- Implementation of New VAT Legislation: As of January 1, 2025, new VAT legislation has been implemented, introducing revised deadlines for filing quarterly VAT returns and special returns (form 629), which can now be submitted and paid until January 27, 2025.
- Technical Issues with Payment Processing: Due to a technical issue, the FPS Finance was unable to properly account for VAT payments made between January 24 and January 27, 2025, leading to incorrect late payment interest charges for those transactions.
- Correction and Recalibration Process: The FPS Finance has initiated a correction process to address the issue, automatically canceling interest for full payments made by January 27, 2025, and recalculating interest for partial payments. Taxpayers who paid the incorrectly charged interest will have the credited amount offset against their next tax return, with no action required on their part.
Source: VATconsult
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