The Presidential Fiscal Policy and Tax Reforms Committee has said new tax laws will reduce costs for airline operators, ...

Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says businesses will be eligible to claim about N3.4 trillion in input tax credits under Nigeria’s new tax laws.

Businesses often forgo input VAT credit if the purchase/expense invoice is more than 6 months old (or, 2 months in the case of monthly tax periods). Needless to say, such a tax position results in a ...

The legal provisions on refunding input value-added tax (VAT) upon dissolution of the company or upon the change of VAT status was unaffected by the TRAIN law. However, the TRAIN implementing ...

A new principle in relation to the value-added tax (VAT) refund system is emerging to the effect that only input taxes directly attributable to the zero-rated sales may be the subject of a claim for ...

THE Philippine Congress on May 24, 2005, enacted into law the Value Added Tax Reform Act otherwise known as Republic Act No. (RA) 9337, which eventually became effective on Nov. 1, 2005. The validity ...

Manama, Bahrain: Value Added Tax (VAT) has been implemented in in the Kingdom of Bahrain from 1 January 2019. This tax regime differs from corresponding legislation in UAE and Saudi Arabia in some key ...

Following the announcements made in the annual Work Report delivered at the Two Sessions, the Ministry of Finance, State Taxation Administration, and General Administration of Customs have jointly ...