Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I switch from normal VAT to a composition scheme or vice versa?

0
Posted

Can I switch from normal VAT to a composition scheme or vice versa?

0

Yes, if otherwise eligible. But you must notify your local Sales Tax Office of the change in writing the change to or from normal VAT accounting will only be effective from the beginning of the next financial year, that is the following 1st April. Until that time, you must continue to account for VAT under the normal VAT or composition scheme as the case may be.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123