The main points of compliance with value added tax in the activities of a contractor;

The main points of compliance with value added tax in the activities of a contractor;

A contractor is required to pre-register and finalize his registration in the VAT system and immediately complete the VAT declaration periodically so that he can receive his VAT certificate from the VAT organization very quickly. to do This is despite the fact that a contractor can confirm the amount of value added tax and duties in his situation when he presents the value added tax certificate to the employer. And this is a requirement. Unfortunately, most of the contractors, especially mass construction contractors such as Mehr Housing and Institutional Housing Cooperative, have not taken acceptable measures in this field and by paying several times the amount of value added tax apart from damages and other crimes, they have incurred a huge cost on their executive activities. are

What are the principles and rules of contracting taxes and fees?

The most important point that many contractors don’t pay attention to is collecting standard documents and issuing a status report. Unfortunately, I myself have witnessed many times that the contractor has paid taxes and duties on the materials and materials for the work, and because he does not have a document or an invoice, he has not been able to use the tax credit, and he has only paid for the percentage received from the employer. He was a tax returner.

The most important principles that a contractor must do for his VAT credit include the following:

Receiving invoices and standard invoices for the purchase of materials and materials at the time of payment, registering for value added tax, preparing the status statement presented in the standard invoice of the Asset Administration, archiving and maintaining purchase and sale invoices, the necessary measures to obtain a value added tax certificate, submitting a tax declaration Added value within the deadline for timely payment of the amount of value added tax each period

If we don’t have a certificate, how can we collect the tax?

The most important action that you as a contractor should apply to your statement of status is that when you do not have a certificate, you should not apply the percentage of the statement of status provided to the employer, and when you succeed in receiving this certificate from the VAT organization, you can request to receive the tax amount. And do the value added taxes of the previous situations as well.

In what order is the date of value added tax related to contracting activities?

Based on the provisions of Clause B, Article 11 of the Law, the tax due date for the provision of services will be the invoice date or the date of service provision, whichever is earlier (as the case may be). Since contracting activities are considered as examples of providing services, such taxpayers are required to enter and collect taxes and duties under the issued status statement when issuing the statement of status. It is obvious that if the statement of status issued is adjusted by the employer, the related taxes and duties will also be adjusted accordingly.
Mehdi Koh Soltani (financial services, accounting, financial and tax consultant):
The group of accountants and auditors of Tabriz
https://t.me/joinchat/BnzBsTuioTshiXBwf9bBPQ