The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...
This article compares China's New VAT Law with current regulations across six aspects to help businesses navigate the ...
Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...
The UAE government has taken steps to move towards a fully digitized tax system by adopting E-Invoices. The E-invoicing ...
Aleksandra Bal covers indirect tax and technology developments. Current regulations do not require platforms to collect VAT on ... a flat-rate credit approximating the recoverable input tax.
The Finance Bill 2020 has proposed to amend Section 17 (2) of the VAT Act, 2013, to include a provision that requires taxpayers to claim input tax in their ... of the VAA without taking into ...
is subject to input tax deduction restrictions. The BFH further clarified that the non-business segment of a controlling company falls within the scope of the VAT group. Consequently, services ...
Qualified enterprises will also enjoy a one-off refund of their remaining VAT credit in turn, following a timeline specified by the tax authorities. Input VAT is the VAT amount paid by the ...
Only 3- to 5-star hotels will remain under the 15 percent VAT rate as they claim the input tax credit. "We will issue an order in this regard soon," he said. The move follows mounting pressure ...