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Post by account_disabled on Nov 4, 2023 20:23:00 GMT -8
The Act If sales are documented with an invoice, the taxable base will include the amount of the margin less the VAT due In the case of a negative margin, in the sales registration part, enter the negative amount of the margin in the gross amount with a minus sign , VAT will be Output VAT on sales - marking "MR_T" According to what can be read in the brochure of the Ministry of Finance, if the tax is calculated on the sum of margins obtained on individual tourism services provided in a given settlement period. The tax base for a given settlement period is equal to the sum of the individual values margins positive and negative less tax due on this sum. However, the tax due for a given settlement period is not the sum of individual philippines photo editor tax amounts, but should be calculated on the sum of individual margin values. Input VAT on purchases - marking "zakupVAT_Marza" Invoices or other documents received by the taxpayer for the purchase of goods and services from other taxpayers for the direct benefit of the tourist should, as a rule, be included in the settlement period in which the tax obligation for the supply of goods arises or provision of services. Enter the gross value from the purchase documents Totals from the registration part are transferred to the declaration part Additionally, in the declaration part, the entrepreneur settling the settlement in the margin procedure for tourism services must select item : Negative margin – summary Some domestic transactions are taxed under special rules, and these include tourism services. The concept of VAT margin on tourism services appears here.
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