Determining the amount to pay or refund
The result of the settlement of the Value Added Tax in the simplified regime is determined at the end of each year. However, the businessman or professional will make a deposit on account on a quarterly basis.
In general, the settlement of the Value Added Tax for the performance of each activity covered by the simplified regime will result from the difference between "fees accrued for current operations" and "fees borne by current operations", relating to said activity, with a minimum amount of fee to be paid, which will be determined for each activity by the Order approving the indices and modules for that year.