- The deadline for paying the VAT advance for the last month or quarter of 2023 is December 27, 2023.
- The methods for determining the VAT advance are based on historical data, forecast data, and early settlement by December 20, 2023.
- The choice of the most suitable calculation method depends on the taxpayer’s situation.
- The VAT advance must be paid if it is equal to or greater than 103.29 euros, without the possibility of installment payments.
- Certain taxpayers are exempt from paying the VAT advance, such as those who started or will cease their business in 2023, those with VAT credits, and those under specific tax regimes.
- The VAT advance can be calculated using the historical method, the forecast method, or the early settlement method.
- The historical method calculates the advance based on 88% of the VAT debt from the last liquidation of 2022.
- The forecast method calculates the advance as 88% of the estimated VAT to be paid in the last period of 2023.
- The early settlement method considers the operations from December 1 to December 20, 2023, and the advance is 100% of the VAT debt from these operations.
- The calculation methods may vary for monthly and quarterly taxpayers.
Source: ipsoa.it
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.
