|
Post by joita9865 on Oct 25, 2023 10:45:18 GMT
Example The entrepreneur conducts mixed sales in VAT - taxable and exempt. The initial VAT proportion was %. If the final proportion is: % - the entrepreneur will not have to make an annual VAT adjustment without any additional condition, % - the entrepreneur will not have to make an annual VAT correction, as long as the correction amount does not exceed PLN , . Attention! Giving up the right to make an annual VAT correction is a privilege and not an obligation of the entrepreneur Determining additional tax liability. Entrepreneurs who do not comply with the provisions of the VAT Act will be exposed to additional tax sanctions, which are philippines photo editor very severe. So far, regulations in this area have been very restrictive. However, this changed slightly after the introduction of the SLIM VAT package. So let s see what the amendment to the regulations is. Determining additional VAT liability Until June , From June , Sanctions were imposed at fixed rates: %, % and % regardless of the circumstances After the change, the head of the tax office will take into account. The circumstances of the irregularity, the type and degree of violation of the entrepreneur s obligation that resulted in the irregularity type, degree and frequency of irregularities identified so far regarding non-expired tax liabilities, the amount of identified irregularities, including the amount of understatement of tax liabilit.
|
|