Čeština
DeutschHere is a brief overview of the most significant changes to these deadlines:
- Application of the right to deduct tax (§ 73):
Now, the deduction will have to be claimed no later than the end of the second calendar year following the year in which the deduction is due (previously three years from the end of the month in which the deduction was due).
This limitation period does not apply to transactions which also give rise to a tax liability (i.e. acquisitions of goods from another Member State or transactions under the reverse charge regime).
- Correction of a deduction already claimed (§ 74):
Correction leading to a reduction of the right to deduct: the time limit is extended until the end of the seventh calendar year following the year in which the supply was made or the consideration received (analogy to the change in the time limit for correction of the tax base).
Correction leading to an increase in the right to deduct: it will only be possible to correct the deduction claimed until the end of the second calendar year following the year in which the correction of the tax base is deemed to have taken place.
- Correction of tax deduction for outstanding debts
Debtors will now be required to repay the tax deduction claimed if their liability is not fully repaid by the end of the sixth calendar month following the month in which it was due. The correction will relate to the proportion of the deduction claimed that is attributable to the outstanding part of the liability. At the time of payment, the deduction will again be available.
This new restriction will not apply to claims for deductions arising before 1 January 2025.
! Make sure you have the correct accounting software set up to monitor any obligation to correct a deduction claim for overdue liabilities.