While the United States imposes a retail sales tax, many countries across the globe impose a value-added tax. VAT is similar to the retail sales tax, but it is imposed at every stage of the production ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Running a business is hard enough without chasing unpaid invoices ...

Invoicing is crucial for small business cash flow. Learn how to create an effective professional invoice that increases the likelihood of timely payments.

The special value-added tax (VAT) invoice, also called special VAT fapiao, is an essential document used to offset input VAT from output VAT, thereby relieving the taxpayer from VAT payment ...

When you consider the documents in the value-added tax (VAT) system, the tax invoice is one of the most significant for both a supplier and a buyer. To claim input tax from the Revenue Department, the ...

FTA provides updates on how imports of goods and services can be factored in About a month back in this column, we highlighted a tax conundrum faced by the UAE business community, both in mainland and ...