VAT


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VAT

VAT

1. GOST 7.67 Latin three-letter geocode for the Vatican. The code is used for transactions to and from Vatican bank accounts and for international shipping to the Vatican. As with all GOST 7.67 codes, it is used primarily in Cyrillic alphabets.

2. See: Value-added tax.

VAT

VAT

see VALUE-ADDED TAX.

VAT

see VALUE-ADDED TAX.
References in periodicals archive ?
Romania recorded the largest national VAT gap with 36 per cent of revenues going missing in 2017.
If no application for VAT refund has been applied for by the taxpayer and the two-year period to file a claim for refund has already prescribed, it became clear in many other BIR rulings, e.g., BIR Ruling DA 636-06, BIR Ruling (DA-[VAT-02] 121-10), that the taxpayer can already deduct the input VAT as cost available as deduction for income tax purposes.
Earlier, Uber in a letter requested the NBR to keep ride-sharing sector outside of the ambit of VAT until the company overcomes this nascent stage.
"The introduction of VAT is a key fiscal reform and we had forecast stronger VAT collection of around 1.6 per cent to 1.8 per cent of GDP in the first year of implementation.
The next step after furnishing the required details is to submit the VAT return form.
A second area where careful planning can make a significant difference is with tax codes (or VAT treatments).
Class 2: From P34.00 (VAT inclusive) to P35.00 (rounded off from authorized P34.67)
Businesses residing in any GCC state that is not considered to be an implementing State can apply for VAT refunds in the UAE under this scheme.
"Collecting VAT without registration would invite action from tax authority and trigger fine or penalty.
* Consumers are also encouraged to verify taxpayers' registration status through the recently introduced Taxpayer Lookup tool accessible on https://www.nbt.gov.bh/vat/tp/ms prior to paying the 5% VAT charge.
VAT rates are determined by the country where a customer makes purchases, and vary per country and type of good or service.