3 ms·
VAT is out of equation as it is goes down the flow and is actually paid by end customer only, not the business, not the contractor. Also there are multiple way
by ponector 2y ago
VAT is out of equation as it is goes down the flow and is actually paid by end customer only, not the business, not the contractor.
Also there are multiple ways to decrease taxation, to write down expenses as cost of business, etc.
To be contractor is much better, unless you don't want to do any work, just to attend the office.
- user32489318 2y agoThe contractor is at the end of the chain, hence is the one paying the VAT. You’re right that there’re measures to reduce the tax load. At the end of the day, any company expense will also cut into the profit/ margin of the contractor. There’re various laws in place to tax anything company acquired that can be used personally. Great example is the car and real estate taxation. The largest component of the equation is the pension/retirement finances. This is tricky to get right