Other VAT topics
Content on Other VAT Consulting:
- Business entertainment expenses
VAT incurred on goods or services used for a business purpose can be recovered as “input tax”. However, VAT input tax incurred on the provision of “business entertainment” cannot be recovered under a special legal provision. VAT incurred on the expenses for the entertainment of employees can be recovered provided it is for the benefit [...]
- Refunds of VAT incurred in Europe
If you are a business traveller and you buy goods or services in a Member State of the European Community or in other countries, you may have to pay VAT there. This should not happen if you buy goods for export from that country, but it may apply if, for example, you take part in [...]
- VAT: International supplies of goods
VAT must be charged on the taxable supply of goods within each EU member state. However, there are also VAT implications when there are cross-border supplies in situations when: - goods are “imported” from a non-EU country into the European Community. Import VAT must be accounted for. Related Posts:The basics of Value Added Tax (VAT)Refunds of [...]