Entrepreneurs must know about tax invoices in special relationship transactions, especially if you currently have a special relationship. However, if you are not, you also need to know it because who knows in the future you will have many companies. Surely you want to have many companies right? Apart from that, if you require professionals to manage your bookkeeping and invoices, perhaps you must hire the most trusted xero bookkeeping services in your city.
Well, here is a review of tax invoices in special relationship transactions.
Terms of Special Transaction Transactions
Before discussing anything else, do you know what is considered a special relationship? A special relationship can occur if it includes the following three things:
Entrepreneurs who have direct or indirect capital participation of 25% or more to other entrepreneurs, or the relationship between employers and 25% participation in two or more entrepreneurs, as well as if there is a relationship between the two entrepreneurs or the latter mentioned.
Entrepreneurs control other entrepreneurs or two or more entrepreneurs are under the control of the same entrepreneur, both directly and indirectly.
There is a family relationship either blood or a fine in a straight line one degree and/or to one side.
Special Relationship of Taxable Entrepreneurs
Because it relates to tax invoices, the treatment of this special relationship is related to PKP or taxable entrepreneurs. Special relationships between taxable entrepreneurs and those who receive taxable goods or services can occur due to various causes such as ownership, participation, or because of the mastery of management or use of technology.
The existence of this special relationship can cause several consequences, for example, prices that are cheaper or lower. However, you may not use this price. If the price is influenced by a special relationship, then the selling price calculated is the fair market price of taxable goods or services subject to tax when the transaction occurs. The definition of own selling price according to Article 1 of the Value Added Tax (VAT) Law is the fee requested or should be requested. So, according to the regulations, the prices listed are the prices that should not be the price of the agreement.