Sentences with phrase «value added taxes»

The Bundesministerium der Finanzen based its guidance on a 2015 European Union Court of Justice ruling on value added taxes (VAT).

Germany's ministry of finance have based their declaration on the rule made in 2015 by the European Union Court of Justice on Value Added Taxes (VAT).

These include not only customs duties in the country of import but also local and value added taxes.

Furthermore domestic wind power component manufacturers are receiving a 50 % discount on value added taxes.

The only winners are Governments collecting votes and value added taxes (GST in Australia) and the top echelon of 20 - 30 global companies who are fanging for increases in immigration to extend their dynastic ambitions.

Many foreign countries also use Value Added Taxes to provide a different tax regime for raising taxes from business that uses a different theory to operationalize the amount of profits that should be taxed than an income tax does that has proven harder for corporations to evade.

To get to those higher levels of taxation, they have relied to a greater extent on value added taxes, recognizing that there are limits to how high personal and corporate income taxes can go.

«Craig buys his boyfriend a birthday present that costs $ 215.65 including VAT [value added tax] @ 13.5 %.

Economic analysts have suggested that this may violate World Trade Organization standards as it not only incentivizes exports, as many countries» value added tax systems do, but also incentivizes domestic production.

The OECD declined to comment on his memo, dated June 24, and a separate one seen by Reuters, written soon afterwards, on the outlook after the June 23 vote for Value Added Tax (VAT) in the United Kingdom, which is made up of Britain and Northern Ireland.

With a plan to cut energy subsidies further and introduce a value added tax this fiscal year, inflationary pressures are expected to intensify.

Corporate tax services encompass a variety of permissible services, including technical tax advice related to U.S. international tax matters; assistance with foreign income and withholding tax matters, assistance with sales tax, value added tax and equivalent tax related matters in local jurisdictions; preparation of reports to comply with local tax authority transfer pricing documentation requirements; and assistance with tax audits.

Investors trading cryptos in the country are expected to face a 7 percent value added tax (VAT) for all trades in addition to a 15 percent tax on capital gains, according to a report by Nikkei Asian Review on Friday.

Thailand is expected to enact a law soon that will mandate cryptocurrency traders for both value added tax as well as capital gain tax.

Apisak Tantivorawong, said during the meeting that the agreements kryptowalutacyjne will be subject to value added tax in the amount of 7.

Although one could imagine all sorts of radical Blue Sky tax reforms — or much less radical ideas like a carbon tax or a value added tax — in the context of the current debate about how to make some alterations to the current tax system, I would suggest the following five elements in the spirit of 1986:

While border adjustment would be a new feature for the US tax system, most other countries already have it in the form of a value added tax (VAT), a consumption tax that has a border adjustability component.

At the end of last year, it reduced the value added tax (VAT) rate from 24 percent to 20 percent, lowered the income withholding tax rate, nixed a controversial «special construction» tax, simplified deductibles and exempted certain dividends from corporate income tax.

Japan's Cabinet has approved proposals for the 2017 fiscal year tax reform which include an exemption from consumption tax (the Japanese value added tax) for the transfer of virtual currency (VC - cash exchange).

VAT (Value Added TAX), also called as «tax on consumption» by some economists, is simply a tax that is payable while purchasing any product.

Comparable treatment can be found in Europe, where EU member states exempt virtual currencies from taxation as a result of the Court of Justice of the European Union's ruling on October 22, 2015 stating that the exchange of traditional currency for Bitcoin virtual currency (and vice versa) is exempt from value added tax in the EU.

When it became obvious that the third nine was a 9 % value added tax on top of the 9 % sales tax and the 9 % flat income tax, my thought was «This sounds like a middle - class tax increase.»

Tsipras is to address a growth conference on Lesvos later on Thursday amid tight security as local residents have planned protests against the large migrant population on the island and the government's plans to revoke the island's discounted rate of value added tax.

As a matter of fact the French government has reduced the value added tax on theme parks from 18.6 % to 7 %, lent 4 billion francs at preferential rates and provided 2.7 billion francs in infrastructure improvements, such as highways and rail roads.

Warwick Paradise Island — Bahamas all - inclusive rates feature all meals and snacks; alcoholic and non-alcoholic beverages; standard Wi - Fi internet access from the «beach to the bedroom;» use of the fully - equipped fitness centre; daily activities, including bocce, beach volleyball, basketball, tennis, horseshoes and use of bicycles; nightly entertainment; as well as gratuities, taxes, surcharges and 7.5 % Value Added Tax (VAT).

Baby Milk Action has to charge Value Added Tax at 20 % on certain items when selling to customers within the European Union (this does not include publications or children's clothing).

Each tax component and margins also attract 17.5 % Value Added Tax (VAT), which the consumer also pays.

But it also said that leaving the EU could give the UK greater flexibility — albeit at the cost of greater complexity - if it chose to vary the tax system, particularly in the area of Value Added Tax (VAT) which is currently heavily circumscribed by EU directives.

For instance, in Bosnia - Herzegovina the EU once created a «Bulldozer Committee» to push through simplification of tax codes and boost public revenues with a country value added tax.

The Ghana Revenue Authority (GRA) can easily quantify Facebook's Value added Tax, Corporate Tax and Profit Tax.

«The amount disbursed comprised N387.32 billion from the Statutory Account and N80.53 billion from Valued Added Tax, VAT.

Talking of reduction or complete removal of taxes, as Akufo - Addo is promising Ghanaians, I remember how when in 1995 Jerry Rawlings wanted to introduce the Value Added Tax (VAT) on goods and services into our taxation system to increase the tax net and by that the tax revenue, Nana Akufo - Addo led massive «KUM PR3KOO» demonstrations against government in which some unfortunate demonstrators died, compelling government to withdraw the VAT, barely four months after its introduction.

With a projected revenue of N3.86 trillion in the face of dwindling crude oil receipts, government estimates that oil revenues contribute N820 billion of the total revenue; non-oil revenues, comprising Company Income Tax, CIT, Value Added Tax, VAT, Customs and Excise duties, and Federation Account levies, are expected to contribute N1.45 trillion; while independent revenues are expected to contribute N1.51 trillion through the enforcement of the Fiscal Responsibility Act, 2007 and public expenditure reforms in all MDAs.

The NHIS is currently financed by pooled contribution from a Value Added Tax of 2.5 % earmarked National Health Insurance Levy and other sources including social security, contribution from formal sector workers, insurance premium etc..

But, from a conceptual basis, while applying on a transaction by transaction basis rather than to the company itself, Value Added Tax does (at least in theory) what it says on the tin, namely taxes the «value added» by a business - this being the difference between the value an item is sold for and what it cost to create.

By contrast, Europeans pay a «VAT» - a value added tax - a more complicated scheme by which each time a product changes hands in the business development cycle, a portion of the added value is taxed and used for funding.

In 1995 he led the famous «Kume Preko» demonstrations of the Alliance For Change (AFC), a broad - based political pressure group, which mobilised thousands of people onto the streets of Ghana to protest the Value Added Tax (VAT) initiative which was being introduced by the government of Ghana under the then President Rawlings.

Other sources, Jonah said, were statutory allocation from which the state got N1.1 bn, budget support N1.1 bn, refund from Rivers State N57.5 m and value added tax of N618m.

Central government revenues are mainly from income tax, national insurance contributions, value added tax, corporation tax and fuel duty.

«The value added tax (VAT) for the month of September is N849, 499,135.14 as against N909, 135,970.86 received in the month of August.

«The Value added tax (VAT) for the month of September is N582, 387,195.64 as against N620, 482,976.92 received for the month of August.

The Economic Recovery Programme, the Structural Adjustment Programme, the Financial Adjustment Programme and the introduction of the Value Added Tax were tough but bold decisions taken to tighten our belts while offering the country the much - needed turnaround in economic and infrastructural development.

It will be releasing sectoral distribution of value added tax report, petroleum products demand survey and power sector report, among others.

The estimated revenue of N81.666 billion according to him consists of N32.181 billion from internal sources; N35.3 billion as the state's share from the Federation Account; N8.08 billion from Value Added Tax (VAT), N2.2 billion from Exchange Differentials and N3.8 billion from Budget Augmentation.

«As much as I will say, the senate has not come up with a position on that (subsidy removal); if you we are going to remove subsidy or increase Value Added Tax (TAX), we must strike a balance.

Vice President Kwesi Amissah - Arthur has stated that the acquisition of affordable houses must be covered by the Value Added Tax, (VAT).

It said the actions of government including the arbitrary increase in the Value Added Tax...

The Tax concession is in respect of Value Added Tax (VAT), National Health Insurance Levy, Customs Duties, Corporate and Withholding Taxes, and other applicable taxes.

In the case of a domestic transaction, a value added tax is equivalent to a tax on profits from the sale of goods or services.

These include: Company Income Tax (CIT), Value Added Tax (VAT), Customs & Excise Tariff (CET), Personal Income Tax (PIT), Pension Contributions, Industrial Development Income Tax Relief (IDITR); and Tertiary Education Trust Fund.