VAT and Negometal

Tax at the expense of the final consumer, the VAT is collected by the sales of the companies then returned to the tax administration after reduction of the recoverable VAT on the purchase invoices.

To be deductible, the “materialization” of VAT must comply with certain formal requirements on the supplier’s invoice. Otherwise, VAT will not be recoverable and the invoice will record the amount inclusive of VAT.

Moreover, to be recoverable, the VAT must be linked to a necessary expenditure incurred in the interest of exploitation.

Warning! There are some cases where VAT is not deductible.*

Do you know that …?

You can entrust us with your activity invoices so that we recover your VAT as soon as possible from the 28 EU Member States, as well as in Switzerland and Norway?

In addition, and in order to optimize your cash flow, with Net Invoicing, you don’t pay VAT on Negometal invoices.

*In which cases VAT can’t be recovered?

– On housing expenses incurred for the benefit of the directors or employees of a company,

– On transport services of people whatever the means used (taxi, train, plane, metro …),

– Expenditure on the acquisition, rental or maintenance of passenger vehicles.

Discover all our services to simplify your life and lighten your paperwork on: www.negometal.com