Value Added Tax (VAT)

RECENT NEWS  Jul 12  Comment 
STOCKHOLM (dpa-AFX) - Hennes & Mauritz AB (HNNMY.PK,HMRZF.PK,HEN.L) reported that its sales including VAT increased by 8 percent in local currencies in June 2016 compared to the same month the previous year. The total number of stores amounted to...  Jun 21  Comment 
Online retailer is quietly rooting out sellers who do not hold UK VAT numbers to guard against HMRC’s new tax evasion powers Amazon is quietly rooting out many of its Chinese traders who do not hold UK VAT numbers to try to protect itself from...
The Hindu Business Line  Jun 1  Comment 
The Goa government on Wednesday reduced the value added tax (VAT) on petrol by 5 per cent to retain the price below ₹60 in the state. This is the second reduction in a fortnight. After the latest hike...
The Hindu Business Line  May 26  Comment 
The Gujarat government has rolled back 5 per cent value added tax (VAT) imposed on industrial salt in 2016-17 budget. A decision to this effect was taken at the Cabinet meeting yesterday. “Keeping...
The Economist  May 12  Comment 
Depends on where you are IN THE battle to smash the patriarchy, feminist campaigners have found an unlikely ally: the European Commission. Their gripe is with the tampon tax, the minimum 5% rate of value-added tax (VAT) on sanitary products...
The Times of India  May 11  Comment 
During a workshop on automated filing of value added tax (VAT) returns organized by the Nag Vidarbha Chamber of Commerce (NVCC), the traders were told that returns have to be filed first and the tax is paid later.
Mondo Visione  May 4  Comment 
According to the “Notice on Fully Promoting the Pilot Program for Replacing Business Tax with Value-Added Tax” (Cai-Shui [2016] No. 36) issued by the Ministry of Finance and State Administration of Taxation, starting from May 1, 2016, Dalian...
The Economic Times  May 3  Comment 
Engineering exporters have made a strong plea to the West Bengal government for release of "considerable amount of money" blocked with state due to VAT related issues.
The Hindu Business Line  May 1  Comment 
China today replaced all business tax with a value-added tax (VAT) after extending the policy to cover four new sectors of construction, real estate, finance and consumer services, as part of reform ...

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