Guide
VAT returns
Accurate VAT calculation and on-time PP PDV filing, without penalties.
Preparing and filing VAT returns is the regular process by which a VAT payer calculates, for each tax period, the difference between collected (output) and paid (input) VAT and reports it to the Tax Administration. For a business owner this means a precisely determined liability or a right to a refund, without penalties or interest. Errors in the calculation or missed deadlines cost money directly, so an accurate return is part of the financial safety of the business.
What you should know
- A business becomes a VAT payer when an entrepreneur's or company's taxable turnover in the previous 12 months exceeds 8 million dinars, and you can also register voluntarily.
- The tax period is a calendar month or a quarter (quarterly for turnover up to 50 million dinars per year, otherwise monthly), and the deadline to file the return and pay VAT is the 15th of the month for the previous period.
- The return consists of the POPDV records (a detailed overview of turnover) and the PP PDV form, which are filed together electronically via the Tax Administration's ePorezi portal.
- VAT is calculated as the difference between output VAT (on issued invoices) and input VAT (on received invoices and SEF e-invoices), provided the conditions for deducting input VAT are met.
- The result is an amount to pay when output VAT is higher, or a right to a refund or a carry-forward of the tax credit to the next period when input VAT is higher.
How we handle it
- 01 Collecting documentation We gather output and input invoices, SEF e-invoices and other documents for the tax period.
- 02 Review and bookkeeping We post every invoice and verify the correctness of tax rates, amounts and that the conditions for deducting input VAT are met.
- 03 Building POPDV records We complete the POPDV records and reconcile them with the books so the calculation is accurate.
- 04 Preparing the PP PDV return From the POPDV records we prepare the PP PDV form and determine the liability to pay or the right to a refund.
- 05 Filing and notification We file the return electronically with the Tax Administration before the deadline and inform you of the amount and payment date.
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