TP adjustments without VAT
Novelization of income tax laws, which came into the force from 2019 (with possibility of usage of some paragraphs to transactions in 2018) introduced TP adjustments rules. However, the influence of such adjustments on VAT was not mentioned.
In various tax rulings Director National Tax Information Centre confirms, that TP adjustments are not transactions and consequently taxpayers are not obligated to make adjustments in VAT declaration, do corrections of invoices or issue new ones.
The method of calculation or reason of TP adjustment is irrelevant. It can be based on correction of financial indicators or adjustments of prices to market value in the end of tax year.