121. rulebook on implementation of the law on value added tax

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<strong>121.</strong> RULEBOOK ON IMPLEMENTATION OF THE LAW ON VALUE ADDED TAX (3) Should the issuer of the invoice indicate the tax in the amount lower than the prescribed one, he shall be obliged to account for and pay the tax according to the prescribed rate. 6. Invoices of persons who are not VAT payers Article 82 (1) In the invoices issued by persons referred to in Article 42 of the Law and other persons that are not VAT taxpayers the VAT must not be indicated and they shall be obliged to indicate in the invoice that they are not within the VAT system. (2) Should the person referred to in paragraph 1 of this Article indicate separately tax for deliveries of goods and rendered services even though he was not authorized to issue the invoice as envisaged in Article 33 of the Law, he shall be obliged to pay the indicated amount of tax. This liability shall not apply to an issuer of invoice who has corrected the invoice, according to Article 20 paragraph 9 of the Law. Article 83 Taxpayers to which the goods and services have been supplied by agricultural producers who are in possession of approvals for the lump-sum compensation referred to in Article 43 of the Law, shall act in compliance with Article 130 of the Rulebook and they must indicate in the receipt of an agricultural producer i.e. in any other document that represents the basis for purchase, also the rate and the amount of such a lump-sum compensation and write the number and date of approval which is the basis for the lump-sum compensation payment. X CALCULATION AND PAYMENT OF VALUE ADDED TAX 1. Tax period Article 84 The taxpayer shall calculate the tax liability within a tax period. The tax period shall be the period from the first to the last day in a month (calendar month). 2. Calculation of value added tax Article 85 (1) The taxpayer shall calculate the VAT on amounts charged on the taxable deliveries of goods or services in the tax period. (2) The taxable deliveries of goods or services shall mean the total amount for any tax period on which the VAT is chargeable and payable for such period at rates set forth by Articles 24, 24a and 25 of the Law. (3) The charged amounts on the taxable deliveries of goods or services referred to in paragraph 1 of this Article shall be the following: 1. Amounts in issued invoices, Rulebook on Implementation of the Value Added Tax Law 28
<strong>121.</strong> RULEBOOK ON IMPLEMENTATION OF THE LAW ON VALUE ADDED TAX 2. Amounts of received advance payments pursuant to Article 18 paragraph 4 of the Law; 3. Value of executed deliveries referred to in Articles 5, 6 and 9 of the Law; 4. Amounts in invoices issued by the taxpayer domiciled abroad pursuant to Article 20 paragraph 5 of the Law. (4) Should the invoices for deliveries of goods or services for the tax period be not issued, the VAT tax shall be charged as if issued and it shall be included in the VAT calculation. Subsequently issued invoices for already executed deliveries of goods or services shall have no impact on the VAT calculation, and the documents on which the tax liability has been assessed shall be enclosed. (5) The VAT calculation shall also include the amounts of invoices issued within the tax period in respect of which the delivery of goods or services has not yet been made. Subsequently executed deliveries of goods or services for which invoices have been issued in advance, which are included in the VAT account, shall not affect the VAT calculation. (6) The taxpayer shall be entitled to deduct the input tax pursuant to Article 37 of the Law from the value added tax calculated for deliveries referred to in paragraphs 2 to 5 of this Article. 3. VAT assessment return Article 86 (1) The taxpayer shall be obliged to assess the tax liability and indicate it in the monthly return for assessment of VAT (hereinafter: VAT return) on PR PDV-2 form. (2) The taxpayer shall submit to a competent tax authority according to his place of seat or permanent or temporary residence no later than 15th day of the following month after the elapse of the tax period. (3) The taxpayer shall submit the VAT return for each tax period regardless whether taxable deliveries of goods or services were executed in that period. 4. Payment of value added tax Article 87 (1) The taxpayer shall be obliged to pay the VAT calculated for the tax period until the 15th day of the current month for the previous month (tax period). (2) The value added tax shall be paid to revenue deposit accounts prescribed by the Ministry of Finance. 5. VAT payable by the recipient of goods or services Article 88 (1) The recipient of goods or services who is not the VAT taxpayer and who pays the VAT pursuant to Article 12 items 2) and 3) of the Law, shall be obliged to account for the VAT tax in Rulebook on Implementation of the Value Added Tax Law 29
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121. rulebook on implementation of the law on value added tax

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