FTA introduces online VAT calculator, TRN verification service.
FTA introduces online VAT calculator, TRN verification service.
It is subject to the same 5% VAT as any other purchase made through traditional outlets.
The list also includes information on products and services subject to zero percent VAT.
This will ease reporting and compliance pressure on companies, especially SMEs.
The application of VAT depends on whether you are buying from the agency or dealer or directly from an individual owner.
If the institution is funded more than 50% by the government, it will not be taxed
Federal Tax Authority organised two training workshops
They are required to follow standard customs procedures and pay VAT using a variety of methods
The first thing the consumer should do is to check for the retailer's TRN and VAT amount on the invoice