From the book "Manual Arts and legislation " published by the Union of Visual Artists Chapter 5, section II; VAT ON :
What is VAT?
The Value Added Tax is an indirect tax levied on consumption and gravel, in the manner and conditions provided in this Act, the supply of goods and services supplied by entrepreneurs and professionals, the acquisitions of goods and imports of goods.
When must VAT invoice?
In the artist's activity can occur bienesy supply of services, implying a differential tax treatment and, on the one hand, the provision of professional services is exempt from VAT, while the other, the delivery of work art is not exempt from VAT and therefore, the artist indeed, and art supplies must charge VAT on their invoices.
VAT What should I use when there is an obligation to pass on the tax?
VAT Act provides for taxation at a rate of 7% the supply of works of art made by the author or title.
What happens to the VAT that I stand on my artistic activity?
The artist has the right to deduct the VAT to be paid in the course of their activity, so that in the event of a tax bracket is greater than that which has been passed, the artist may request a refund of the difference .
When should I make the VAT?
As a general rule, in case you are required to file VAT return must be filed four quarterly reports by submitting a form, model 300, in the following periods: the first three quarters between 1 and Ios 2nd of April, July and October, respectively, and the fourth quarter from 1 to 30 of January the following year.
addition to the detailed requirements, the taxable persons must submit an annual summary statement of the year, in principle, using the model 390 and in the same place as and when due that last year's quarterly statement.
How do I calculate the amount to pay, return, or to compensate for VAT?
As a general rule, the final amount of the declarations is determined by deducting the VAT paid during the quarter under statement, the VAT that would be supported in the same period and the slope compensation in prior periods.
Should the VAT, are itemized on the bills?
The invoices to be issued shall contain, in addition to the description of the operation and the total consideration, the tax base, the VAT rate applied and the tax charged. If VAT was included in the price will show the rate of VAT or added the words "tax included." If the bill would involve the application of different VAT rates should differentiate the part of the transaction subject to each type.
When should request a VAT refund?
Unlike the VAT compensation to be held in each quarterly statement liquidated, the return may be requested only in the declaration of the fourth quarter.
If I have not passed or have any input VAT in a quarter must file the tax anyway?
Yes, VAT taxpayers must file a return for the tax even if during the calendar quarter in an award has not been any activity.
The Value Added Tax is an indirect tax levied on consumption and gravel, in the manner and conditions provided in this Act, the supply of goods and services supplied by entrepreneurs and professionals, the acquisitions of goods and imports of goods.
When must VAT invoice?
In the artist's activity can occur bienesy supply of services, implying a differential tax treatment and, on the one hand, the provision of professional services is exempt from VAT, while the other, the delivery of work art is not exempt from VAT and therefore, the artist indeed, and art supplies must charge VAT on their invoices.
VAT What should I use when there is an obligation to pass on the tax?
VAT Act provides for taxation at a rate of 7% the supply of works of art made by the author or title.
What happens to the VAT that I stand on my artistic activity?
The artist has the right to deduct the VAT to be paid in the course of their activity, so that in the event of a tax bracket is greater than that which has been passed, the artist may request a refund of the difference .
When should I make the VAT?
As a general rule, in case you are required to file VAT return must be filed four quarterly reports by submitting a form, model 300, in the following periods: the first three quarters between 1 and Ios 2nd of April, July and October, respectively, and the fourth quarter from 1 to 30 of January the following year.
addition to the detailed requirements, the taxable persons must submit an annual summary statement of the year, in principle, using the model 390 and in the same place as and when due that last year's quarterly statement.
How do I calculate the amount to pay, return, or to compensate for VAT?
As a general rule, the final amount of the declarations is determined by deducting the VAT paid during the quarter under statement, the VAT that would be supported in the same period and the slope compensation in prior periods.
Should the VAT, are itemized on the bills?
The invoices to be issued shall contain, in addition to the description of the operation and the total consideration, the tax base, the VAT rate applied and the tax charged. If VAT was included in the price will show the rate of VAT or added the words "tax included." If the bill would involve the application of different VAT rates should differentiate the part of the transaction subject to each type.
When should request a VAT refund?
Unlike the VAT compensation to be held in each quarterly statement liquidated, the return may be requested only in the declaration of the fourth quarter.
If I have not passed or have any input VAT in a quarter must file the tax anyway?
Yes, VAT taxpayers must file a return for the tax even if during the calendar quarter in an award has not been any activity.
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