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Dear small business taxpayers!
As of April 1st, 2018, the threshold for VAT registration of ALL 2,000,000 shall enter into force.
Registered in this tax liability shall be any taxpayer that:
The taxpayer that exceeds the minimum threshold of VAT and, therefore, undergoes the normal regime of VAT, shall be entitled on the very first month when he becomes a registered taxable person, to recognize the deductible VAT for inventory goods in stock on the date of registration in this regime, which are intended to be sold and for which he shall calculate VAT when sold.
Therefore, the taxpayer:
Every taxpayer registered for the first time in VAT:
The invoices of sales and purchases shall be registered chronologically in the book of sales and book of purchases.
For those taxpayers registered for Simplified Profit Tax with an annual turnover from ALL 2,000,000 – 5,000,000, the books shall be submitted electronically on quarterly basis, not later than 10th of the coming month of the quarter period they belong to.
More specifically, the declaration of sales and purchases books kept for April, May and June 2018 from taxpayers registered since April 1st, 2018, shall be done by July 10th, 2018.
For those taxpayers registered for Simplified Profit Tax with an annual turnover from ALL 2,000,000 – 5,000,000, the VAT declaration, drafted for a monthly tax period, shall be submitted electronically every three months by 14th of the coming month of the respective quarter (not later than July 14th, October 14th, January 14th and April 14th).
More specifically, the VAT declaration of April, May and June 2018 shall be submitted electronically by July 14th, 2018 by the taxpayers registered since April 1st, 2018.