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The Cash Accounting VAT Scheme is a method of VAT whereby VAT is recorded on the basis of payments made or recieved.
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taxis a flat tax rate charged by customs on imports. In many cases, the tax is equal to the local sales tax. Even when the goods have been purchased abroad, this consumption tax will still apply when they enter a different country. Examples include sales tax and value-added tax (VAT)....
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What is the due date for implementing e-Invoicing in Kenya? According to the recent update by the Kenya Revenue Authority (KRA), from October 1st, 2022, all VAT-registered business in Kenya have been liable to issue invoices that adhere to the e-invoicing regulations. ...
What is VAT tax? Sales tax vs. use tax Summary Sales tax, which is a consumption tax levied on the sale of goods and services, is an important source of revenue for governments at the state and local levels. While, in many instances, businesses are required to charge and collect sales...
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taxis a flat tax rate charged by customs on imports. In many cases, the tax is equal to the local sales tax. Even when the goods have been purchased abroad, this consumption tax will still apply when they enter a different country. Examples include sales tax and value-added tax (VAT)....