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 ...
BusinessWorld1mon
Here comes the VAT refund for tourists
2025 has finally rolled in and social media posts about the possible long weekends throughout the year brought about by the declared regular and special non-working holidays are all over the place. Of ...
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 ...
Bizcommunity.com on MSN1d
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 ...
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, ...
Trinidad Express Newspapers1mon
Delays to VAT refunds until Jan 31
A DROP in the revenue expected from the energy sector hindered the Government’s ability to pay Value Added Tax (VAT) refunds owed to Small and Medium-Sized Enterprises, Finance Minister Colm ...
accountingweb.co.uk2d
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 ...
manilatimes9d
SC clarifies deadlines for claiming VAT refunds
THE Supreme Court has provided further clarification on the deadlines for filing a claim for Value-Added Tax (VAT) refund ...
manilastandard10d
SC clarifies VAT refund deadlines
The Supreme Court on Wednesday clarified the prescriptive periods for filing value-added tax (VAT) refund claims with the Commissioner of Internal Revenue ...
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 ...
China Briefing2d
Unlocking China’s New VAT Law: Key Changes, Business Impacts, and Compliance Tips
This article compares China's New VAT Law with current regulations across six aspects to help businesses navigate the ...