Business VAT Refund vs Personal VAT Reclaim

People often confuse a business VAT refund and a personal VAT refund. Many tourists have received a VAT refund at the airport after a vacation. However, this is limited to purchased goods on the trip and the merchandise must be displayed at the airport. But are you...

8 Tips to cut business travel expenses

Business travel is an essential part of running a business in today’s world of globalization. But costs of corporate travel continue to increase — with the prices of rental cars, hotels and airlines all increasing. There are ways to cut business travel expenses, and...

Decrease the Cost of Doing Business in Europe

New York, New York, October 19, 2017 (Newswire.com) - Companies doing business in the USA are entitled to a VAT refund by recovering European Sales Tax or VAT (Value Added Tax), as it is more commonly known in Europe and the UK. This European VAT Tax can account for...

December Deadline – Prepare yourself

When is the deadline? The December 31st deadline applies to NON-EU companies reclaiming UK VAT. This includes the period for VAT incurred between the 1st July 2016 and the 30th June 2017. How do you prepare? Contact us for your free consultation We will prepare a free...

Concur inks first ever deal with Nextgen in the driver’s seat

Cloud-based travel, expense and supplier invoice management systems vendor Concur have inked its first every distribution deal – signing Nextgen Distribution in an ANZ wide deal. John Walters, Nextgen Distribution group chief executive, says the deal provides...

Understanding The S Corp

As your company gets larger and starts to earn more profits, it is usually a good idea to think about setting up a corporate structure. And one of the most popular is the S Corp. After all, you can potentially gain some nice tax benefits. But of course, the rules can...

75% of GCC firms ‘have yet to engage VAT advisors’

Three-quarters of GCC firms have yet to engage with their tax advisor on the subject of value-added tax (VAT), study claims. A survey showed that the vast majority - 88% - of respondent firms have not made budgetary provision for VAT, despite analysts predicting it...

H&M Sales Including VAT Rise In May, Q2 – Quick Facts

(RTTNews.com) - Swedish retailer Hennes & Mauritz AB or H&M (HNNMY.PK, HMRZF.PK, HEN.L) reported Thursday that its sales including VAT for the month of May increased 4 percent in local currencies. Converted into SEK, sales increased by 8 percent. The company noted...

Addressing tax treaty abuse

Governments worldwide have been up in arms against the egregious tax planning undertaken by multinational corporations. Taxpayers take advantage of the vast tax treaty network that countries have in place and can inappropriately reduce their tax liability to an extent...

UK’s Labour seeks to woo voters with prospect of VAT cuts

Britain's opposition Labour Party will offer voters in Thursday's election the prospect of a cut in value-added tax, the party's top finance official John McDonnell was quoted as saying by a newspaper. The interview was conducted before Saturday's van and knife attack...

House looks at formula to ease VAT on land sales

Ruling Disy and socialists Edek will jointly table a legislative proposal allowing non-payment of capital gains tax (CGT) until the end of 2018, to counterbalance the soon-to-come imposition of 19 per cent VAT on land sales for commercial property transactions. The...

What is Double Taxation?

You may have heard the term "double taxation" and wondered what it means. Corporate shareholders often complain that they are being "double taxed." But what really is double taxation and how unfair is it? What is Double Taxation? Double taxation is a term used to...

Economists prefer VAT to other kinds of taxes

Attention, residents of the UAE and other GCC countries. Here is a message from almost everyone else: welcome to our world. When your value added tax takes effect on January 1, you’ll be dipping one toe into the chilly unpleasant reality of personal taxes. The rest of...

Rethinking Double Taxation

Certain tenets of tax policy are so thoroughly ingrained in our thinking that to question them seems almost sacrilegious. Among these is the doctrine that corporate income should be taxed once and only once. Typically that singular occurrence of corporate tax is...