Quote:
Originally Posted by KlenTelaris
I know that too  But problem is with vat as how you need to pay it every month(or every 3 months,depending on amount),and that money could be used for something else.While income tax is much easier to deal with it as it is executed only once a year and you can minimize it by investing on end of year. |
Quote:
Originally Posted by aka123
There is usually somekind of reporting oblication, both buyer and seller (B2B). I mean trade between countries, inside countries seller also collects the VAT.
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yes to both - but once again: as a serious business those are things you do anyways
i don't want to sound arrogant, but we're not dealing in the less than 30,000 Euro per year league...
And Klen: When you collected VAT, it has never been your money anyways, you cannot use it for something else.