Registration of related person
The registration of related person provides two or several persons registered for VAT purposes to be declared as one person subject of VAT taxation i.e. as one taxpayer for VAT and will be treated as any other separate person registered for VAT purposes.
Conditions for registration of related person
In order to register a related person, the following conditions must be met:
- the persons to be registered for VAT purposes;
- persons do not exceed 40% of the total turnover in the previous year, in name of turnover exempt of taxation without right of exemption; and
- there should be organizational, ownership and managerial connection between persons.
