Activities exempt from VAT
Posted: Sun Dec 22, 2024 5:33 am
There are a number of activities that are exempt from VAT , meaning that the service provider does not have to pass on the tax to the recipient. These activities are:
Teaching services provided by public or private entities authorized by the State, the Autonomous Communities or other public entities.
The education of children and youth, up to university and graduate levels.
Language teaching.
Training and professional retraining.
Assistance to individuals by medical professionals and health services.
Professional services (individuals) provided by visual artists, writers, composers, translators, etc.
Operations and provision of services relating to insurance, reinsurance and capitalization.
Mediation services taiwan mobile number provided to individuals in various exempt financial transactions.
Intervention services provided by public notaries in exempt financial transactions.
The leasing of housing and the delivery of rustic and non-building land, as well as second and subsequent deliveries of buildings.
The delivery of postage stamps and stamped legal tender instruments.
Summary
1. VAT is a tax that taxes the consumption of goods or services.
Every consumer transaction of any kind, whether it involves goods or services, is taxed: buying food, going to the hairdresser, buying train tickets, renting a car, booking a hotel stay, the services of a lawyer, the list could be endless.
2. Requires the intervention of a business owner or professional.
Only those who carry out an activity as a business owner or self-employed professional, and are registered with the Treasury as such, become taxable persons and can (and must) charge VAT on the goods they deliver or the services they provide.
Teaching services provided by public or private entities authorized by the State, the Autonomous Communities or other public entities.
The education of children and youth, up to university and graduate levels.
Language teaching.
Training and professional retraining.
Assistance to individuals by medical professionals and health services.
Professional services (individuals) provided by visual artists, writers, composers, translators, etc.
Operations and provision of services relating to insurance, reinsurance and capitalization.
Mediation services taiwan mobile number provided to individuals in various exempt financial transactions.
Intervention services provided by public notaries in exempt financial transactions.
The leasing of housing and the delivery of rustic and non-building land, as well as second and subsequent deliveries of buildings.
The delivery of postage stamps and stamped legal tender instruments.
Summary
1. VAT is a tax that taxes the consumption of goods or services.
Every consumer transaction of any kind, whether it involves goods or services, is taxed: buying food, going to the hairdresser, buying train tickets, renting a car, booking a hotel stay, the services of a lawyer, the list could be endless.
2. Requires the intervention of a business owner or professional.
Only those who carry out an activity as a business owner or self-employed professional, and are registered with the Treasury as such, become taxable persons and can (and must) charge VAT on the goods they deliver or the services they provide.