The right to deduct arises when the deductible amounts are accrued, provided that the supporting document for the transaction is available. Deductions must be made based on the foreseeable destination of the goods and services acquired, without prejudice to their subsequent rectification if the destination were altered.
The settlement of VAT on an accrual basis gives rise to the problem of having to pay a tax that, sometimes, has not yet been collected or may not even be collected.
However, the legislation usa whatsapp number data provides for the possibility of recovering VAT from unpaid invoices in order to minimise the damage that this situation represents for self-employed workers and companies.
Conditions for recovering VAT from unpaid invoices
In order to recover VAT, invoices pending payment must meet the requirements imposed by the Tax Agency to be considered uncollectible.
A loan is classified as uncollectible when it meets the following conditions:
One year has passed since the invoice was issued without all or part of the invoice having been collected. If the company that issued the invoice had not obtained a turnover of more than 6,010,121.04 euros in the immediately preceding calendar year, the period will be 6 months . In the case of installment transactions, the calculation will be made based on the expiration of each of the unpaid installments.
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