VAT Return/Tax Return is a periodical statement which summarizes the value of the supplies and purchases made by a taxable person during the tax period. It shows the taxable person’s VAT liability i.e ...

Saudi Arabia has is sued a VAT reminder to taxpayers, telling them to submit returns or face fines in the Kingdom. The Zakat, Tax, and Customs Authority (ZATCA) has issued a reminder to all ...

Algirdas Šemeta, the European commissioner in charge of taxation, has proposed a uniform VAT return, in a move to simplify EU law. As part of the EU's end-of-term push to cut red-tape for businesses ...

The European Commission will next week launch an initiative to harmonise forms to claim back value-added tax, in an attempt to reduce the administrative burden faced by businesses. In the absence of ...

Saudi Arabia has called on businesses to sub m it VAT returns before the end of the month or face fines. VAT is an indirect tax levied on most goods and services supplied or acquired by businesses in ...

The government will be introducing online submission of Value Added Tax (VAT) returns and payment to provide the taxpayers with a hassle-free system to boost revenue collection. "Initially, the system ...

Effective cash flow management is critical to running a successful business. However, many companies overlook this fundamental principle, focusing primarily on revenue under the assumption that ...

The planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power. The Finance ...

The Federal Tax Authority (FTA) in the UAE has issued a guide to file tax returns for companies and taxpayers. The form requires taxpayers to report supplies zero-rated supplies, exempted supplies, ...