VATupdate
VAT

Share this post on

Rules for rounding regarding VAT calculations, payments

The value added tax (VAT) law was amended in an effort to unify the amount of tax calculated (using both the top-down and the bottom-up calculation approach) and to eliminate the “double” rounding of cash payments when the first rounding concerns the calculated tax and the second one the total amount of the VAT payment.

Source: KPMG

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com