Guidelines on Value Added Tax (VAT) in the Tourism Industry
Service provider:
These guidelines aim to clarify the rules that apply to value added tax (VAT) on tourism and other travel-related services. Such services include, for example, accommodation, the sale of food and beverages, and passenger transport.
8 Revenue recording and accounting
Revenue recording by entities subject to accounting obligations must be based on a clear and reliable system that ensures all income can be verified as being properly recorded. All entities subject to accounting obligations must maintain accounting records and organize entries, accounting books, and chart of accounts in accordance with the Accounting Act.