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Important! The manager will not be considered an active VAT payer provided that all three conditions are met. Failure to meet one of them means that he or she acts as an active VAT payer Check also: A template of a management contract in a limited liability company - you can download here . Summary An agreement concluded on the basis of a management contract has not been specifically defined in any regulation. As a rule, under the PIT Act, it is classified as an activity performed personally and its settlement is regulated by the same regulations as for a mandate contract.
However, it must be remembered that the scope of rights and competences of a manager goes far beyond the scope of activities philippines photo editor performed under a typical mandate contract. Today's publication analyzes the settlement of the manager's contract in terms of PIT, ZUS and VAT. The least doubts arise regarding income tax, as income from such a contract is settled in the same way as from a mandate contract. As far as ZUS is concerned.
A detailed analysis should be helpful in determining how to settle the contract, depending on whether it is part of business activity or outside the business activity and when the insurance titles coincide. A separate issue requiring discussion was VAT taxation. Here, we were helped by the general interpretation of the Ministry of Finance, which clarified when a manager will be treated as an active VAT payer. Three conditions have been described, the fulfillment of which means that the manager does not act as an active VAT payer.
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