How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs
While a sales tax is paid in full by the consumer at the point of sale, a value-added tax is collected as the product moves ...
Serinus Energy shares surge after Romanian tax litigation win
(Alliance News) - Serinus Energy PLC announced on Friday it had won a value-added tax refund litigation case in Romania. Shares in Serinus Energy were up 27% at 3.04 pence in London on Friday morning.
VAT Vs. Sales Tax: What We Know As Trump Signs Reciprocal Tariffs
VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to ...
Bizcommunity1d
How VAT registration delays are costing the economy and what Sars should do about it
South Africa’s fiscus needs every rand in tax revenue it can get, but potentially lucrative revenue streams are out of reach ...
accountingweb.co.uk3d
Food business couldn’t make its VAT appeal fly
The Jerk Yard Limited operated mobile food stands at festivals. While preparing the accounts in October 2022, its accountant ...
internationaltaxreview3d
Romania: Roche’s €12m VAT refund sets precedent for pharmaceutical clawbacks
The decision’s implications for pharmaceutical firms seeking to recover overpaid taxes on clawback payments are considered by ...
philstar.com5d
A look back: A company’s claim for input VAT
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 ...
JD Supra9d
China - VAT: China's New VAT Law - Monthly Indirect Tax Alert – January 2025
The new VAT law introduces several key changes including the scope of taxable transactions, clarification of "deemed sales", non-taxable items, ...
BusinessMirror10d
SC rules on VAT-refund claim period, clearing 2014 CTA case
THE Supreme Court (SC) has issued a decision clarifying the prescriptive periods for filing value-added tax (VAT) refund claims with the Commissioner of Internal Revenue (CIR). In a decision penned by ...
BusinessWorld10d
SC rules in favor of shipping firm in VAT case
THE Supreme Court (SC) ruled in favor of Dohle Shipmanagement Philippines Corp. (Dohle) in a value-added tax (VAT) case, in which it clarified the prescriptive periods for filing VAT refund claims ...
GMA Network10d
Supreme Court clarifies period for VAT refund claims
The Supreme Court (SC) has clarified the prescriptive periods for value-added tax (VAT) refund claims. In a 21-page decision, ...
philstar.com10d
SC defines VAT refund rules, favors Doehle Shipmanagement
The Supreme Court has handed a victory to Doehle Shipmanagement Philippines Corp. in a dispute over unutilized input ...