If the company's operations start or end in the middle of the year, how do I calculate the information for VAT relief?

The company's operations started in the middle of the calendar year and its first accounting period in accordance with the Accounting Act is 1 September 2023–31 December 2024. Because the company’s tax period is a quarter, when the VAT relief is calculated, the accounting period is considered to be a calendar year, i.e. the number of months stands for the entire calendar year.

Report the information for VAT relief for the period 1 September 2023–31 December 2023 on the VAT return for the last quarter of calendar year 2023 (October–December 2023).
In the VAT relief calculator, enter 4 to indicate the length of the accounting period in months. The calculator adjusts the net sales of the accounting period to correspond to the net sales of a 12-month accounting period.

Report the information for VAT relief for the period 1 January 2024–31 December 2024 on the VAT return for the last quarter of calendar year 2024 (October–December 2024). In the VAT relief calculator, enter 12 to indicate the number of months in the calendar year.

If the company ends its operations in the middle of the calendar year, report the information for VAT relief on the VAT return submitted for the last tax period when the company operated. Read more: Termination of VAT liable activities