Filling in the declaration on VAT in 2014

To date, a large number of states, caring for their citizens, are introducing a number of taxes. One such is VAT, which stands for value-added tax. In short, the essence of this tax is the indirect withdrawal of part of the value of a certain commodity to the state budget.

This tax, with its rational use, can provide tremendous support and assistance to the state. But, provided that if some principles are observed. So, in a state where there is a large percentage of corruption, VAT is, rather, a means to impoverish citizens than a full tax. Filling the declaration on VAT in 2014, is in fact a copy of the previous one. In principle, this tax assumes the deduction of a certain percentage of the final (retail) value of the goods. But, in fact, everything is not so simple and smooth. The fact is that the tax is essentially indirect, because the seller has the right to deduct the percentage of tax that he paid. That is why, all the burden rests on the fragile shoulders of an already unhappy consumer.

It is worth noting that the payers of VAT are the following individuals and legal entities:

- Directly the organizations that will be listed below.

- Municipal enterprises that carry out financial and industrial activities, as well as various types of society (regardless of the standard of ownership).

- Also, enterprises that are directly funded by foreign investors.

- Enterprises that are created by individuals (otherwise, called family) and carrying out production or financial activities.

- Branches that independently finance, and also have settlement accounts. Can be equated with a full taxpayer.

- Interstate companies and associations that carry out commercial activities.

- Private entrepreneurs.

- Non-commercial organizations that carry out financial activities.

At the moment, all of the above criteria are required to pay value-added tax. In case of neglect or a deliberate deviation from payment, administrative or criminal liability is provided for. Of course, there are circumstances in which an enterprise can not implement or deduct this tax. In such cases, the law provides preferential terms, up to the return of the value-added tax. For consultations, please contact the competent authorities.