- The VAT advance payment deadline is December 27, 2024
- Danilo Sciuto and Simone Di Febo published an article on December 10, 2024, discussing the annual VAT declaration and periodic VAT settlements
- The article provides a guide to the VAT advance payment for 2024, describing it as a standardized procedure with some complex cases
- Entities required to make the payment include monthly and quarterly VAT payers, both by nature and by choice
- Exemptions from the payment apply to those with a debt under 103.29 euros, those with a credit calculation base, businesses that ceased operations before specific dates in 2024, and those under minimal or flat-rate regimes, or those who started activities in 2024, or only perform exempt, non-taxable, split payment, or reverse charge transactions
- The amount due can be calculated using the most favorable among three methods historical, predictive, and analytical
- Special cases include separate activities where payment is cumulative, companies under split payment, cash-based VAT, and extraordinary operations like transformations, mergers, and partial splits which influence the advance payment requirements
Source: commercialistatelematico.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.
