Accountants Fear that 6% VAT in Construction Will Lose Efficiency and Ask for Clarification From the PM's Economic Journal
5 Articles
5 Articles
It is preferable to clarify today, correct today and give security today than to inspect, liquidate and dispute tomorrow, says Paula Franco. Bastonaria addresses the Prime Minister directly to ask him to intervene in the matter, from now on.
The missive, to which Lusaka had access, was sent to the head of government, Luís Montenegro, on last Friday, November 6, being signed by the cantonary of the Order of Certified Accountants (OCC), Paula Franco.
This is the new tax system which allows construction and rehabilitation firms to benefit from a 6% VAT rate if the real estate is intended for their own housing.
Order asked Luís Montenegro to clarify the rules to avoid future tax demands
The Order of Accountants wrote to the Prime Minister demanding a 6% clarification of the VAT rules in construction, for fear that the incentive will lose effectiveness if the tax has to monitor the invoices of one work at a time.
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