I have just started as a part-time entrepreneur and have a small business that is exempt from vAT.
I bought a laptop online for my business, but noticed that I did not paid vAT on it. As it was through a Dutch website, the invoice was immediately issued with vAT reverse charge. So the invoice states 0% vAT.
I now have no idea what to do to handle this correctly. Do I still have to file a vAT declaration for this quarter to pay that vAT here in Belgium?
You will then have to file a special vAT declaration. If you search for 'special' in the learning center, you will find more explanation about how to do this. The easiest thing to do is to avoid this in the future. By stating that you are exempted from VAT, or by making these purchases as if you were a private person. That way, you will always receive an invoice with the local VAT included.
In the meantime, I have filed the special vAT declaration for these purchases.
But how should I enter these costs in the accounts?
Is there a separate category for entering these special vAT costs, and can I use the receipt from the return as an invoice?
And does it make a difference that here it is a depreciation?
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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