Duction for the three years from October 1, 2023 to September 30, 2026, when the system starts, and 50% duction for three years later, until September 30, 2029, and the next day, 2029 From October 1, 2019, the purchase tax crit will be completely abolish. 2. Cases where farmers can be exempt from the obligation to issue invoices woman pointing finger There is a special exemption from the system for the issuance of qualifi invoices, etc. One of them is through consignment sales. In consignment sales, the farmer should issue a qualifi invoice, etc. to the purchaser.
However due to the system
Of consignment sales, it is extremely difficult for farmers to identify and issue qualifi invoices to all purchasers. In this case, an intermiary, such as an agricultural cooperative, rather than a farmer, issues a qualifi invoice, etc., so that the Albania Phone Number List purchaser can receive a purchase tax crit. If this exception is appli, even if the farmer is a tax-exempt business, the purchaser can receive a purchase tax crit. This exception applies only when the joint calculation method is select for consignment sales and unconditional consignment method. 3. How should farmers respond bas on the invoice system.
Procure With the introduction
Of the invoice system, agricultural businesses will have to choose whether or not to become eligible billing businesses. In that case, you may be able to continue trading as before, but you have to keep in mind that you will become a taxable SG Phone List business operator. I will explain three points about the response of agricultural business operators due to the introduction of the invoice system. 3-1. Become a taxable business operator If you think that your future transactions will be affect by the inability to issue qualifi invoices, etc., you should consider becoming an invoice issuer. It is the taxable person who is oblig to issue the qualifi invoices. A taxable business entity is requir to submit a consumption tax taxable business notification form.
