When can the accounting books be discarded?
Every business owner is required to maintain accounting books and receipts from the first day of operating the business. Bookkeeping depends on the type of business, its scope, and the industry in which it operates. The VAT and Income Tax account book management instructions are complex, cumbersome, and not easy to implement. These instructions relate […]
Tax offenses – fictitious tax invoices
A tax invoice issued illegally – for a service or sale made under false pretenses – is called a ” fictitious invoice “. Buying a fictitious invoice and reporting it as input means reducing the amount of VAT that the trader must pay, and reducing payments to the Income Tax and the National Insurance Institute, […]