Value Added Tax

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If you conduct business in certain countries, one of the issues your organization faces is value-added tax (VAT) compliance. A value-added tax (VAT) is a type of consumption tax that is based on the

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Puerto Rico is in a financial crisis. The economy began faltering beginning in the mid-2000s, partly because corporate tax incentives expired in 2006 and businesses began to leave the island. Its

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Effective April 1, 2016, Puerto Rico has begun applying a 10.5 percent value-added tax (VAT) to a wide range of goods and services—the Impuesto de Valor Añadido (IVA). The legislation, Act

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Example Policies for VAT

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Two key requirements for recovering value added tax (or VAT) are patience and persistence. And AP needs boatloads of each to navigate the process! Filing claims for VAT refunds can be a cumbersome

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Updated August 2016 The table below contains basic information, when available, about VAT standard and reduced rates. The VAT code can be very complex in some countries, however, so it is highly

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Value added tax (VAT) represents from 3.6 to 25 percent of the cost of virtually everything in many countries worldwide, including business travel. Business travelers to most European (and a few

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European governments are sitting on billions of dollars worth of foreign organizations' money. While there are procedures in place to reunite those businesses with their cash, getting the money back

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