VAT conditions Flashcards
1
Q
2 VAT conditions
A
1) Business to business/business person/freelance
2) New- first transfer
2
Q
National- import
A
VAT
3
Q
National- export
A
VAT
4
Q
Intracommunity- export, sales
A
0 VAT (will be charged in the other country)
5
Q
Intracommunity- import, purchases
A
Selfcharge in positive and negative
0 VAT in the invoice
6
Q
Export (not IC)
A
Exempt
7
Q
Import (not IC)
A
VAT custom (right side, VAT purchases)
