VAT: limit the risks!
Inadequate VAT management can lead to the AFC imposing fines, which can have a significant impact on your cash flow. The best way to avoid this is to have processes in place that ensure VAT is deducted correctly and adjusted as it changes. A VAT expert can be helpful in implementing these strategies.
Do you have VAT issues?
Our VAT experts are at your disposal to help you fulfill your tax obligations and minimize the risk of collection by the administration.
We can offer you an audit followed by recommendations, then ensure the accuracy of your VAT statements and assist you in your dealings with the AFC (requests for information, checks, legal procedures, etc.)
Correction and concordance: instructions for use
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Do you need to make changes to the statements already sent to the AFC?
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Complete a corrective statement form for the period concerned before the end of your financial year.
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At the end of the year :
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You must complete a reconciliation form and send it to the AFC
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Do you notice errors in your VAT statements?
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You must correct your figures in your reconciliation form
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If you observe other errors after sending this form, inform the AFC as long as the tax period is not prescribed.
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You want to change the settlement method (TDFN-Effective) or settlement mode (agreed-received)
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You must respect the legal deadlines and make corrections because of the changes made.
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