Why you should contact our tax consultancy for your non-profit organization ?
As a non-profit organization, you may think that you are exempt from VAT or that you do not need to worry about it. This is not the case. Depending on the nature of your activities, you may be subject to VAT or have a partial right to deduct. This can have a significant impact on your costs and cash flow.
In addition, from 1 January 2024 there will be a new VAT reporting requirement for non-profit organizations with a partial right of deduction. You will need to provide the tax authorities with information on your method of calculating your VAT deduction percentage. This can be a complex and time-consuming task, especially if you are not familiar with the VAT rules and regulations. But don't look at this information as a new mental burden for your accounting department. Look at it as an opportunity to reclaim even more VAT.
This is why you should contact our tax consultancy for your not-for-profit organization. We are experts in European VAT and can help you with :
- Checking your VAT status and determining the extent of your right to deduct
- Optimizing your method of calculating your VAT deduction percentage
- Provide information to the tax authorities within the legal deadlines
- Avoid penalties or disputes relating to your VAT obligations
We offer a free video conference to assess your situation and provide you with a tailored solution. We look forward to hearing from you soon.