It is a voluntary VAT
arrangement applicable to resellers, characterized by the form of calculation of
the tax base.
It admits two modalities of tax base calculation: operation by operation
and by global margin.
OPERATION BY OPERATION
In this case, taxpayers can
choose, in each operation, between the special regime or the general one.
If they choose the special regime, they calculate the tax base as follows:
GLOBAL MARGIN
If the taxpayer opts for this modality,
the tax base is calculated through an inventory, as follows:
If
the result is negative, the difference is added to the purchases oft he last period; if the result is positive, it is
added to the sales of the last
period.
Invoices
documenting this kind of deliveries cannot separate the VAT quota, for this is
NOT DEDUCTIBLE for the client. If the delivery is destinated to another EU country,
the invoice must state that the operation has been taxed in accordance to
articles 312 to 315 of the Directive 2006/112/EU.
For further information: http://www.fernandezbaladron.com
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