KUALA LUMPUR: The government’s move to introduce several tax initiatives, including e-invoice and the Tax Identification Number (TIN), is crucial in overcoming the leakages involving parties who do ...

Dubai: There are some traders who are charging value-added tax (VAT) without showing the Tax Registration Number (TRN) on the receipt. A tax invoice must include the name, address, and TRN of the ...

The tax authority wants the following elements to be compulsorily mentioned on the bill, that is the amount paid as Value Added Tax (VAT) and also the tax registration number of the establishment. A ...

Optionally implemented from the 1st of January this year, e-invoicing is a new system wherein tax invoices will be electronically validated before being sent to the buyer. The issue of e-invoices is ...

The federal government does not levy sales taxes on items, but most state governments charge varying rates of sales taxes on a range of taxable products. If your business is based in any of these ...

Filing of returns is mandatory for taxable persons and entities Dubai: Suppliers of taxable items are required to issue proper tax invoices to customers on amount collected as tax. According to the ...

According to the new system of e-invoicing, taxpayers will continue to issue invoices on their own accounting and ERP systems. These invoices will need to follow the prescribed schema issued by the ...