The beginning of the calendar year is one of the most important periods for VAT taxpayers. It is during the first months that it becomes clear whether VAT records are maintained correctly and whether tax obligations are fulfilled in compliance with legislation. Errors made at the start of the year often continue throughout the reporting period and are more difficult to correct later.
Special attention must be paid to the proper recording of issued and received invoices, accruals, and the timely submission of VAT returns.
🔍 Key highlights:
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correct recording of issued and received invoices from January onwards,
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review of VAT treatment of supplies and services,
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special attention to cross-border transactions and reverse-charge rules,
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timely submission of VAT returns via the eDavki system,
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reconciliation of VAT records with the general ledger.
Incorrect VAT records may result in inaccurate VAT returns, corrections, or additional requests from the tax authority.
👉 If you want your VAT records to be accurate and compliant from the beginning of the year, K2A Accounting Ljubljana provides professional support and reliable tax advice.