Ensure that the entrepreneur stick to VAT-administration requirements. Save purchase and sales invoices for seven years. Save invoices on real estate for ten years. Specific entrepreneurs (decided by law) and entrepreneurs who supply 90% or more of their turnover to private persons may apply the cash system, and have no obligation to issue invoices. However, they must ensure that the bank- and cash revenue is transparent, so that the correct VAT is calculated on this. Failure to comply with the administration rules can lead to a reversal of the burden of proof. In discussions with the tax authorities, the entrepreneur will then have a heavier burden of proof.
Contribution by Van Vilsteren BTW Advies – BTWadvies.com
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