Collect Your Value-Added Tax Refund When Souvenir Shopping In Europe.   #travel

Collect Your Value-Added Tax Refund When Souvenir Shopping In Europe. #travel

South African Customs regulations afford visitors to the country the opportunity to bring in certain goods without incurring duties and value added tax (VAT).  These are limited in quantity and value. On arrival, you can take the green ‘nothing to declare' channel if you stick to these allowances:Personal effectsNew or used goods not exceeding R3 000 (additional goods, new or used, exceeding R12 000 will incur a duty charge of 20%)Wine not exceeding 2 litres per person over the age…

South African Customs regulations afford visitors to the country the opportunity to bring in certain goods without incurring duties and value added tax (VAT). These are limited in quantity and value. On arrival, you can take the green ‘nothing to declare' channel if you stick to these allowances:Personal effectsNew or used goods not exceeding R3 000 (additional goods, new or used, exceeding R12 000 will incur a duty charge of 20%)Wine not exceeding 2 litres per person over the age…

Mossack Fonseca: China to Stimulate Economy with Supply-side Economics - China will change its business tax (BT) to a value added tax (VAT) this year, which will lead to a reduction in taxation, as per a statement by China’s State Council after a meeting on Jan 22, 2016. The Chinese Government is embarking upon one of the most ambitious tax reform programs in recent history by replacing their BT with a VAT.

Mossack Fonseca: China to Stimulate Economy with Supply-side Economics - China will change its business tax (BT) to a value added tax (VAT) this year, which will lead to a reduction in taxation, as per a statement by China’s State Council after a meeting on Jan 22, 2016. The Chinese Government is embarking upon one of the most ambitious tax reform programs in recent history by replacing their BT with a VAT.

When visiting Europe, you'll find that many goods and services are assessed a "value added tax," or VAT.

When visiting Europe, you'll find that many goods and services are assessed a "value added tax," or VAT.

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