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SMEs May Be Forced to Pay VAT Despite Having Reported Losses
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VAT is a neutral tax that the SME collects How it influences the moment of collecting VAT Recovering the VAT unpaid by customers SMEs may have to pay the Value Added Tax (VAT) even if they have obtained losses in the financial year (or have recently closed the company).This is a nuance that, according to experts like José Ramón Fernández de la Cigoña, from the Center for Financial Studies, frequently overlook companies when they are in an exerci…
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