Post by joita9865 on Oct 25, 2023 21:47:31 GMT -6
If, for example, the invoice arrived in October with an issue date of May , in this situation, before the regulations were changed, the settlement for the month of May should be corrected, showing the due and accrued VAT - then a tax obligation arose. Negative correction, but only of the tax due for the month of June, where it was originally shown. Both JPK_V and the VAT-UE summary information had to be corrected. As can be seen in the examples above, the introduced change has significantly simplified the settlement of ICT transactions from July.
WDT transaction – change of the settlement period As far as the settlement of WDT transactions philippines photo editor is concerned, a provision has been introduced in the SLIM VAT package that clarifies the existing regulations. Namely, so far, entrepreneurs have had doubts about the period in which an ITC transaction should be settled in situations in which the entrepreneur received the documents entitling him to apply a % VAT rate with a delay. Settlement of WDT transactions Until June , From / / WDT settlement with a % rate in the settlement for the period in which the delivery was made.
ITC settlement with a % rate in the settlement for the period in which the tax obligation arose Example The entrepreneur delivered the goods in April and issued the invoice in May - the tax obligation arose on the date of issuing the invoice, i.e. in May. By July , he did not receive documents giving the right to a % rate, so for July he showed a delivery at the domestic rate. The total value of sales including VAT recorded at the cash register in a given settlement period in the total value of sales including VAT made in a given settlement period cannot be lower than.
WDT transaction – change of the settlement period As far as the settlement of WDT transactions philippines photo editor is concerned, a provision has been introduced in the SLIM VAT package that clarifies the existing regulations. Namely, so far, entrepreneurs have had doubts about the period in which an ITC transaction should be settled in situations in which the entrepreneur received the documents entitling him to apply a % VAT rate with a delay. Settlement of WDT transactions Until June , From / / WDT settlement with a % rate in the settlement for the period in which the delivery was made.
ITC settlement with a % rate in the settlement for the period in which the tax obligation arose Example The entrepreneur delivered the goods in April and issued the invoice in May - the tax obligation arose on the date of issuing the invoice, i.e. in May. By July , he did not receive documents giving the right to a % rate, so for July he showed a delivery at the domestic rate. The total value of sales including VAT recorded at the cash register in a given settlement period in the total value of sales including VAT made in a given settlement period cannot be lower than.