- VAT credit for the first quarter must be claimed by April 30
- Taxpayers must submit the TR form to request a refund or use the credit for horizontal compensation in F24
- Depending on the credit amount, a compliance certificate or legal audit signature may be required
- For refunds, a financial guarantee may be needed, such as a state bond or bank guarantee
- Horizontal compensation is allowed without compliance certificate if credit is 5000 euros or less annually
- Compliance certificate is required if credit exceeds 5000 euros annually
- Different thresholds apply for refund requests
- Refunds up to 30000 euros can be requested with just the TR form
- Above 30000 euros, a compliance certificate and a declaration of certain conditions are needed
- Financial guarantee is required under specific risk conditions
- Certain entities are exempt from providing a guarantee
- Higher limits for compliance certificate apply to those with specific ISA scores or who joined the biennial preventive agreement
- Recent updates to the TR form and instructions for those in the preventive agreement
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.
