How do I declare net operating income in my EÜR for print on demand?
Hi,
When I buy a T-shirt from my print-on-demand "provider," the initial price includes 19% sales tax. I then resell the T-shirt for a higher price. For example, if I buy a T-shirt for €15 including VAT and resell it for €20, I make a profit of €5. So, VAT isn't due again on the second sale, is it? And what do I enter for net operating income in the EÜR?
Or am I mistakenly assuming that I pay the VAT directly on my first purchase?
I am grateful for any help
(1 votes)
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When shopping:
For sale:
The inflow and outflow principle according to 11tG applies.
In this case, both must be entered in the operating income because you first get the money:
How do you get the wrong idea, the second sale is not VAT due?
are you small entrepreneurs according to § 19 UStG?
at JEDEM purchase you pay VAT (except supplier is small business operator according to § 19 UStG).
had misunderstood thank you