VAT control

Quelle: https://ec.europa.eu/taxation_customs/business/vat-control_en

An official process conducted by tax authorities to examine and verify a business's handling of value-added tax (VAT) obligations, ensuring correct collection, reporting, and remittance of VAT, and compliance with related rules such as input tax deduction and filing deadlines.

Related Terms

You might also be interested in these terms

FOD Control

A set of procedures, practices and controls designed to prevent the introduction, presence, and accumulation of foreign object debris in facilities, e...

Learn more

Key Control

A system of processes and procedures for issuing, recording, using, and returning physical keys to access facilities, equipment, or vehicles, with the...

Learn more

control hit

A positive finding in a control or verification process indicating that the checked data or item matches the defined criteria.

Learn more

WIP Control

WIP Control refers to the continuous monitoring and management of work in process items within the production or supply chain, aiming to reduce invent...

Learn more

VAT control report

A document prepared by a business to verify and document compliance with value-added tax (VAT) regulations; used for internal control and preparation ...

Learn more

IAEA control

IAEA control refers to the measures by the International Atomic Energy Agency to monitor and verify compliance with non-proliferation and safety oblig...

Learn more