Today, a large number of states, taking care of their citizens, introduce a number of taxes. One of these is VAT, which stands for value added tax. In short, the essence of this tax is the indirect withdrawal of part of the cost of a certain product to the state budget.
This tax, when used rationally, can provide tremendous support and assistance to the state. But, provided that some principles are observed. So, in a country where there is a large percentage of corruption, VAT is more a means of impoverishing citizens than a full tax. , is essentially a copy of the previous one. In principle, this tax involves the deduction of a certain percentage of the finite (retail) value of the goods. But, in fact, not everything is so simple and smooth. The fact is that the tax is essentially indirect, because the seller has the right to deduct the percentage of tax that he paid. That is why, all the burden falls on the fragile shoulders of an already unhappy consumer.
It is worth noting that the following individuals and legal entities are VAT payers:
- Directly to the organization to be listed below.
- Municipal enterprises that carry out financial and industrial activities, as well as various kinds of companies (regardless of the standard of ownership).
- Also, enterprises that are directly financed by foreign investors.
- Enterprises that are created by private individuals (otherwise referred to as family) and engaged in industrial or financial activities.
- Branches that independently finance, and also have settlement accounts. They can be equated to a full-fledged taxpayer.
- Interstate companies and associations that carry out commercial activities.
- Private entrepreneurs.
- Non-profit organizations that implement financial activities.
At the moment, all of the above criteria are required to pay value added tax. In case of neglect or deliberate deviation from payment, administrative or criminal liability is provided .. Of course, there are circumstances in which the company cannot carry out the introduction or deduction of this tax. In such cases, the law provides for preferential terms, up to the return of value added tax. For advice, contact the competent authorities.