US Edition
Not only Are the Withholdings: the State Retains About $700 Million to the Agricultural Companies in Terms of Technical Balances of Vat
Summary by Bichos De Campo
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1 Articles
In many cases, agricultural entrepreneurs are not clear that the State is their main debtor: it is sufficient to verify in their affidavits the amounts of the balances in favour of the Value Added Tax (VAT). Technical balances arise from the difference between the VAT paid for the purchase of inputs, services or investments necessary for production and that charged at the time of selling the grains. The producer pays 24 per cent of when he contr…
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