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Update on VAT Rectification: BOFiP Clarifies Supplier’s Adjustment Deadlines for Incorrectly Invoiced VAT

  • Update of the BOFiP clarifies deadlines for VAT regularization for suppliers
  • Aimed at providing legal certainty for companies in case of VAT billing errors
  • New rule on regularization deadline for suppliers introduced
  • Supplier can rectify erroneous invoices until December 31 of the 2nd year following the event
  • Alignment of deadlines between supplier and client for better predictability
  • Limit for spontaneous regularization set at 2 years
  • Example provided to illustrate the impact of the update
  • Update enhances security for companies in VAT error rectification
  • Emphasis on being vigilant with spontaneous regularization and adhering to prescribed deadlines

Source: ayming.fr

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.

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