VAT-exempt persons pay VAT on imported services
Most businesses which are VAT-exempt believe that they must never submit any VAT returns to BURS. That sounds reasonable until...
The harsh tax garnishee order!
Generally, outstanding tax liabilities attract penalties and interest which further inflate the tax obligation. The taxman, being the authorised tax...
Cooking oil & gas VAT reverts to 12% on 03.02.23
The VAT rate for cooking oil and liquid petroleum gas (or gas) will be chargeable to VAT at the rate...
No transfer duty on Special Economic Zone operators
Special Economic Zones (SEZ) are generally created to attract investments, create jobs and boost exports. Additionally, these special zones also...
No employees, no training levy
Generally, Value Added Tax (VAT) registered persons generating annual revenue in excess of P1m are construed to be liable to...
Airflight benefit: a tax-planning tool
Receiving a letter of confirmation of employment is not only good news but it certainly is exciting! Now that you...
Moving assets out of business triggers VAT
Business assets are generally items of great value and importance to an enterprise and its owners. Basically, assets are acquired...
Moving assets out of business triggers VAT
Business assets are generally items of great value and importance to an enterprise and its owners. Basically, assets are acquired...
Govt grants recipients canโt claim 100% VAT
Generally, the governmentโs mandate includes serving and protecting its people and as well as to ensure that the general public...
No VAT deregistration in 1st 24months
At times, some business operators are compelled to compulsorily register for Value Added Tax (VAT) in the furtherance of statutory...
