'The outcome of the survey … shows that at least in OECD countries procedures exist almost everywhere to fully or partially relieve foreign businesses of the local VAT burden. However these procedures include a multitude of individual procedures according to local legislation and practices … Formalities to recover [input VAT] vary widely across countries which may create difficulties in particular for businesses incurring VAT in multiple jurisdictions.'
(OECD Committee on Fiscal Affairs)
Business tax
Repo 'loophole' blocked
The Government published draft legislation applicable from 1 October 2007 ...
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'The outcome of the survey … shows that at least in OECD countries procedures exist almost everywhere to fully or partially relieve foreign businesses of the local VAT burden. However these procedures include a multitude of individual procedures according to local legislation and practices … Formalities to recover [input VAT] vary widely across countries which may create difficulties in particular for businesses incurring VAT in multiple jurisdictions.'
(OECD Committee on Fiscal Affairs)
Business tax
Repo 'loophole' blocked
The Government published draft legislation applicable from 1 October 2007 ...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
