A new value-added tax (VAT) return (form for declaring sales, turnover and other liabilities) would replace the existing combined sales tax and federal excise return from July 1, 2010 under the ...

Republic Act (RA) No. 10963 or the TRAIN Law introduced several major revisions to the National Internal Revenue Code (Tax Code) of 1997. While the law became effective on Jan. 1, 2018, some changes ...

VAT Return/Tax Return is a periodical statement which summarizes the value of the supplies and purchases made by a taxable person during the tax period. It shows the taxable person’s VAT liability i.e ...

The way HMRC collects VAT from construction firms has changed. On 1 March 2021, the VAT reverse charge for building and construction services came into force. The aim is to tackle VAT fraud in the ...

Algirdas Šemeta, the European commissioner in charge of taxation, has proposed a uniform VAT return, in a move to simplify EU law. As part of the EU's end-of-term push to cut red-tape for businesses ...

Here are the steps you need to know to get VAT refunded Dubai: When a company files its tax returns, it is required to list the details of sales, purchases output VAT, and input VAT paid over the past ...

A salient feature of the VAT system is its ability and promptness in making refunds as and when due. Refund here does not necessarily mean direct cash payment as further explained in paragraph 4 below ...