- 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.