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You are right I suppose. We pay it and then we can get some of it returned.
by butterknife 1y ago
You are right I suppose. We pay it and then we can get some of it returned.
- bildung 1y agoYou get all of it returned. 100% of the VAT you paid on things you as a company bought you'll get back from the tax office. And when selling products, you'll send 100% of the VAT collected from consumers to the tax office. VAT doesn't affect a company (besides the bookkeeping).
- SJC_Hacker 1y agoIf thats the case, why not just register a business, and make a bunch of purchases so you don't have to pay VAT?
- bildung 1y agoBecause that would be an obvious loophole and has been made illegal almost everywhere (i.e. you can't have a business that isn't aiming for profitability).