Tag Archives: VAT credit

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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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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Downpayments – a VAT credit right in case of registration under the VAT Act

I will neither comment on the general conditions of the VAT credit right nor the overall procedure of using a VAT credit in case of registration under the VAT Act. I will only review the possibility of a VAT credit … Continue reading

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Exercising VAT credit right – is time a factor?

Let’s consider the following case: The goods are sold on 12 August 2011 and the stock receipt for transfer of ownership was issued on the same date. However, the invoice was not issued as a result of an omission of … Continue reading

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How to use VAT credit for the company car?

Since the beginning of 2013, the Value Added Tax Act (VAT Act) is a bit more liberal as far as VAT credit right for cars is concerned. Under the current provisions, the VAT Act allows VAT credit on rental payments … Continue reading

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