do we have to charge vat on commission income? its an other income to us.

asked May 7 in VAT by Chamari Perera
we have rented some part of our floor area to a spectacles shop. we are going to charge a commission on their spectacles sales (some % of their sale as our commission) our main business is something else and we are VAT registered.
do we have to issue tax invoices to above spectacle shop for that commission??

1 Answer

0 votes
answered May 7 by RizviM (260 points)
Yes you need to issue a VAT invoice.
...