Reclaiming your VAT credit: changes from 2025

The Law to modernize the VAT chain (Law of 12.03.2023, BS 23.03.2023) also causes the refund procedure for a quarterly principal to change. What exactly is the situation?

Procedure refund of a VAT credit until 31.12.2024?

The general principle applies here: the VAT credit is carried forward to the next tax period (Art. 8/1, §1 RD No. 4). If you want your VAT credit back, you must explicitly request it from the VAT, by checking the box “Request for refund” in your quarterly VAT return.

What VAT credit will you get back?

If the conditions are met, you will be refunded the entire outstanding VAT credit, i.e., not only the credit as shown in the submitted return, but also the credit still outstanding in the VAT current account.

What conditions must be met?

Your VAT return showing your VAT credit must have been filed on time. In addition, all previous VAT returns must also have been filed on the filing date of the VAT return showing the VAT credit and, finally, your credit as a quarterly principal must be at least €400.00 (€50.00 at the end of the year).

Change 1 from 2025: only VAT credit of period itself!

From 2025, your refund request can only relate to the VAT credit of the return in question. An accumulation of any previous balances will no longer be refunded. The accumulated surpluses in your VAT current account (which will be called commission account from then on) must be claimed back separately via the MyMinfin portal.

Change 2: A refund under different conditions.

A quarterly credit will only be refunded to you when:

(1) all returns for the last six months have been filed on time; and

(2) the refund is at least €50.00.

If these conditions are met, you will get your VAT credit back within a maximum period of three months after the return period of the declaration in which a refund was requested (Law of 12.03.2023, BS 23.03.2023).