Regarding the simplification of procedures related to reducing previously over-reported tax amounts as a result of transaction adjustments

Currently, turnover tax payers are required, in the case of a transaction adjustment, to submit a revised report for the period in which the original (adjusted) transaction occurred. Considering the methodology for calculating turnover tax, which takes into account the value of acquired goods, adjustments often result in transferable amounts, requiring the correction of reports for subsequent reporting periods as well. This creates unnecessary administrative burden, particularly in cases where the adjustment leads to a reduction in tax liability, meaning that the state budget does not lose anything.

It is proposed to allow the results of adjusted transactions to be reflected in the current reporting period’s tax return if the adjustment leads to a reduction in tax liability.