Feb. 15 – Starting on December 1, 2011, value added tax (VAT) payers can deduct the costs associated with purchase of VAT control equipment, and any costs incurred when conducting technical ...

Jul. 24 – In order to alleviate the burdens on taxpayers, China’s National Development and Reform Commission (NDRC) released the “Circular of the NDRC on Charging Policies Concerning the Improvement ...

Whether it would be “convenient or useful or expedient” to allow the finance minister to adjust the VAT rate is irrelevant when such a power is unconstitutional, the Western Cape High Court heard on ...

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 ...