If your company no longer has any use for some of its investment goods, it can decide to scrap or landfill them. But be careful. The destruction of such goods forming part of your company’s assets must be duly proven or justified, and only the destruction of an asset decided on because of the objective loss of use of that asset can be taken into consideration.
Accepting a defective invoice from your supplier means exposing yourself to a loss of VAT deduction, a penalty that can quickly weigh heavily on a company’s finances
It is not uncommon for companies to make errors in their VAT returns. Two types of penalty are possible, depending on the nature of the error: administrative fines and/or late payment interest.
Since 1st of July 2023, the corrections in any declaration entail late interest payment. Those interests imposed concern the VAT corrections regardless of whether they were initiated by the Danish administration or the company itself (voluntary disclosure).
The generalized reverse charge mechanism for VAT has been introduced in Slovenia since 2022 and applies to all supplies of goods and services that are deemed to take place in Slovenia.
The generalized reverse charge mechanism for VAT has been introduced in Slovenia since 2022 and applies to all supplies of goods and services that are deemed to take place in Slovenia.
VAT in Belgium : the due time for filing the VAT return in Belgium is in principle the 20th of the month following the period. The same applies to the payment of VAT and the filing of intra-Community listings of goods and services.
VAT in Belgium : the due time for filing the VAT return in Belgium is in principle the 20th of the month following the period. The same applies to the payment of VAT and the filing of intra-Community listings of goods and services.
The generalized reverse charge mechanism for VAT has been introduced in Slovenia since 2022 and applies to all supplies of goods and services that are deemed to take place in Slovenia.
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