In the previous case we discussed, you were a Vat and bought a computer (with VAT) and a work from Adam’s employee (based on a work contract, i.e. without VAT). The conclusion of our discussion was that, being a Vat, it is good to have suppliers who are also Vats. Note: The following article is not legal, financial or tax advice. Case 2 – What if you are not a Vat? The following example is not legal or tax advice.
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When it’s a good idea to be a Vat and when to be a non-Vat Part 3
So far, we have considered the consequences of being a Vat from the perspective of your customers. Let’s repeat the conclusions: if your customers are individuals, it is better for them if you are not a Vat, if companies are Vats – it is better for you to be. I’m leaving aside here the fact of whether or not you can or can’t be a Vat payer when conducting any business and in any form from the point of view
Continue readingWhen is it a good idea to be a Vat and when is it a good idea to be a non-Vat? Part 2
In a previous post I described what VAT is and who pays it. In Poland, when you set up a sole proprietorship run by an individual, you have to choose whether you are a Vat (an active VAT payer) or a non-Vat (that is, a passive VAT payer). Note: The following article is not legal, financial or tax advice. This choice is quite complicated, because you can be a registered VAT payer, but exempt subjectively (due to a certain amount
Continue readingWhen is it a good idea to be a Vat and when is it a good idea to be a non-Vat? Part 1
If you are starting a sole proprietorship, you must decide at the outset whether to become an active VAT payer, or, more popularly, whether you want to be a Vat payer. If not, you can be a non-VAT payer. This sounds rather strange, but I’ll explain in turn what VAT is and what it is for you as an entrepreneur. Note: The following article is not legal, financial or tax advice. VAT is a value-added tax, which is simply a
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