TEMPO.CO, Jakarta - Some countries around the world rely on taxation as their primary source of revenue. Take the United Kingdom (U.K.) as an example. According to IFS TaxLAB, the government collects ...

Following is a briefing of VAT under China's tax system from China's Ministry of Finance for your reference. China started to implement VAT in 1984 on 24 specified taxable items. In 1994, ...

BUSINESSES and enterprises the world over have been hard hit by the Covid-19 pandemic. Since the outbreak, the United Arab Emirates has taken a series of measures to help alleviate the fallout on the ...

Dubai: As part of its efforts improve awareness on VAT implementation PwC recently put out a publication providing a general overview of how VAT works and the related operational considerations in ...

I just started selling package holidays and know they attract VAT. Unfortunately, the official VAT Guidelines booklet does not explain the PRACTICAL aspects of VAT reporting. For Tour Operators that ...