Bad Debts for JPK_V7

1. In the event of failure to settle the amount due arising from an invoice documenting the supply of goods or provision of services within the territory of the country within 90 days from the date of expiry of the payment deadline specified in the contract or invoice, the debtor is obliged to correct the deducted tax amount resulting from this invoice in the settlement for the period , on which the 90th day has passed since the payment deadline specified in the contract or invoice.

1a. The provisions of section 1 shall not apply if the debtor settled the debt no later than on the last day of the settlement period in which the 90th day from the date of expiry of the payment deadline for this debt has expired.

1b. (repealed).

2. In the event of partial settlement of the receivable within 90 days from the expiry of the payment deadline specified in the contract or invoice, the correction applies to the input tax relating to the unpaid part of the receivable. The provision of section 1a shall apply accordingly.

3. (repealed).

4. In the event of settlement of the amount due after making the correction referred to in section 1, the taxpayer has the right to increase the amount of input tax in the settlement for the period in which the amount due was settled by the amount of tax referred to in section 1. In the event of partial settlement of the amount due, the input tax may be increased in relation to this part.

5. (repealed).

6. (repealed).