Initially, all business owners and professionals must submit periodic VAT returns, even if no amounts have been accrued or deducted. However, those who carry out only exempt transactions are exempt from submitting them. From January, subjects about whom the Tax Agency has sufficient information , whether provided by russia mobile number whatsapp themselves or by third parties, will not have to submit the information form .
Find out all the latest news about the new form 390 for VAT settlements . Tweet it!
Let's analyze in detail the changes , both formal and content.
New reporting obligations
* In the identification section, three new fields are included to indicate whether the declarant has been declared bankrupt during the fiscal year, whether or not he has opted to apply the special cash-basis regime or whether or not he has had the status of recipient of operations to which this special regime applies.
* In the section on accrued VAT, the operations carried out under the special cash-basis regime must be detailed . There will also be additional boxes to identify changes to the bases and rates of intra-group operations.
* In the section on deductible VAT , new boxes are also added to identify corrections to deductions for intra-group operations.
* We will have a new section on Volume of Operations in which those who have opted for cash VAT will have to include the amounts of the operations according to the accrual principle. They must also record the amounts of the bases and quotas corresponding to those operations carried out that must be declared according to the general accrual rule.
* Finally, there will be additional boxes so that both taxpayers who choose to apply the special cash-basis regime and those who are recipients of their operations can report the amounts of the bases and quotas of the acquisitions of goods and services to which the special cash-basis regime is applicable or affects them as if it had not been applied to them.
* In the Accrual section, a box is added to identify the substitute declarations submitted as a rectification of self-assessments due to having been declared bankrupt by court order .
The groups that will be excluded from the obligation to file the declaration will be those that carry out activities for which they are taxed under the simplified VAT regime or those that exclusively rent urban properties. These subjects must complete additional information in the quarterly 303 forms to identify the activities to which the declaration refers and record the details of the total volume of operations carried out in the year.
Efficiently control the areas and management of your consultancy. With Sage Despachos Connected, ERP software specifically for Consultancies and Professional Offices, you will achieve maximum productivity, covering the needs in each of the areas of your office: Tax, Labor, Accounting, Finance and Internal Management.