Chapter by chapter, from Albania to Zimbabwe, we summarize indirect tax systems in 150 jurisdictions. The content is current on 1 January 2025, with more recent additions noted. Each chapter begins …

VAT flat rate taxpayers who are deregistered because they no longer qualify for VAT reg-istration, any input tax relating to inventory must be added to the cost of the goods.

Imposition of Value Added Tax. 2. Persons liable to pay the Tax. 3. Rate of the Tax. 4. Taxable person. 5. Taxable activity. 6. Persons required to register. 7. Exceptions regarding thresholds and period for …

Input VAT incurred by a person liable for tax can be offset against output VAT as a credit, provided that it is attributable to taxable transactions and some additional requirements are met.

Value Added-Tax (VAT) is one of the most important revenue streams for Member State authorities. It contributes to the public services we all make use of such as schools, hospitals, libraries and public …

You can read more on the VAT regulations applicable to foreign trading and on EU sales lists in the brochure “VAT on foreign trade, SKV 560B” (Moms vid utrikeshandel).

What Is a VAT? Despite its name, the VAT is not generally intended to be a tax on value added as such: rather it is usually intended as a tax on consumption.