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The applicable VAT in catering | Corner entrepreneurs
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The restaurant business is characterized by the existence of several VAT rates in sales of beverages and food products. VAT in catering: beverage sales sales of alcoholic beverages are taxable to VAT at the rate of 20%, sales of soft drinks for immediate consumption are taxable to VAT at the rate of 10%, and sales of soft drinks in containers for preservation, as bottles and cans, are taxable to VAT at the rate of 5.5%. This does not include the restoration as drinks are consumed immediately. VAT in catering: sales of food products
The reduced VAT rate of 5.5% applies only to food products whose consumption is not immediate, which is not the case in the restoration. Other comments on VAT in catering
It is necessary to break down the different categories of products invoiced in the rate of VAT applicable to them. When ventilation is not performed, amarak the total bill is subject to the higher rate of VAT.
During the establishment of the VAT return of the restaurant business, so it should: declare the revenue collected during the period reported, and ensure properly ventilate the turnover per VAT rate. Recovery of input VAT
The catering company recover amarak VAT on expenditure supporting it and allowing the deduction all: purchases of beverages, food, rental of premises, equipment rental ...
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