The decision to scrap value-added taxes (VAT) as well as business taxes for small businesses starting August 1 was made by the State Council at an executive meeting on July 24. The government believes the move will benefit more than 6 million small- and micro-sized companies that employ...
a postponement in the increase of the small companies tax rate, and a 1p cut in National Insurance Contributions (NICs) for firms with fewer than four employees, John Bates, Warwickshire and Coventry chairman of the Federation of Small Businesses (FSB), said: "A VAT holiday would provide welc...
The burden of taxes and fees on the companies should be eased. Substantial tax cuts including the reduction of value-added taxes should be advanced, while tax exemptions can be provided for micro and small firms as well as technology startups. The nominal rates for social security contributions...
The burden of taxes and fees on the companies should be eased. Substantial tax cuts including the reduction of value-added taxes should be advanced, while tax exemptions can be provided for micro and small firms as well as technology startups. The nominal rates for social security contributions...
The VAT flat rate scheme is rolled out for small businesses that don't have a large turnover, thereby saving them from the hassle of tracking VAT on purchases. To be eligible for VAT schemes such as this, businesses need to have an annual turnover of £150,000 or less (excluding VAT...
VAT threshold for small companies If annual turnover exceeds 22,000 euros. Application process –complete application form, –provide company registration certificate, –describe the nature of business activities, –estimate expected turnover, –submit additional documents, ...
VAT rebates will be scaled up for micro and small enterprises including individually-run businesses by extending the policy of refunding VAT in full to those eligible, according to the circular jointly released by the Ministry of Finance and the State Taxation Administration. ...
However, Avalara can help you withtax automation softwarethat makes compliance much easier. For small companies in particular that do business across the U.S. or across international borders, there’s a lot to keep track of. Tax compliance software might be something worth looking into. ...
The good news is that larger airports have currency exchanges or branches of refund companies that will give you your money, minus a fee. It may come in local tender or as a charge back on your credit card. While you may have to jump through hoops to qualify for your VAT refund, acre...
Although the VAT rate for small-scale taxpayers is much lower than that for general taxpayers – 3 percent instead of 17 percent (or 13 percent for the import of specific goods) – obtaining the general taxpayer status is still beneficial for companies with considerable annual business turnover,...