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 ...

TAXPAYERS engaged in the sale of goods or services which are subject to value-added tax (VAT) at zero percent are not liable to output taxes on said sales. Nonetheless, they incur input taxes passed ...

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 ...

What should you put in your VAT invoice? We explain more and share a handy template to help you get started. Knowing how to create a VAT invoice is essential for many small businesses. Perhaps you’ve ...