The last VAT return of the year involves corrections and points of interest, such as processing supplementary sales tax returns for 2018 by December 31, 2023. VAT adjustments for private use and pro-rated general costs must also be included. Additionally, there are changes to VAT and transfer tax effective from January 1, 2024. Other important aspects include reclaiming foreign VAT and the globalization scheme for determining profit margins.
Source Deloitte
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