Depending on the type and size of the company, you may be subjected to different VAT tax regimes that affect the timing of declarations and payments of this tax. There are three VAT regimes to which a business may be subject: – the franchise regime based on VAT, which exempts from the payment of VAT – the simplified real regime, for which companies must file an annual VAT return – the normal real regime, for which companies must make monthly VAT declarations.
Source: fiscal-requirements.com
