- Farmers who switch from the special VAT regime to the ordinary regime in 2025 can claim a VAT credit in their first VAT return.
- The credit applies to those who switch from the special regime to the ordinary regime or vice versa.
- The first VAT return is due on February 17, 2025.
- The VAT return is considered a conclusive act for opting into the ordinary VAT regime.
- Farmers who opt for the ordinary regime calculate deductible VAT according to the rules of Articles 19 and following of the Presidential Decree.
Source: eutekne.info
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.
