Split Payment VAT
Obligation to Use the Split Payment Mechanism
For transactions subject to the split payment mechanism (in accordance with applicable legal regulations, particularly the VAT Act), payment for the order may be processed using the Split Payment system. The split payment mechanism applies only to transactions between businesses (B2B) and covers goods and services listed in Annex No. 15 to the VAT Act.
Processing Payments in the Split Payment System
Payment using the split payment mechanism is made via bank transfer to the seller's designated bank account, where the net amount is credited to the main account, and the VAT amount to a dedicated VAT account. The customer making the payment must include the invoice number in the transfer title and select the “Split Payment Mechanism” option in the bank transfer form. If another form of payment is chosen, the split payment mechanism may not be available, and the customer is responsible for correctly settling VAT according to the applicable regulations.
Restrictions and Consequences of Incorrect Payment
If payment is made incorrectly (e.g., the full amount sent to the main account instead of split), Masterprint-24 reserves the right to withhold order processing until the funds are correctly posted. If the customer fails to comply with the split payment obligation, they may face tax consequences under the VAT Act.
Voluntary Use of Split Payment
For orders not subject to the mandatory split payment mechanism, the customer may voluntarily use this payment method after prior arrangement with Masterprint-24. Choosing voluntary split payment does not affect the order fulfillment terms unless otherwise agreed by the parties.
Bank Transfer Details
All split payments must be made to the Masterprint-24 bank account indicated on the invoice. In case of doubts regarding correct payment processing, the customer should contact the Masterprint-24 customer service department.
