Tag Archives: tax event

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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The “invisible date” in the rental agreements – why so important?

In my practice, I have consulted the preparation of various rental agreements and I have noticed that, due to ignorance or understatement of its significance, an important date is usually missed – the “invisible date”, figuratively speaking.

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5-day deadline to issue an invoice – yes, but actually no…

Generally, the invoice is issued within five days from the date of occurrence of tax event or an advance payment received. But what happens if the tax event occurred or advance payment was received on 30th July for instance and … Continue reading

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