While the United States imposes a retail sales tax, many countries across the globe impose a value-added tax. VAT is similar to the retail sales tax, but it is imposed at every stage of the production ...

It's a crime punishable by death on the mainland yet some enterprising businessmen think ripping off the taxman is worth the risk. To be precise, entrepreneurs have made a business out of trafficking ...

Invoices in formats such as PDF or XML or other electronic formats are treated equally to invoices in paper format. Of course, the overriding principle in relation to each VAT invoice is the need to ...

Invoice timing: Taxpayers should also ensure that all VAT invoices are issued in a timely manner. VAT invoices must be issued by taxpayers within 15 days of the end of the month in which the goods or ...

China initiated Value-Added Tax (VAT) reform with a pilot program in Shanghai in 2012, expanded it nationwide to selected industries in 2013, and continues to extend the reform into previously ...

ANY person who, in the course of his trade or business, sells, barters, exchanges or leases goods or properties, or renders services, and any person who imports goods, shall be liable to the 12 ...

The Ghana Revenue Authority (GRA) has advised the buying public to always request VAT invoices from businesses that are registered to pay tax. Head of Accra Central Enforcement Unit of GRA, Joseph ...