Tuesday, 19 November 2024
9:00 - 9:30
Online | ZOOM
In 2025, we are expecting a major VAT amendment. The main part will be effective from 1 January 2025, the part concerning real estate will come into effect on 1 July 2025. A half-an-hour QuickStop event with our member EKP Advisory provided a quick summary of the most important changes.
Contents
- Change in the criteria for changing VAT payment when turnover is exceeded – second day vs. the beginning of the next year.
- Shortening the deadline for claiming the deduction – two years instead of the current three.
- Delivery of unpaid obligations.
- Taxation of the first delivery of immovable property (after a substantial change).
- A precise definition of a substantial change.
- Change in the definition of building land.
- Abolition of the concept of self-created property.