You are right I suppose. We pay it and then we can get some of it returned.
You get all of it returned. 100% of the VAT you paid on things you as a company bought you'll get back from the tax office.
And when selling products, you'll send 100% of the VAT collected from consumers to the tax office.
VAT doesn't affect a company (besides the bookkeeping).
alt Hacker News
You get all of it returned. 100% of the VAT you paid on things you as a company bought you'll get back from the tax office.
And when selling products, you'll send 100% of the VAT collected from consumers to the tax office.
VAT doesn't affect a company (besides the bookkeeping).