In application of a law adopted in June 2023, all VAT-registered companies must state once a year, in connection with a VAT return, whether the company has, in addition to its VAT-liable activities, had VAT-exempt activities. Effective 1 June 2024 the VAT return form changes and additional boxes were added so provisional pro-rata estimate on monthly or quarterly basis are indicated so the taxpayers can specify: Have they carried out VAT-exempt activities; Deductible percentage; and Financial Year End Date. The new form version is applicable for reporting periods including June 2024 – i.e. the Monthly VAT return for June 2024 and the Quarterly VAT Return for the period April – June 2024. The first due dates for filing are: 19 August 2024 for June monthly return; and 2 September 2024 for Q2 2024.
Source Taxbackinternational
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