– The new ATECO 2025 classification of economic activities will be effective from April 1, 2025, replacing the previous ATECO 2007 classification.
– There are concerns about the impact of the new classification on VAT models.
– There is uncertainty about which ATECO code to use in the VA section of the annual tax return.
– The Agency of Revenue has clarified that both ATECO 2025 and ATECO 2007 codes can be used.
– If using the ATECO 2025 code, a value of 1 must be entered in the “Special Situations” box on the front page of the model.
– Similar issues may arise with the VAT TR model for taxpayers who intend to offset or claim a VAT refund for the first quarter of 2025.
– In the absence of specific instructions, it is likely that the new ATECO table can be used directly for the VAT TR model.
– The ATECO classification is also relevant for identifying businesses eligible for priority VAT refunds.
– Priority refunds are determined by a ministerial decree based on the ATECO code.
– Priority is granted based on a progressive number assigned to businesses in the database of the Agency of Revenue.
– Priority refunds are processed before ordinary refunds.
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.
