While the United States imposes a retail sales tax, many countries across the globe impose a value-added tax. VAT is similar to the retail sales tax, but it is imposed at every stage of the production ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Running a business is hard enough without chasing unpaid invoices ...

Manama, Apr. 28 (BNA): The National Bureau for Revenue (NBR) held a workshop on VAT invoice compliance, which aimed to raise awareness of all VAT related aspects and the necessary procedures for ...

Invoice timing: Taxpayers should also ensure that all VAT invoices are issued in a timely manner. VAT invoices must be issued by taxpayers within 15 days of the end of the month in which the goods or ...