China tax brief for March 2025, we spotlight policies and measures just announced or scheduled for implementation.

When he unveiled his worldwide tariffs last week, President Trump blamed “exorbitant VAT taxes” among the factors for America’s yawning trade deficit. The president and his advisers claim ...

However, it’s worth understanding who pays VAT, how VAT contributes to total tax revenue, and how you as a small business can manage this change. Value Added Tax (VAT) is a consumption tax ...

With VAT, the new business has to reach a certain threshold - of Dh375,000 in sales - for a registration. On corporate tax, it’s as immediate as it gets. Foreign companies with a ‘place of ...

A tax system should not only focus on revenue collection but also on creating an environment where businesses can thrive. Resolving VAT refund issues will unlock business potential, strengthen ...

The FTA announcement reiterated that if a natural person conducts a business or ... to submit his or her tax registration application within the specified period, an administrative fine of AED10,000 ...

Selling a business is a key moment and may be an event you’ve been working toward for a long time. That said, without proper tax planning, you could lose a significant portion of your profits to ...

ICAEW Technical Manager for Tax, Stephen Relf, warns that these adjustments will have a notable impact on employers, landlords, and business owners ... Importantly, no changes will be made to VAT ...

General and specific time of supply rules govern when a supply of goods or services is deemed to take place (section 9 of the Value-Added Tax Act – VAT Act). Generally, supplies of goods or services ...

The value-added tax (VAT ... Is the VAT increase a solution or just a short-term fix? Dr Velenkosini Matsebula, a senior lecturer in development finance at Stellenbosch Business School said ...

MANILA, Philippines — An association of retailers is urging the government to impose value-added tax (VAT) on physical goods sold on e-commerce platforms like Lazada, Tiktok and Shopee to level ...