How to Display Tax Inclusive Prices

Authored by: Value Added Tax Department Source: Ministry of Finance Date: February 11, 2015 FOR IMMEDIATE RELEASE Information to help VAT registrants comply with VAT inclusive price display The VAT Department is pleased to acknowledge the progress most vendors have made in complying with requirements of the Value Added Tax Act 2014 to display retail…

VAT Department Issues Fines and Warning Letters

Authored by: Value Added Tax Source: Value Added Tax Date: February 6, 2015 VAT DEPARTMENT, MINISTRY OF FINANCE VAT Department Issues Fines and Warning Letters for Late Registration With the mandatory registration process well advanced beyond the November 30th 2014 deadline established in the law, the VAT Department began issuing fines and warnings today to…