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The much-anticipated amendments to the regulations for purposes of the definition of 'electronic services' in section 1 of the VAT Act, No. 89 of 1991 ('VAT Act') have been released [...]

National Treasury published a draft amendment to the Domestic Reverse Charge ('DRC') Regulations on Valuable Metal on 1 August 2024, which will result in many (gold) mining title holders to [...]

The Government of Saudi Arabia has announced significant proposed reforms to its VAT law, including changes to export of services, VAT grouping, refund processes, and the introduction of a tourist [...]

Introduction In a recent judgment, Indian Overseas Bank vs. Deputy Commissioner of State Tax & Ors.1, the High Court of Bombay (Court), interpreted Section 26-E of the Securitisation and Reconstruction [...]

Riga: Riga Municipality, Latvia has issued the following news release: If a real estate tax (VAT) taxpayer in Riga who meets the conditions for receiving benefits, but has not registered [...]

VAT Refund in Turkey for Business: A Complete Guide In Turkey, Value Added Tax (VAT) is one of the most significant taxes for businesses. As a consumption tax applied at [...]

Based on published finalized version of the Swiss VAT ordinance, entering into force as of 1 January 2025, the Swiss Federal Tax Administration (SFTA) has published its draft guidance on [...]

The Labour Party has confirmed its intention, if elected, to levy 20% VAT on independent school fees. Few schools are likely to be able to absorb this additional expense. With [...]

Byline: Ayodeji Adegboyega Finance minister Wale Edun says claims by Atiku and other critics on VAT are false. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, [...]

Byline: Ayodeji Adegboyega Finance minister Wale Edun says claims by Atiku and other critics on VAT are false and unwarranted. The Minister of Finance and Coordinating Minister of the Economy, [...]

VAT in Turkey: A Comprehensive Guide Value Added Tax (VAT) is a key aspect of Turkey's tax system, affecting businesses and consumers alike. Understanding how VAT operates in Turkey is [...]

Changes on the applicable VAT rate relating to primary residence in Cyprus were introduced in June 2023 with Law 42(I)/2023 and in April 2024 with Law 55(I)/2024. Specifically, Law 42(I)/2023 [...]

There may be a time when a company decides it needs to raise capital. This could be for a variety of reasons, such as to finance a new business venture [...]

On 1 August 2024 National Treasury and the South African Revenue Service (SARS) released the draft Taxation Laws Amendment Bill, draft Revenue Laws Amendment Bill, draft Tax Administration Laws Amendment [...]

London: UK Government has issued the following news release: Manufacturer HMRC do not prescribe the records that a manufacturer should maintain, but they should be sufficient to enable HMRC to [...]

London: UK Government has issued the following news release: Regulation 38 requires businesses to adjust their VAT account where there has been a change in the value of the consideration [...]

London: UK Government has issued the following news release: Regulation 38ZA modifies Regulation 38(2) to explicitly include the Elida promotional refunds and reimbursements and also refunds where the manufacturer makes [...]

The telecommunications sector is a cornerstone of the modern economy, playing a significant role in the growth of digital communication and the provision of diverse services to both individuals and [...]

London: UK Government has issued the following news release: VAT Act 1994, section 5(2)(b) The VAT Act defines a supply of services as: anything which is not a supply of [...]

London: UK Government has issued the following news release: Transactions which are not supplies A transaction will not be a supply for VAT purposes in the following cases. A transaction [...]

London: UK Government has issued the following news release: The first condition that a transaction must meet to fall within the scope of VAT is that it is a supply [...]