Proportion of deductible input VAT relating to mixed used buildings is generally determined based on an area based allocation formula. With judgment dated 7 May 2014 (V R 1/10), the Federal Fiscal ...

London’s Hippodrome Casino failed to overturn a VAT ruling against HMRC over the method used to calculate tax recovery for ...

The VAT Flat Rate Scheme makes bookkeeping easier by allowing you to pay a fixed percentage of your VAT-inclusive turnover to HMRC, rather than having to calculate VAT on each tra ...

Average product measures your productivity with a particular number of workers. To calculate the average product, you need the total product. For example, the total product for a factory might be the ...

Seven years after relevant judgments from the CJEU, the Belgian VAT authorities now (broadly) allow the recovery of input VAT beyond the standard Belgian limitation period of three years, subject ...

Businesses in China can continue to claim input VAT credits for domestic transport expenses incurred by its contracted employees, including dispatched staff. General VAT taxpayers will also be allowed ...

Oman was the fourth Gulf State to introduce VAT after Saudi Arabia, the UAE, and Bahrain Also In This Package UAE: Money ‘rules of thumb’ you always need to know 7 common misconceptions about credit ...

The House of Representatives Public Accounts Committee has directed Guaranty Trust Bank to calculate and remit the Value Added Tax on the commission received from Remita transactions between 2015 and ...