12 GST thoughts of Christmas: 1. There's no GST on gifts (so Santa is probably not GST registered). 2. GST registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...
Iain Blakeley
Barrister - Tax Expert - Business Adviser - Director, Professional, Practical, Fast, Affordable VAT policy
VAT global expansion continues
Suriname is the latest country to announce an intention to replace a turnover tax with VAT. The new tax is expected to apply from 2014 and basic food items are likely to be zero rated. The policy and tax administration arguments for VAT are pretty compelling. Also,...