Refunds of value-added tax, known as VAT, can be worth a "chunk of money" for U.S. travelers to Europe, depending on what they buy and in which country they purchase the item, said Sofia Markovich, a ...

Serious weaknesses in the way the tax department carries out value added tax audits have exposed the state to potential revenue losses, with years-long delays, inadequate investigations and millions ...

A couple weeks ago, I bought $220 worth of gifts at a store in Sorrento, Italy. The clerk punched buttons on the cash register. A receipt as long as my arm printed out. “This is your form,” he said, ...

For nearly two decades, Sri Lanka’s exporters operated under one of the more distinctive features of the country’s VAT regime ...

The Supreme Court (SC) has clarified the rules governing the reckoning period for processing value-added tax (VAT) refund ...