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 ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Running a business is hard enough without chasing unpaid invoices ...

Manama, Apr. 28 (BNA): The National Bureau for Revenue (NBR) held a workshop on VAT invoice compliance, which aimed to raise awareness of all VAT related aspects and the necessary procedures for ...

Starting April 1, 2015, China has implemented an updated and improved Value-added Tax (VAT) Invoice Management System, which substantially simplifies procedures for issuing the special “red-letter” ...

The tax authority wants the following elements to be compulsorily mentioned on the bill, that is the amount paid as Value Added Tax (VAT) and also the tax registration number of the establishment. A ...