Attention Entrepreneurs Making Payments Abroad with Business Cards!
According to Article 169.3 of the Tax Code, if services or work are purchased from a non-resident via electronic commerce, an 18% VAT must be calculated on the payment amount and paid to the state budget.
For instance, when a payment is made via a debit card, it is treated as a transaction by an individual, and the bank automatically withholds the 18% VAT and transfers it to the state budget. However, when a business card is used, the VAT is not withheld, since the business card is tied to the entrepreneur’s account. Therefore, the responsibility to pay the 18% VAT falls directly on the entrepreneur and must be remitted to the state budget in accordance with the regulations.
We recommend that you take this into account to fulfill your financial obligations accurately and on time.
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