VAT stands for added -value tax. This tax is levied on goods and services in republic of Benin. It is indirectly collected from taxpayers .In fact the amount prices of goods and services ares levied. As result, each time, the consumers purchase goods or services they knowingly or unknowingly pay for it. The tax rate in Benin is 18% of amount price of sold goods and services. Between the office tax and consumers we have an enterprise wich is legally established,and appointed to collect this tax for Government. While the enterprise sells its goods and services,the accountant has to state separately or not the amount of VAT on invoice from the price out of tax.In fact the right of deduction is obtained according to the invoice format.since an entreprise used to collect tax to Governement its also gets right to deduct a part of its tax collected.the deductible part is just concerned some payable invoices which ares legually established.what ares the compulsory mentions wich shal...
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