News

Previously, manufacturing firms could not submit VAT returns directly from their ERP (Enterprise Resource Planning, that many offices use) systems ...
The court heard how he submitted 34 false VAT return forms which authorised repayments of £864,971.72 through Bigga Bites. He also made a bogus claim of an NHS contract with his business to get ...
Instead, they will file the corresponding Quarterly VAT Return (BIR Form No. 2550Q) within twenty-five (25) days following the close of each taxable quarter. TRANSITORY PROVISION FOR 2023 ...
In reference to our Tax Notes article published on Feb. 4, 2025, titled “Implementing Rules and Regulations on VAT on Digital ...
The Ministry of Finance's top official yesterday voiced optimism it will "not be a big problem" for Bahamian companies with annual turnovers exceeding $5m to file and pay their VAT returns within ...
It then conveniently creates a VAT Return form which is identical to the one required by the FTA. It also produces VAT invoices as required. “This new simple, highly effective VAT Return System covers ...
Hence, all NRDSPs, regardless of the type of transaction, are required to file the VAT return. The RMC did not specifically state the frequency and deadline for filing the return. However, in the ...
The court heard he had submitted 34 false VAT return forms which authorised repayments of £829,320 through Bigga Bites. He also made a bogus claim of an NHS contract with his business to get £ ...
The court heard how he submitted 34 false VAT return forms which authorised repayments of £864,971.72 through Bigga Bites. He also made a bogus claim of an NHS contract with his business to get ...