Generally, it is only when a taxpayer is engaged in zero-rated sale that the input value-added tax attributable to such sale may be subject to a refund. This applies to input VAT (purchases) incurred ...

Businesses often forgo input VAT credit if the purchase/expense invoice is more than 6 months old (or, 2 months in the case of monthly tax periods). Needless to say, such a tax position results in a ...

Instead of reverting to an antiquated tax system, the House committee on ways and means has advised the Department of Finance (DOF) to study the possibility of putting a cap on input value-added tax ...

Windhoek — In this series of articles, Cameron Kotze - the Tax Partner at Ernst and Young - discusses some topical tax issues for our readers. THE 2007 Value-Added Tax Amendment Bill will amend the ...

The Federal Tax Authority (FTA) has issued a public clarification (VATP028) on mobile phones, airtime, and data packages ('MP, A, DP' for ease of reference) made available to employees for business ...

The House of Representatives approved on final reading on Tuesday night a bill that removes the 70-percent cap on input value added tax (VAT) that businesses can claim. Speaker Jose de Venecia Jr.

The Ghana National Chamber of Commerce and Industry (GNCCI) says government’s move to overhaul the Value Added Tax structure has finally killed off a system its members have battled for years.

The implementation of Revenue Regulations 9-2021 is in suspended animation. What happens now? Some believe that everything goes back to the rules before RR 9-2021 was issued. But some are more ...