Small business with VAT. Approximately 87% of the entities throughout the country have been informed through on-site visits

8586 small business entities have been included for the first time in the VAT scheme, or around 87% of the total, which have already been informed on the legal obligations by means of the on-site visits from the Taxpayers’ Service employees.

The General Directorate of Taxes is still continuing with the information of small business that has been included in the VAT scheme, by means of the visits in the business premises, dedicated trainings, as well as counselling in the Corners of assistance in all the regional directorates.

Up to date, training sessions have been held for 2538 entities, which are foreseen to continue till the end of June. In these sessions the business has the possibility to receive the basic information on the VAT scheme, as well as regarding the change in the tax rate in the fiscal equipment, inventory of goods at stock on 31/03/2018, drafting and submission of the books of sales and purchases, completion of the VAT declaration, etc.

Whereas, up to now, 4006 small businesses or around 40% of the total have received information at the Corner of assistance regarding all the steps to be followed in the future.

The Tax Administration encourages the small business to actively participate in these trainings. But, in any case, the employees are already to provide all the assistance, whether in the premises of the administration or in the business premises, in order to accurately and righteously inform them on the legal obligations.