The value added tax when they categorize as Creditable VAT is the tax that companies or taxpayers pay their suppliers of raw materials or for any service contract and are subject to this charge.
In a more simple the Creditable VAT is the tax you paid instantly you made any purchases or services, whose values can be used immediately to file your return every two months for payment of VAT.
The body should be supported Iva in the period following the declaration to be submitted, otherwise if the company’s accounting records but not recorded in the submission form can not be discounted bimonthly in other statements.
If not is if for some reason did not register a sales receipt or payment of any service in this case the movement can be recorded in the following period and performs the appropriate deduction of Creditable VAT payment in the presentation of the tax.
It is not clear that all other concepts are to be submitted Iva media accounting for all amounts can be credited as truthful and not have any problem in case of an audit.
Given these are concepts without fear of mistakes will be very useful to Creditable VAT accounting movements in both personal and corporate saving you big money, because many people lack these values did not prove at the time of payment tax.
Photo Iva Way Creditable Stock.xchng
