Article 25

The following deductions may be made from payment requests which shall then be passed for payment of the net amount: penalties imposed on parties to procurement contracts or beneficiaries; discounts, refunds and rebates on individual invoices and cost statements; adjustments for amounts unduly paid. The adjustments referred to in point (c) of the first subparagraph may be made, by means of direct deduction, against a new interim payment or payment of a balance to the same payee under the chapter, article and financial year in respect of which the excess payment was made. Union accounting rules shall apply to the deductions referred to in points (c) of the first subparagraph. The cost of products or services provided to the Union body incorporating taxes refunded by the Member States pursuant to the Protocol on the Privileges and Immunities of the European Union shall be charged to the budget of the Union body for the ex-tax amount provided that it applies to the Union body. The cost of products or services provided to the Union body incorporating taxes refunded by third countries on the basis of relevant agreements may be charged to the budget of the Union body for any of the following: the ex-tax amount; the tax-inclusive amount. In such case, subsequently reimbursed taxes shall be treated as internal assigned revenue. Any national taxes temporarily borne by the Union body under paragraphs 2 and 3 shall be entered in a suspense account until they are refunded by the State concerned. Any negative budget result shall be entered in the budget of the Union body as expenditure. Adjustments may be made in respect of exchange differences occurring in the implementation of the budget of the Union body. The final gain or loss shall be included in the budget result for the year.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-01 · Text as adopted (Official Journal); later amendments are not incorporated in this text.