All posts of tag: VAT

How to Register for Value-Added Tax

1970-01-01 - 1970-01-01

The Value-Added Tax (VAT) is collected from the sale of goods or services, whether produced domestically or imported. Business operators with a duty to register for VAT can do so via two methods

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Types of tax invoices and the issuance of paper tax invoices

1970-01-01 - 1970-01-01

Many may wonder what types of tax invoices exist and how they differ from each other. The Revenue Department provides information and details on the types of tax invoices

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Penalties regarding violation of Value Added Tax regulations

1970-01-01 - 1970-01-01

The Value Added Tax (VAT) is a type of tax collected by the government from consumers who purchase goods or services. This indirect tax is typically collected by business operators from consumers at a current rate of 7%.

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VAT Registration Certificate

1970-01-01 - 1970-01-01

The VAT Registration Certificate is of paramount importance for entrepreneurs, as establishing a company to conduct various business operations must be done properly. One of those steps is registering for VAT.

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