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VAT 2014 – VAT deduction

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Currently, the month of the right to deduct an amount of VAT contained in an invoice or in a custom document arise in the month in which the taxpayer receives such a document.

Beginning from January 2014 according to a general rule it will be the month in which the tax point arose in the relation to bought goods and services.

 

However, there are some exceptions to this rule in case of intracommunity acquisition. In such cases to be able to deduct VAT according with general rule the tax payer must receive an invoice confirming this acquisition within 3 months after the month of supply/completion of the services. Otherwise taxpayer will be obliged to move the deducted amount of VAT to the month in which the invoice has been received.