Reporting Requirements for Taxpayers Transitioning to VAT and Profit Tax Payment

• Taxpayers who switch to paying VAT and profit tax must submit reports for both taxes
• Operations and online receipts before switching to VAT payment are automatically reflected in turnover tax reports
• Operations after switching to VAT payment are automatically reflected in VAT reports

Source: facebook.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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