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Post by joita97022 on Jan 8, 2024 5:44:05 GMT -5
This means that in order to be able to settle VAT quarterly from the first quarter an update of the VATR registration application must be submitted by February at the latest. Example Mr. Andrzej started running a business in June and from the beginning of running the company he registered as a VAT payer. Mr. Andrzej wants to switch from monthly to quarterly settlement. The earliest he will be able to start settling accounts in this cycle will be the third quarter of. Then by Phone Number List of the VATR registration application ticking this option. Switching from quarterly to monthly settlement If the entrepreneur has chosen the quarterly VAT settlement method the return to monthly settlement is possible only after quarters i.e. after months. It is obligatory to submit the update on the VATR form by the date of submission of the tax return for the first monthly settlement period. Example Ms. Karolina has been paying VAT quarterly since April . However she decided that she wanted to settle monthly in . According to the regulations quarters must pass to return to monthly settlements in this case this period will expire at the end of the first quarter of.
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