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Our tax laws are significantly evolving. Our government is trying and continuing to develop and improve our system in taxation as the tax system and tax administration play a key [...]

THE Bureau of Internal Revenue (BIR) clarified that all required documents must be submitted for value-added tax (VAT) refund claims, regardless of the taxpayer's risk level. Under Revenue Memorandum Order [...]

THE Department of Justice (DOJ) has opined that the 20-percent discount and value added-tax (VAT) exemption on food purchases from restaurants of persons with disability (PWDs) should apply even on [...]

Byline: TIOL News Service 2024-TIOL-1878-HC-MUM-VAT IN THE HIGH COURT OF BOMBAY Writ Petition No. 11914 of 2023 1) M/s SOREMARTEC S A LUXEMBOURG, A COMPANY INCORPORATED UNDER THE LAWS OF [...]

London: UK Government has issued the following news release: Please note that the following material is not a full summary of the case - it merely highlights the principle referred [...]

Riga, Latvia: The Government of Latvia has issued the following news release: It is planned to maintain the reduced value added tax (VAT) rate of 12 percent for fresh fruits, [...]

The UAE VAT Law has been amended through Federal Decree Law No. 16 of 2024 published on September 30, 2024 in the Gazette. Five articles of the UAE VAT law [...]

Companies with excess cash often engage in various lending and funding activities to enhance their returns. In Vietnam, while such financial activities are widespread, the Value Added Tax (VAT) treatment [...]

Boating declaration in Italy: all about Italian tax regulations and tax obligations for non-resident foreigners. Find out everything by reading this article. Boating declaration in Italy: what is the boating [...]

1) What taxes are due during bankruptcy proceedings? In the course of bankruptcy proceedings, the taxpayer may incur tax obligations for the payment of corporate income tax (hereinafter - 'CIT') [...]

Loyens & Loeff New York regularly posts 'Snippets' on a range of EU tax and legal topics. This Snippet focuses on Luxembourg Value Added Tax ('𝐕𝐀𝐓') attention points when US [...]

There is lots going on as we start the new academic year. Let's take a look at a few of the new and old challenges facing schools and universities. VAT [...]

Lithuania: The Supreme Administrative Court of Lithuania has issued the following news release: The extended panel of judges of the Supreme Administrative Court of Lithuania (LVAT) approved the applicant's obligation [...]

The Federal Tax Authority (FTA) has introduced significant amendments to the UAE Value Added Tax (VAT) Executive Regulations effective 15 November 2024. Whilst there have been earlier updates to the [...]

Edible oils in Egypt play a vital role in the daily diet, being essential for cooking and the production of various food products, making them indispensable. Egypt heavily relies on [...]

Byline: TIOL News Service 2024-TIOL-1794-HC-MUM-VAT IN THE HIGH COURT OF BOMBAY Writ Petition No.11929 of 2023 1) M/s SOREMARTEC S A LUXEMBOURG A COMPANY INCORPORATED UNDER THE LAWS OF LUXEMBOURG [...]

Introduction There is a current shift in the tax administration system in Nigeria which is observed in the promulgation and reform of existing regulations in recent months. Some of these [...]

Overview On 2 October 2024 the UAE's Federal Tax Authority (FTA) published an amended version of the VAT Executive Regulations which incorporates changes introduced by Cabinet Decision No. (100) 2024. [...]

The Value Added Tax (VAT) (Modification) Order, 2024 ('the Order') was signed on 1 September 2024, by the Honorable Minister of Finance and Coordinating Minister of the Economy (the Minister), [...]

Introduction On 3 rd September 2024, the Federal Government of Nigeria (FGN) issued the Value Added Tax (Modification) Order, 2024 (the Order), in its Official Gazette No. 149, Vol. 111 [...]

On 12 September 2024, the Court of Justice of the European Union (CJEU) condemned Belgium for having incorrectly transposed the VAT Directive with regard to the Belgian VAT adjustment rules [...]

PROEM The President of Nigeria is empowered to exercise certain powers by virtue of clear provisions of the Nigerian Constitution (the 'Constitution' as amended) and certain other pieces of legislation. [...]

Riga, Latvia: The Government of Latvia has issued the following news release: On Tuesday, October 8, the government approved amendments to the Value Added Tax (VAT) Law to further reduce [...]

This note is intended for individuals who would like to understand more about how they could help family members who might be facing a sudden increase in school fees. What [...]

AFRICA: Position of various countries on signature of the Multilateral Instrument to Implement Subject to Tax Rule (STTR MLI) Following the signing of the Multilateral Convention to Facilitate the Implementation [...]

As part of its ongoing efforts to clarify and improve the VAT framework, the United Arab Emirates (UAE) Cabinet issued Decision No. 100 of 2024 dated 6 September 2024 amending [...]

The UAE's recent update to its Value-Added Tax (VAT) Executive Regulation under Federal Decree-Law No. 8 of 2017 introduces several significant changes that businesses across various sectors must pay attention [...]

Summary of VAT Exemption Foreign nationals residing outside Türkiye benefit from VAT exemption when purchasing residential units or workplaces in Türkiye, provided that it is the first delivery. Funds should [...]

Electronic services can encompass a diverse range of offerings, including website supply, web hosting, remote maintenance of software and hardware, software supply and updates, supply of images, text, and information, [...]

I. VIETNAM'S TAXATION SYSTEM 1. Corporate Income Tax (CIT) Vietnam's Corporate Income Tax (CIT) is a central component of its tax system, levied on the profits of enterprises. The standard [...]

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, [...]