KRA primarily validates the accuracy of VAT returns by checking whether input and output VAT are correctly reported and ...

does not have to be directly attributable to the zero-rated sale. On the other hand, creditable input VAT does not only arise from purchases of goods that form part of the finished product of the ...

ON June 10 and 11, I conducted a lecture series, courtesy of the Center of Global Best Practices, on the various implementing ...

Accordingly, claiming a VAT refund related to zero-rated sales, that the following are requisites, among others: 1. Both the sales and purchases are properly substantiated in accordance with Section ...

East African Community (EAC) member states have been urged to adopt digital solutions to enhance compliance and efficiency in ...

East African member states have been challenged to transform their digital revenue collection to ensure compliance in Value ...

A value-added tax (VAT) is a consumption tax levied ... every stage of a product's production from the sale of the raw materials to the final purchase by a consumer. The previous buyer in the ...

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the ...