KRA reckons that the exemption has slowed down its bid to rope the hard-to-get informal traders into the tax bracket, denying ...

Tourists from Gulf Cooperation Council (GCC) countries will be treated as tourists from outside the GCC until the ...

The amount of 15 percent value added tax (VAT) paid by tourists while purchasing goods and services in Saudi Arabia will be refunded to them upon their departure. The Zakat, Tax and Customs Authority ...

E-invoicing (electronic invoicing) is the process of sending, receiving, and storing invoices in a digital format, rather than using paper documents or manually created PDFs.

The European Chamber of Commerce in Vietnam (EuroCham) on Friday released the 2025 Whitebook, presenting a series of proposals regarding visas, entry procedures, and value-added tax (VAT) refunds, ...

In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) provided significant relief to Nirankari Sons Jewellers Pvt. Ltd., by deleting an addition of over ₹1.33 crores made u/s ...

As businesses increasingly shift to digital financial management, QuickBooks Online stands out for its accessibility, ...

We believe this will increase opportunity and expand access. Under current South African legislation, all books are subject to the standard 14% rate of value added tax (VAT). The Democratic Alliance ...

The payment deadline is 30 calendar days after the signing of the acceptance and transfer of the service and receipt of the VAT invoices. 3. To establish that the price of the audit service for the ...

Discover the best hotel accounting software for 2025. Compare features, pricing, and benefits to simplify financial management for your hotel.

However, it’s worth understanding who pays VAT, how VAT contributes to total ... setting up recurring invoices for regular customers and automated invoice reminders to save valuable time.

In a separate but similar case, 58-year-old Malcolm Kgosietsile Lesolang was convicted on seven counts of fraud for submitting fake VAT invoices, causing SARS a loss of over R7.4 million.