Post by account_disabled on Nov 7, 2023 14:42:59 GMT 8
If an entrepreneur using the cash method exceeds the limit of EUR , , but does not exceed EUR , , in June , he will not lose the right to use the cash method. Settlement of WNT transactions without an invoice Settlement of intra Community transactions may sometimes be problematic. Until now, this was the case with the right to deduct input VAT in cases where the entrepreneur did not receive an invoice within months from the end of the month in which the tax obligation arose in relation to the purchased goods. In such cases, the entrepreneur had to reduce the tax charged at the end of this period, but fortunately this provision was repealed. Settlement of WNT transactions Until June.
From / / Obligation to have an invoice to settle input VAT Abolition of the obligation to have an invoice. After philippines photo editor the changes, the condition for deducting VAT charged on WNT is to show the tax due in the settlement period in which the tax obligation in this respect arose. Example – settlement after changing the regulation In May , goods were delivered from a contractor from Germany, but the entrepreneur did not receive an invoice. Therefore, by June , , it recognized the tax liability arising from the WNT transaction it settled the VAT due and charged on this transaction.
Even if the entrepreneur does not receive an invoice by the end of September, he will not be obliged to correct the VAT charged on this transaction. Example – settlement before changing the regulation Under the assumptions from example , if by the end of September the entrepreneur did not have an invoice documenting the intra community tax, he would have to reduce the input VAT for September. If, for example, the invoice arrived in October with the issue date of May.
From / / Obligation to have an invoice to settle input VAT Abolition of the obligation to have an invoice. After philippines photo editor the changes, the condition for deducting VAT charged on WNT is to show the tax due in the settlement period in which the tax obligation in this respect arose. Example – settlement after changing the regulation In May , goods were delivered from a contractor from Germany, but the entrepreneur did not receive an invoice. Therefore, by June , , it recognized the tax liability arising from the WNT transaction it settled the VAT due and charged on this transaction.
Even if the entrepreneur does not receive an invoice by the end of September, he will not be obliged to correct the VAT charged on this transaction. Example – settlement before changing the regulation Under the assumptions from example , if by the end of September the entrepreneur did not have an invoice documenting the intra community tax, he would have to reduce the input VAT for September. If, for example, the invoice arrived in October with the issue date of May.