- New coefficients for shell companies will be applied from the tax period following the one in progress on December 31, 2023.
- Companies with a fiscal year from May 1 to April 30 will apply the new coefficients for the first time in relation to the fiscal year ending April 30, 2025.
- If a company is considered a shell company, the VAT limitations will be applied to the credit resulting from the declaration for the previous year.
- For example, if a company with a fiscal year from May 1 to April 30 is considered a shell company in relation to the fiscal year ending April 30, 2024, the VAT limitations will be applied to the credit resulting from the declaration for 2023.
- For companies with a fiscal year ending June 30, a calculation should be made based on the number of days, which would result in the majority of the fiscal year falling within the year that includes the second semester.
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.
