Supplies of goods: VAT payable on receipt of advance payments on 1 January 2023
Publié le 21 novembre 2022 - Directorate for Legal and Administrative Information (Prime Minister)
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Under the 2022 budget law, VAT is now payable as soon as payments on account are received for the supply of goods. This obligation will apply from 1er January 2023.
For transactions involving the payment of an advance payment, VAT on supplies of goods will no longer be chargeable at the time of supply of the goods. This is contrary to EU law.
Thus, at 1er January 2023, in the case of a prior payment of a prepayment, VAT on supplies of goods will be payable as soon as the supplier has received the prepayment. This provision shall apply to payments on account received as from 1er January 2023.
This change allows the company purchasing a good to deduct VAT earlier on its purchase.
Please note
Where no advance payment is made, VAT on supplies of goods will remain chargeable at the time of supply of the goods.
