VAT Capital Goods Scheme

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The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and businesses where assets are used for both business and non-business purposes. The scheme aims to correct the amount of VAT recovered when the use of the asset in later years varies from that in […]

VALUE ADDED TAX COMPLIANCE

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Value Added Tax Compliance and its implications Value Added Tax Compliance is something that is quite complex in nature. There are more than a few reasons why VAT can be complex in its implications and how we can make an assessment about its exact nature. VAT, in essence, is difficult to understand because it has various dimensions […]

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