Previous rules for M forms in VAT returns to remain in force

Consistent with the Ministry of Finance’s earlier announcement a bill has been submitted to Parliament that would formally withdraw the planned tightening of VAT data reporting obligations in respect of incoming invoices (M-sheets). Bill No. T/387, submitted in connection with the implementation of the Recovery and Resilience Plan, amends the Act on Value Added Tax and thereby removes the additional administrative burden that had been expected from July onwards.

Although an earlier statutory provision would have tightened the data reporting obligations relating to the receipt of invoices with effect from 1 July 2026, the bill as tabled would override that provision By inserting a new Section 380 into the VAT Act and amending Annex 10 thereto the bill would expressly provide that the data reporting obligation in respect of incoming invoices may continue to be fulfilled, after 1 July 2026, in accordance with the rules in force on 30 June 2026. This favourable arrangement may already be applied in respect of VAT returns covering any tax assessment period that includes 1 July 2026.

As a result of the amendment, businesses will not be required to implement any IT or administrative transition in this area. In VAT return periods that include 1 July 2026, and in subsequent periods, M-sheet data reporting will continue to be performed in accordance with the well-established previous practice.

Should you have any questions regarding the above, please feel free to contact our expert colleague.