Oct 19, 2019 09:16
4 yrs ago
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Macedonian term

Искажување на ДДВ

Macedonian to English Bus/Financial Law: Taxation & Customs
Искажување на ДДВ - VAT included doesn't suit here? Than what?
Proposed translations (English)
4 +1 Declaring VAT

Discussion

Vere Barzilai Oct 20, 2019:
VAT value added tax
The gross price is composed of the net price plus value added tax.

Proposed translations

+1
1 day 23 hrs
Selected

Declaring VAT

A VAT return, or VAT declaration, is a document in which a taxpayer summarises its operations for a given period (month, quarter or year) to inform the tax administration of how much VAT he/ she has to pay or how much VAT he/ she should be reimbursed for that period.

For more details about VAT declaration, see https://ec.europa.eu/taxation_customs/business/vat/eu-vat-ru...
Example sentence:

The applicant company was registered as a taxpayer for VAT purposes and timely and fully completed all VAT obligations (declaring VAT in all issued invoices, fulfilling VAT returns and requesting VAT deductions according the tax credit method).

If an entity has been running a business for a time without being VAT registered and declaring VAT, and then later applies for registration, it is unlikely that the applicant would inform the tax administration about this in the VAT registration form.

Peer comment(s):

agree Sofija Krncheska
11 hrs
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4 KudoZ points awarded for this answer. Comment: "Фала!"
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