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From agricultural scheme to VAT taxed
If you are a farmer under the agricultural scheme, you do not have to charge VAT on your supplies and services from the agricultural holding. On the other hand, when the agricultural scheme is applied, you are not entitled to deduct VAT.
Opt for VAT
As a farmer, you can opt for the normal VAT rules to be applied to your company. This can be advantageous when, for example, you have plans for large investments. In the case of entrepreneurship subject to VAT, you may deduct the VAT on the investments.
Do you want to opt for VAT? In that case, you must submit a request to the tax authorities to be included in the VAT levy and you will owe VAT on your sales.
Read more on the acconâ– avm website.
Closing note
As farmers, you can choose to apply the "normal" VAT rules so that you owe and deduct VAT. This can be beneficial if you are planning to make large investments. The specialists of the acconâ– avm VAT group can prepare a VAT revision calculation for you. That gives clarity when making a choice. We are happy to serve you.
You can also download the full article as download pdf file.
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