiconsultores-etlglobal.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
