Taxpayers who have submitted their 2019 VAT return, or who will submit it by the deadline set for 30 April 2019, have the option of horizontally offsetting VAT credits in excess of €5,000 accrued during the 2018 tax period, starting from the tenth day following the day on which the return is submitted. The amount to be compensated may exceed €5,000, only in the case of a VAT return certified by a qualified professional or signed by the auditing body.
We remind you that the overall limit of €700,000 for horizontal offsets of tax credits operates for each calendar year (and not by declarative model). It therefore represents the maximum limit of tax credits and contributions that can be offset or refunded to the holders of the tax account in a calendar year.
