News article

Problems with applying for a refund of VAT credits from January 2025

The new VAT chain will come into effect in phases starting on 1 January 2025. One of the new measures is that the application for a VAT refund via the VAT return only relates to the credit on that return (schedule 72).

Because a VAT credit can only be refunded if it amounts to at least 50 euros, the tax authorities have provided a new validation rule in Intervat that the application for refund cannot be checked off if nothing or an amount of less than 50 euros is stated in schedule 72.

Until 30 September 2025, however, a transitional arrangement applies whereby the application for a refund of the VAT credit in the VAT return still relates to the full credit on the VAT current account.

However, the tax authorities had already activated the aforementioned validation rule in Intervat, which meant that those subject to VAT could not tick the request for a refund of the credit on their VAT current account if nothing or an amount of less than 50 euros was stated in the 72nd schedule.

The tax authorities have announced that the aforementioned validation rule has now been deactivated. VAT payers who have already submitted their monthly returns for transactions in January 2025 without being able to tick the request for a refund of their VAT credit can either modify their tax return until 20 February 2025 (correcting the VAT return), or make use of the option to request a refund outside of the tax return (by writing to the competent VAT office).

FPS Finance, news item, 18 February 2025