Starting January 1, 2025, the filing deadline for quarterly VAT returns will be extended from the 20th to the 25th of the month following the end of the quarter. This extension provides businesses with an additional five days to prepare and submit their returns, thereby reducing the risk of errors and penalties.
Upcoming VAT Changes
The VAT changes are set to take effect on January 1, 2024. However, due to necessary technical updates within the VAT administration, the effective date may be postponed but no later than January 1, 2025.
Conclusion
These changes offer greater flexibility for businesses. For more information or assistance with these new rules, contact us today.
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