In order to facilitate common defence efforts and to align with the EU’s Common Security & Defence Policy (CSDP), the European Commission has accepted a proposal to exempt certain supplies to the armed forces from Value Added Tax (VAT) and other excise duties.
Month: April 2019
It is Kuwait will not implement a VAT scheme before 2021 at the earliest, but will however continue to phase in ‘excise tax’ following an announcement from the Budget Committee in Kuwait.
Chinese VAT | The Ministry of Finance, State Taxation Administration, and General Administration of Customs have jointly issued a number of new policies on value-added tax in China.
Below you will find a list of all key changes to national VAT and Goods & Services tax rates from around the world that have been implemented since the turn of the year.
By the end of the month (April 2019), Bahraini businesses will have to submit their first ever VAT return within the country, becoming the third of the six Gulf Cooperation Council (GCC) member states to do so.
The Federal Tax Authority in the United Arab Emirates has introduced a VAT refund scheme for foreign business visitors travelling to the area. In order to successfully claim a VAT refund, you are required to create an e-services account with the FTA’s new system first.