Posts Tagged
‘Tax Authorities’

Since March 2022, the Chinese government has implemented value-added tax (VAT) credit refunds on a large scale to help enterprises in specific sectors facilitate cashflow and sustain a stable macroeconomic performance. From April to May 2022, the VAT credit refunds totalled 1.34 trillion yuan. According to the Announcement [2022] No. 21, starting from 1 July, […]

Purchasers of frequent flyer miles from domestic airlines may be eligible to claim a refund of the 7.5% federal excise tax paid upon such purchase. Hotels, retailers, banks, foreign airlines, and car rental companies typically purchase these miles from domestic airlines for use in their rewards programs. Members of these rewards programs can then redeem […]

To print this article, all you need is to be registered or login on Goods and Services Tax was introduced in India in July 2017 replacing the erstwhile taxation regime of multiple taxes applicable on business transactions. As a result, Service Tax was also subsumed into the GST system. However, even after more […]