The standard rate of VAT is 20%, the reduced rate is 9% and 0% in some cases.
The taxable period is one calendar month, and VAT returns must be submitted to the tax authority by the 20th day of the month following the taxable period.
Usually, Tax and Customs Board will register with the VAT for those companies that engage in economic activities or prove their commencement (§ 20 (4) of the Value Added Tax Act).
As a result, the registration of non-operating ready-made companies is usually not possible for the sale of companies by sellers of the companies.
It is possible to buy formerly operating companies, including VAT registered companies. In this case, the registration of the company as a VAT taxpayer will be retained.