What should an entrepreneur know about VAT returns?
A New Entrepreneur's Guide Series: What should an entrepreneur know about VAT returns? If a company is registered for value added tax (VAT), it also has an obligation to submit VAT returns. For many entrepreneurs, the subject may seem complicated at first, but understanding the basics will make managing the company's finances and cooperating with an accountant easier. What is a VAT return? A VAT return is a notification by which a company provides information related to value added tax to the Tax Administration. The return is based on the company's accounting, [...]