Partner GmbH Steuerberatungsgesellschaft
Without Bill there is no right to deduct invoices must contain a variety of information so it calls the sales tax law. Missing invoice information cause sales tax review or audits at a reduction of the deduction. So that you don’t fall into the before-tax trap, we have compiled in the following once again the most important billing information: name and address of the operator and of the beneficiary; Tax ID or VAT ID of the payer operator; Quantity and commercial designation of the delivery item or type and extent of other performance; Time of delivery or other performance is sufficient indication of the Calendar month in which the goods or services was executed; apply for down payment features; Pay for the delivery or other service; the attributable to the remuneration amount of tax which is separately or indicate a possible tax exemption; applicable tax rate; Date of issue of the invoice (invoice date); consecutive number with numbers or letter series or a combination, once given to the identification of the account of the issuer of the invoice (invoice number); Date to which the fee was, captured if the payment before services took place (invoice), if the time of capture is fixed and does not agree with the date of issue of the invoice; “mandatory in the cases of reversal of the Umsatzsteuerschuldnerschaft specifying the beneficiary charge ‘; in advance agreed bonuses, discounts, and discounts, if not already included in the fee. “Here is sufficient for the following example Note: there is discount or bonus agreements”; Note on two-year retention period when taxable factory supplies and services in connection with a plot; “providing credit” for invoices issued by the beneficiaries. Lease for input tax deduction is not sufficient for a deduction requires first that there is even a Bill. Without invoice no input tax deduction – this also applies to continuous services such as such as monthly rent payments. The lease in which a monthly rental fee plus turnover tax is agreed, still not enough for the input tax deduction.
Even with a continuous power, such as the rental of commercial premises, a part service is provided every month. A proper accounting for the monthly rental power exists only if the lease is supplemented by monthly payroll documents, such as through bank documents or monthly payment. Especially for irregular payments of lease to written documents needs to be supplemented, from which can be easily and clearly the temporal range of rental performance results. The stubs, no tax may be deducted. A summary list of the lessor of the rent to be paid in one year is not enough. The deduction is, however, not at risk when in a payment document VAT is not openly expressed. Note: Please make sure all your incoming and outgoing invoices if the particulars are fully included.
Only to avoid unnecessary accounting corrections, legwork, as well as disputes with their customers and the IRS.