“By expanding the list of VAT-exempt medicines, the FDA aims to make medicines affordable to the public and decrease expenses when seeking quality medical attention,” the FDA said in a statemen ...

Budget 2025 just emphasises the inequality in South Africa. The food items added to the VAT exemption basket in Budget 2025 shows just how disconnected Treasury is from poor people in South Africa ...

According to the notification, VAT will be exempted at the production stage of rapeseed oil, colza seed oil, and canola oil until June 30 this year. Mustard oil will also be exempt from VAT at the ...

Ending the VAT exemption for private schools, as Labour’s manifesto pledged, means services offered by private schools are now charged VAT at 20%. Looking at the two elements of this pledge together, ...

Xero does all the hard work for you, including calculating your VAT according to your scheme (flat rate, cash etc.), automatically making adjustments based on your invoices and bills data, and filing ...

'Zero-rating is a blunt tool to assist lower-income households, because there is no guarantee that there will be a reduction in prices.' The government is attempting to help South Africans ...

I noticed that the last bookkeeper used T2 (exempt tax code) in sage-50 for posting commercial invoice. Is the right Tax code or shall I changed to other Tax code? Q2:We received duty and VAT invoice ...

Without these, you are not allowed to claim back the VAT. your invoice is only for exempt or zero-rated UK sales you're gifting goods you sell goods under a VAT second-hand margin scheme your client ...

The Mayor of London confirmed his support for extending the VAT exemption on wheelchair accessible taxis, urging the Government to take action. Sir Sadiq Khan responded to questions in the London ...

Every invoice between companies within the EU must be generated and transmitted electronically in a standardized format. In certain cases where the buyer assumes the responsibility for VAT (instead of ...

The Lithuanian Parliament (Seimas) Feb. 13 accepted for consideration Bill No. XVP-128, to amend the law on VAT registration and calculation exemption thresholds. The bill includes measures to: 1) set ...