The VAT was introduced in Saudi Arabia in 2018 with an initial rate of 5%. After a significant increase in 2020, the current VAT rate stands at 15%. This is the highest VAT rate applicable […]
The 13th European Directive entitles companies established outside the EU to claim back the VAT paid on business related expenses. The VAT refund can be granted to companies fulfilling specific requirements : Difficulties Even though […]
An official candidate country since December 2022, Bosnia and Herzegovina moved one step closer to the EU accession in March 2024. Based on the reported progress in meeting the membership criteria, the Commission has recently recommended […]
Established in 1981, the Gulf Cooperation Council is a political and economic union of six Arab states of the Persian Gulf: United Arab Emirates, Saudi Arabia, Bahrain, Oman, Kuwait and Qatar. Due to the historically low oil […]
Reudcing costs of your business purchases abroad Companies purchasing goods and services abroad or engaging non-domestic travel expenses often pay foreign VAT charged by suppliers of different countries. This foreign VAT can be claimed back […]
VAT benefits The month of January is traditionally devoted to the stoic keeping of good resolutions, but also to accounting closings, budget analyses and cash flow optimisation. The last point concerns both businesses and individuals. […]
Anticipating Cash Back & Securing Business Operations On July 26 start the Summer Olympic Games in Paris. Being scheduled until August 11, they will be followed by the Paralympic Games from 08/28 until 09/08. There […]
Companies established and VAT registered outside the UK can claim the British VAT occurred on their local purchases & travel expenses in front of HMRC. The applicable reciprocity condition requires that your country of establishment […]
A small reminder for companies VAT registered in France which intend to include in their local VAT return the omitted deductible VAT amount from their 2021 expenses. In order to respect the two-years limitation period […]
New tendances & opportunities : In the occasion of the Annual Boat Trade Show which took place last week (Sept. 12–17) in French Riviera, around 500 international exhibitors could demonstrate in Cannes their large offer […]
