JD Supra

Belgian VAT Authorities Publish New Circular Letter Regarding Late Input VAT Recovery

Seven years after relevant judgments from the CJEU, the Belgian VAT authorities now (broadly) allow the recovery of input VAT beyond the standard Belgian limitation period of three years, subject ...
JD Supra

UK HC Confirms HMRC Should Consider Allowing Input VAT Recovery On Robust Alternative Evidence – Even Where No VAT Invoice Exists

Hotelbeds UK Ltd operates as a wholesale supplier of hotel accommodation, purchasing rooms from UK VAT-registered hotels and reselling them to travel businesses. Due to industry practice, Hotelbeds ...
아시아경제

Supreme Court Rules "Input Tax Deduction Required When VAT Paid Due to Mutual Mistake Is Refunded"

When a local government enters into a service contract without knowing that the service is exempt from value-added tax (VAT) and determines and pays the service fee including VAT, the Supreme Court ...
Business Daily Africa

Harnessing technology for VAT compliance

Potential fraud such as the “missing trader” scheme, identify-theft tax evasion or claiming input VAT for non-qualifying expenses are probed. To address economic pressures, the government is ...
manilatimes

Claim for refund of unutilized input VAT

SECTION 112 of the Tax Code (Republic Act [RA] 8424, as amended) states that a taxpayer may claim for refund or request for issuance of tax credit certificate for its excess unutilized input ...