Monthly Archives: May 2014

Loans, interests and partial VAT credit

It is a well-known fact that when a company performs both VAT taxable and non-taxable sales under the meaning of the Value Added Tax Act (VAT Act), for all purchases which cannot be assigned to one of these categories of … Continue reading

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Tomatoes and the VAT credit

“Can I use the tax credit for this …?” or “Will this … be recognized as a of the company?” are frequently asked questions.

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Marketing tricks, related with VAT, sell cars

Probably everyone has come across car dealers’ advertisements, claiming that the advertised cars all tax (VAT) credit to be used by the buyers. Since the tax credit right is a great marketing message, traders also save the client the other … Continue reading

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How a “loan” can become an “income with VAT”?

During tax audits the way the company activities were financed is often reviewed. Borrowed funds, which were used to finance the company, are covered by loans and additional financing (regardless of the legal form, we will treat them as “loans”). … Continue reading

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