- The text discusses situations where there is no monetary compensation and other specific cases related to VAT taxable base, which is generally the total amount due to the supplier according to contractual terms. However, in some cases, the normal value of goods or services is used as a reference. The normal value is defined as the price that would be paid under free competition and between independent parties. If similar transactions are not available, the normal value is based on the purchase price or cost for goods, and expenses incurred for services. Specific criteria for determining normal value for employee-provided vehicles and mobile phones are set by ministerial decree. The normal value also applies to barter transactions, payments in kind, discounts, and internal transfers between separate activities. It is relevant when it exceeds the agreed price for certain goods, triggering joint liability for VAT compliance. The normal value is also significant in intercompany transactions between controlled companies.
Source: eutekne.info
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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