In which cases do I have to rectify my deducted input VAT?
When you can or must rectify the VAT deducted on your return
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I receive a corrective invoice from my supplier for:
- Return of containers and packaging.
- Discounts and rebates.
- Termination of operations, return or loss of goods (including reinstatement in bankruptcy).
- Non-payment of operations due to insolvency proceedings.
- Other defaults (non-collectable debts).
- Alteration of prices (rectification will be mandatory when it involves a reduction).
- Errors (rectification will be mandatory in the case of a reduction).
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I incorrectly calculated the amount of the deduction (rectification will be mandatory in the case of a reduction)
If you want more information on this topic, you can consult our Virtual Assistant and use the deadline calculator for modification of the tax base and other rectifications to determine the period and year of model 303 in which to make the adjustment, as well as as the deadline to do it.