European Union: Enable Companies to Switch to the Model of VAT Payment Based on the Collected Rather than the Issued Invoice.
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4 Articles
Debate: Tobias Silverstein Hinchley runs the wine company Den Sidste Flaske in Aabenraa. He has around eight full-time employees, a business that needs to be developed, and a day-to-day life where there must be money in the account for salaries, purchases, and bills.
It was announced from the European Union that the current VAT collection model is designed in such a way that all companies, even the smaller ones, pay VAT to the state before they even manage to collect their claims, essentially financing the state budget without interest.
At today's press conference, the European Union deputies proposed a legal solution to support micro and small businesses. The European Union deputies will resubmit to the parliamentary procedure a proposal for amendments to the Law on Value Added Tax, the essence of which is to enable smaller companies, which express interest in such a thing, to switch to a VAT payment model based on the collected amount and not […]
The European Union's deputies will once again submit to the parliamentary procedure a proposal for amendments to the Value Added Tax Law, the essence of which is to enable smaller companies, which express interest in such a thing, to switch to a VAT payment model based on the invoice collected rather than issued, which is common European (22 out of 27 EU countries) and regional practice (Slovenia, Croatia, Serbia), ...
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