The South African Revenue Service (Sars), in a bid to align with international best practice, on June 28 2010 introduced a new VAT return form (VAT 201). The new VAT 201 form requires the separate ...

VAT Return/Tax Return is a periodical statement which summarizes the value of the supplies and purchases made by a taxable person during the tax period. It shows the taxable person’s VAT liability i.e ...

A new value-added tax (VAT) return (form for declaring sales, turnover and other liabilities) would replace the existing combined sales tax and federal excise return from July 1, 2010 under the ...

The South African Revenue Service (Sars) is in the process of improving and modernising VAT returns. From April this year, expect the following changes: Vendors who make payments and submissions ...

Algirdas Šemeta, the European commissioner in charge of taxation, has proposed a uniform VAT return, in a move to simplify EU law. As part of the EU's end-of-term push to cut red-tape for businesses ...

Manama, Bahrain: Following Bahrain’s implementation of value-added tax (VAT) system at the start of 2019, Tally Solutions, a leading international accounting and compliance software provider, has ...