Settlor – a person establishing a trust by concluding a trust agreement. A settlor undertakes to grant their property for the disposal of a trustee, who disposes of it to the benefit of beneficiaries indicated by the settlor.
What does the yearly settlement of VAT tax look like?
With the inclusion of local differences in the country, the value added tax is an indirect tax, which charges the end customer in the final settlement. The VAT tax is included in the price of a good or service by the salesperson, who is taxed with VAT. The VAT is paid by the traders from the received revenue (sales).