Post by joita97022 on Jan 8, 2024 15:48:34 GMT 5.5
The structure of tax regulations and frequent changes in position on various topics are difficult to master. The general rule is that an entrepreneur should not deduct VAT too early and on the other hand charge VAT on sales too late. In the case of invoices however this is not always so obvious. Today we will deal with negative invoice corrections in foreign transactions.
Negative adjustment in foreign transactions The issues in question concern foreign transactions such as WNT WDT export of goods import and export of services. The reasons for making declaration corrections can be divided into categories Root cause. Secondary cause. Referring Phone Number List to such terminology it should be noted that the circumstances determining the primary cause must as a rule be known at the time of issuing the original invoice.
There cannot be situations in which the tax base is deliberately lowered in order to postpone the settlement of tax liabilities. Such common situations include an error in the price or quantity of the product. The secondary cause will only be known when the correction invoice is issued. Classic cases include returning goods and providing a postsale discount. When should in the records.
Negative adjustment in foreign transactions The issues in question concern foreign transactions such as WNT WDT export of goods import and export of services. The reasons for making declaration corrections can be divided into categories Root cause. Secondary cause. Referring Phone Number List to such terminology it should be noted that the circumstances determining the primary cause must as a rule be known at the time of issuing the original invoice.
There cannot be situations in which the tax base is deliberately lowered in order to postpone the settlement of tax liabilities. Such common situations include an error in the price or quantity of the product. The secondary cause will only be known when the correction invoice is issued. Classic cases include returning goods and providing a postsale discount. When should in the records.