How is VAT collected from institutions?



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On the website of the electronic newspaper Sada, Tuesday, November 6, 2018.

Companies subject to VAT must issue invoices and be kept for examination, adding that at the end of the tax period, the total of these invoices will be recorded in the declaration and that invoices will not be submitted to the tax office. 'Authority.

He pointed out that the value added tax is collected from the taxable institutions through the tax return that it must submit to the Authority within a specified period, in accordance with its annual taxable income.

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Source: Echo Journal

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