|
Post by joita97330 on Feb 11, 2024 3:23:48 GMT -7
A onetime payment of VAT by the farmer this VAT settlement does not require registration with the tax office the issuance of an invoice or the keeping of any records . The valueadded tax on the sale of agricultural products is simply paid by the buyer. Farmers pay VAT under the general conditions Farmers register as VAT taxpayers by submitting a completed VATR form to the tax office. He therefore undertakes to register sales such as issuing invoices adding tax on goods and services sold keeping a VAT sales register and filing VAT returns. At the same time farmers gain the right to deduct input VAT. what farmers pay when purchasing Belarus Email List goods and services based on the invoices they hold which are recorded in the VAT Purchase Register. How is the VAT return calculated W P Total PLN These PLN were collected from the farmer and transferred to the state budget by sellers to the farmer. The third part of the declaration calculates the tax liability i.e. the tax paid PLN is subtracted from the tax due to the budget PLN. The difference is PLN. Neutrality of VAT The idea of VAT is that it is supposed to be neutral for the producer i.e. the producer cannot incur any profits or losses due to the taxation of purchases and sales. It comes down to this if the amount calculated in the third part is positive it is due to the budget if it is negative as in our example the budget returns it to the farmer to his bank account within days or they agree that the farmer will settle it on the next declaration.
|
|