VAT due and VAT charged

Every entrepreneur who is also a so-called VAT payer, i.e. an active VAT payer, is obliged to pay value added tax on time. However, not everyone knows that in the context of VAT, it is good to know two basic concepts: output VAT and input VAT. They provide an excellent starting point for a full understanding of how value added tax works.
Table of contents:

VAT due and input VAT – definitions


EXAMPLE

Formula for calculating vat due

When is VAT deductible?


Input and output VAT by example


Important!

Time limit for VAT deduction


EXAMPLE

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