For sole proprietors

As of the date of registration for VAT, persons have to perform the obligations of a person liable to VAT, including to:

• add the amount of value added tax to the taxable value of the goods transferred or services provided;
• submit a value added tax return and its annex (§ 27 of the VAT Act);
• calculate the amount of value added tax due ( § 29 of the VAT Act);
• pay value added tax ( § 38 of the VAT Act);
• maintain records and keep accounts ( § 36 of the VAT Act);
• issuing invoices in accordance with the requirements of  § 37 of the VAT Act.