But what happens if the reseller is on an equivalence surcharge?
Posted: Thu Dec 26, 2024 3:48 am
Retail companies that sell to the final consumer are subject to the equivalent surcharge, so they are not required to pay VAT. They do bear the tax on their purchases and pass it on to their sales, but they declare it as a higher amount than the cost of the goods. Therefore, it is not possible for them to declare VAT by self-assessment in form 303 because they are not required to file it.
The company must also register as a reseller and will be subject to VAT for the resale of said products. The communication will be deemed to be extended for the following years as long as the loss of said status does not occur, which must also be communicated to the Tax Administration through the appropriate census brazil whatsapp mobile phone number list declaration of modification. The tax must be declared in the special non-periodic declaration-settlement ( form 309 ) , for which obligation it must be registered beforehand.
The business or professional reseller may obtain a certificate with a secure verification code through the electronic office of the State Tax Administration Agency , which will be valid for the calendar year corresponding to the date of issue. This also applies to businesses with an equivalence surcharge.
To determine whether a company or self-employed person must register as a reseller of electronic devices, they will have to look at their activity during the 2014 financial year.
Since the regulation takes effect from April 1, the first VAT settlements under this modality will be made in the settlement submitted in July, corresponding to the second quarter of the year .
Therefore, as far as businesses with an equivalence surcharge are concerned, they must already register for the obligation to submit form 309; this has been mandatory since April 1.
The company must also register as a reseller and will be subject to VAT for the resale of said products. The communication will be deemed to be extended for the following years as long as the loss of said status does not occur, which must also be communicated to the Tax Administration through the appropriate census brazil whatsapp mobile phone number list declaration of modification. The tax must be declared in the special non-periodic declaration-settlement ( form 309 ) , for which obligation it must be registered beforehand.
The business or professional reseller may obtain a certificate with a secure verification code through the electronic office of the State Tax Administration Agency , which will be valid for the calendar year corresponding to the date of issue. This also applies to businesses with an equivalence surcharge.
To determine whether a company or self-employed person must register as a reseller of electronic devices, they will have to look at their activity during the 2014 financial year.
Since the regulation takes effect from April 1, the first VAT settlements under this modality will be made in the settlement submitted in July, corresponding to the second quarter of the year .
Therefore, as far as businesses with an equivalence surcharge are concerned, they must already register for the obligation to submit form 309; this has been mandatory since April 1.