With the contract to understand the failure to submit an annual VAT correction. Example The entrepreneur conducts mixe 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 With the contract 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 expose to additional tax sanctions, which are 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 philippines photo editor 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 resulte in the irregularity type, degree and frequency of irregularities.
Identifie so far regarding non
Expire tax liabilities, the amount of identified irregularities, including the amount of understatement of tax liability, the amount of overstatement of tax difference refund, input tax refund or tax difference to reduce the tax due for the next settlement periods, actions taken Book Your List by the entrepreneur after detecting the irregularity in order to remove the effects of the irregularity. An additional obligation will be impose in the amount of up to %, % or % and in some cases the authority will be able to refrain from imposing sanctions. Irregularities resulting from intentional action.
