Alain Charlet and Stéphane Buydens discuss the cross-border VAT refund mechanisms and show how jurisdictions and businesses cooperate in the international OECD forum to improve existing practices
Some countries cite their form of value added tax as a goods and services tax (GST). For ease of reading we refer in this article to all value added taxes as VAT.
Neutrality of VAT v the real world
Businesses sometimes incur VAT on expenses in a foreign country while having no taxable activity or being established in that country. These expenses may be related to the economic activity of those businesses outside that country and if so those businesses should legitimately be entitled to recover the VAT charged...
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Alain Charlet and Stéphane Buydens discuss the cross-border VAT refund mechanisms and show how jurisdictions and businesses cooperate in the international OECD forum to improve existing practices
Some countries cite their form of value added tax as a goods and services tax (GST). For ease of reading we refer in this article to all value added taxes as VAT.
Neutrality of VAT v the real world
Businesses sometimes incur VAT on expenses in a foreign country while having no taxable activity or being established in that country. These expenses may be related to the economic activity of those businesses outside that country and if so those businesses should legitimately be entitled to recover the VAT charged...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
