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 ...

The special value-added tax (VAT) invoice, also called special VAT fapiao, is an essential document used to offset input VAT from output VAT, thereby relieving the taxpayer from VAT payment ...

ANY person who, in the course of his trade or business, sells, barters, exchanges or leases goods or properties, or renders services, and any person who imports goods, shall be liable to the 12 ...

China Briefing has developed into a premium source for insight on doing business in China. It publishes business news concerning foreign direct investment into China, including the most important tax, ...

South Africa is doing some catching up and plans to introduce an electronic value-added tax (Vat) reporting and invoicing system. Countries in Asia Pacific and Europe are already at an advanced stage ...

Tourists from Australia pose for photos at the Tiantan (Temple of Heaven) Park in Beijing, capital of China, May 1, 2025. [Photo/Xinhua] BEIJING - China's State Taxation Administration released ...

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 ...

Two Chinese supermarkets were among six businesses that were busted by the enforcement and compliance team of the Ghana Revenue Authority for not issuing Value Added Tax invoice. Today's operation in ...

The Ghana Revenue Authority (GRA) compliance and enforcement unit, says the non-issuance of Valued Added Tax (VAT) invoice is a criminal offence and can lead to prosecution. The Authority said tax ...

Mr Joseph Annan, Area Enforcement Manager of Ghana Revenue Authority (GRA) in charge of Accra Central, has called on the public to demand the Value Added Tax (VAT) invoice from shop owners when they ...