Standard Bookkeeping Services > Calculation of VAT

 

 

Calculation of VAT is one of the most important bookkeeping service you entrust your accountant with. VAT is one of the most important taxes calculated by the state, thus, the most inspected one, along with the Law on Cash Registers. Even though the legislator does not prescribe the form and content of books of received and issued invoices (BRI and BII) special records are determined that these books must include. 

 

Out team was very successful in cooperation with tax inspectors in the previous period related to VAT inspections. Conduct business with professionals, take business into your own hands and leave the VAT to us. 

 

What is VAT, anyway?

 

Value Added Tax (VAT) is the tax on consumption of goods and services, replacing the old sales tax. The main difference is that the VAT is calculated and paid at each phase of the turnover, but only for the value that is added in each individual phase by the participants of such turnover phase. 

 

For example: Company X produced a shirt for RSD 5,000. It calculates VAT on that shirt in the amount of 20% and the total sales value of the shirt is RSD 6,000. The shirt is purchased by company Y for RSD 6,000, and sells it to company Z for RSD 5,500 and calculates tax of 20% making the cost of the shirt RSD 6,600. The company Z sells it is retail for RSD 8,400. Company Y in calculating VAT may deduct RSD 1000 that was recognized by the company X, but also must calculate VAT of RSD 1100 from the sales to company Z. Company Y, as VAT taxpayer pays VAT to the state in the amount of difference of calculated tax (RSD 1100) and deducted tax (RSD 1000), that is, a total of RSD 100. This tax is produced in the turnover of this shirt, that is, purchase by company X and sales to company Z as tax (in our example, 20%) related to the difference between the purchase (5000) and sales value of the shirt (5500), that is, as Value Added Tax for the shirt of RSD 500. 

 

How is VAT paid?

 

VAT is paid to the republic if the turnover is performed by:

 

  • Person registered as VAT taxpayer
  • During business operations
  • On the territory of the Republic of Serbia
  • When turnover is not exempt from tax

 

What is VAT payment related to?

 

VAT is paid for turnover executed in the republic and not exempt from tax. This turnover is called taxable turnover.

 

Which turnover is exempt from VAT?

 

Turnover is not taxable :

 

  • if performed outside of the republic
  • if performed by a person not a VAT taxpayer

 

What are the rates of VAT?

 

Two VAT rates are used in the Republic of Serbia:

 

  • General Rate, currently 20%,
  • Special Rate, currently 10%.

 

VAT is the basic income for the republic so it is very important to calculate is precisely. Inability to calculate VAT properly may lead to warning from tax inspectors, and sometimes, financial penalties. If our company becomes your bookkeeping agency, this service becomes a priority. Our team, SVM - United Business Solutions, has developed a method for maximum speed of data processing related to calculation of VAT, saving our time and your costs! 

 

Calculation of VAT - price of the service

 

The price for the bookkeeping service of VAT calculation that may be provided by our bookkeeping agency depends on several factors. The price depends on the number of received and issued invoices, number of cash registers. Also the price may be impacted by the fact the company is involved in foreign trade or not, the number of retail facilities, etc. The price is also under the impact of the main business activity of the company since there can be a lot of specific situations in some activities, requiring special approach. Naturally, the price of the service depends on whether the potential company is the user of some of our services from the package of united business solutions, in which case special arrangement is created depending on services selected. 

Comments (8)

Kristina Protic on 17.07.2017 14:58

Samo me interesuje sta znci azuriranje i izrada specifikacije za obracun pdv-a? Kontiranje i knjizenja izvoda blagajne, ulaznih racuna i ostale dokumentacije u glavnoj knjizi? Priprema podataka i odredjenih specifikacija za izradu godisnjeg bilansa?

Unapred zahvalna,

Kristina Protic

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SVM Support on 17.07.2017 16:06

@Kristina Protic,
Ažuriranje i izrada specifikacije - misli se na pomoćne evidencije za obračun PDV: knjigu izlaznih i ulaznih računa.
Kontiranje i knjiženja izvoda, blagajne, ulaznih računa i ostale dokumentacije u glavnoj knjizi: predlažemo da pročitate odeljak o glavnoj knjizi.
Priprema podataka i specifikacija za izradu godišnjeg bilansa: ovo su poslovi koje se tiču izrade godišnjeg završnog računa.


Jovanka jovanovic on 08.01.2019 18:47

Zdravo!Zanima me knjizenje kalkulacija sta znaci.

Replay

SVM Support on 09.01.2019 14:26

@Jovanka Jovanovic,
Knjiženje kalkulacija znači unos stavki nabavne fakture za robu ili materijal, uz unos eventualnih zavisnih troškova, i određivanje cene nabavke po artiklu kao i određivanje prodajnih cena za svaki artikal sa kalkulacije.

Jelena Petrovic on 23.05.2019 12:04

Postovani,
Interesuje me koja stopa PDV-a se primenjuje na fakturisanje usluga u samackom smestaju?
Srdacan pozdrav!

Replay

SVM SUPPORT on 27.05.2019 15:58

@Jelena Petrović,
Po našem mišljenju, a na osnovu pravilnika o utvrđivanju dobara i usluga za koje se primenjuje posebna stopa (član 11), za smeštaj u ugostiteljskim objektima se primenjuje posebna stopa, ali ako se samački smeštaj ne može smatrati ugostiteljskim objektom, onda se primenjuje opšta stopa.
Možemo još da proverimo pa da potvrdimo ovo mišljenje.

Stefan Kostić on 17.07.2019 09:49

Poštovani, dobar dan.

Imam nameru da otvorim market, s tim u vezi potrebno mi je nekoliko informacija.

Da li postoji odbitak poreza u maloprodaji (tj. ako proizvod kupim za 80 dinara a prodajem ga za 100 da li ću plaćati porez samo na dodatu vrednost ili na svih 100 dinara)?

Ako postoji odbitak poreza u maloprodaji, da li on važi za sve vrste proizvoda ili postoje kategorije proizvoda u kojima postoji odbitak poreza i u kojima ne postoji?

Srdačan pozdrav.

Replay

SVM SUPPORT on 23.07.2019 21:48

@Stefan Kostić,

Ukoliko market registrujete u sistem PDV-a, onda skraćeno rečeno, plaćate porez samo na dodatu vrednost, tj. na razliku između 100 i 80 dinara u vašem slučaju koji ste naveli.
Ukoliko market ne registrujete u sistem PDV, situacija je malo drugačija i ne ide u vašu korist, jer će vam za slučaj marketa 99% dobavljača biti u sistemu PDV-a.
Odbitak poreza postoji za sve vrste proizvoda koje ćete preprodavati. Postoje neke vrste proizvoda i usluga za koje nemate odbitak poreza, ali se ne odnose na proizvode i usluge koje ćete preprodavati u marketu.

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