Creditable taxes-Tax Discount
Author: Jose Viano
The value added tax when they categorize as Creditable VAT is the tax that companies or taxpayers pay their suppliers of raw materials or for any service you hire and that is subject to this tax.
In a more simple the Creditable VAT is the tax you paid at once you made any purchases or services, whose values can be used immediately to file your return every two months for payment of VAT.
The Creditable VAT must be sustained in the period following the declaration to be submitted, otherwise if the company accounting records but not recorded in the bi-monthly reporting form can not be discounted in other statements.
Otherwise it is if for some reason did not register a bill of sale or payment of any service, in this case the movement can be recorded in the following period and performs the respective Creditable VAT deduction in submitting the tax.
Is not clear that all other concepts are to be submitted Iva media accounting for all amounts can be credited as truthful and not have any kind of inconvenience in the event of an audit.
Bearing in mind these are concepts without fear of mistakes will be very useful to move Iva Creditable in both personal and corporate accounts saving you big money, because many people lack these values did not establish the time of payment of tax .
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