A key feature of the invoice-credit form of value-added tax (VAT) is that some businesses- notably exporters-will pay more tax on their purchases than is due on their sales, and so can seek refunds of ...

A previous IMF Working Paper on value-added tax (VAT) refunds (WP/07/31, by Keen and Smith) describes the main forms of VAT noncompliance and concludes that VAT is susceptible to evasion and fraud ...

One of the matters that taxpayers and investors want to address is the challenging VAT refund process. While we recognize that taxes are the lifeblood of the government, which justifies strict VAT ...

Under the IRR, a tourist can get a refund on VAT for locally purchased goods if these are bought from duly accredited stores and are taken out of the Philippines as accompanied baggage within 60 ...

He says that if the government addresses VAT refund challenges, then Kenya will be an ideal investment destination. Picture this. You are a Kenyan manufacturer, producing high-quality products for ...

The Thai Retailers Association (TRA) wants the government to introduce an instant VAT refund scheme for tourists and set up a free-trade-zone sandbox in tourist destinations such as Phuket ...

The Federal Tax Authority (FTA) confirmed that the VAT Refund Scheme for Tourists is witnessing continuous development The Federal Tax Authority (FTA) confirmed that the VAT Refund Scheme for ...