The Duties of Vat Taxpayers

Abstract

The basic duty of VAT taxpayers is to calculate and pay some definite sums of money in the appointed period without being summoned by the Revenue Office. This procedure is not reserved only for VAT but concerns all taxpayers whose tax liability is due to circumstances defined by the law. Therefore the paper discusses only those tax payer's duties which are characteristic of goods and services tax. These have been set out here as follows: a duty to present a bill, to keep records, and to make out invoices and simplified bills. The presentation of the above liabilities includes both the model o f tax payers’ fair dealings, as well as sanctions for failing to abide by the rules o f the law.