Opinion
PhilStar Global on MSNOpinion

A more prudent approach in apportioning input VAT attributable to zero-rated sales

When have you made the right choice by deviating from a longstanding practice? This may be challenging but rewarding if guided by the right principles. Undeniably, this holds true in tax cases decided ...
아시아경제

Supreme Court Rules "Input Tax Deduction Required When VAT Paid Due to Mutual Mistake Is Refunded"

When a local government enters into a service contract without knowing that the service is exempt from value-added tax (VAT) and determines and pays the service fee including VAT, the Supreme Court ...
BusinessMirror

Refund: Substantiation of unutilized input VAT no more

For many years now, the right of taxpayers to claim for value added tax refund has been constrained and limited. The Court of Tax Appeals (CTA) has been consistent with its stand that in a claim for ...
BusinessMirror

New VAT rules on RBE local sales

Under the CREATE MORE Act (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating ...
Al Bawaba News

Input Value Added Tax Deduction Forms the Core Aspect of VAT in Kingdom of 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 areas. In ...
standardmedia.co.ke

Proposed changes on VAT Act make it hard to claim input tax

The Finance Bill 2020 has proposed to amend Section 17 (2) of the VAT Act, 2013, to include a provision that requires taxpayers to claim input tax in their VAT returns on condition that providers of ...
中国日报网

Tax Reduction Effect of VAT for Business Tax across the Board: An Analysis Based on Input-Output Table(No.73, 2016)

Abstract: Since May 1, 2016, the pilot program of value-added tax (VAT) replacing business tax has been advanced across the board. This round of tax reform has witnessed quite different effects in ...