VAT terms


This should be another proposal for this general election, for sure it is a plus to all self employed and SME`s and will surely contribute to the economy.

In many cases, due to high competition, SME`s need to give their clients credit terms, normally this is done to trusted companies. This is creating lack of cash flow which makes their business difficult to move forward. SME`s, especially start ups are paying their VAT term upon issuing the invoices, VAT should be paid on cash bases, same as people with other professions do. This will surely give a boost to the small and medium enterprise hence will generate more business to the economy.

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