Blog

VAT / 21.10.2015

VAT treatment for not-for-profit organisations and charities can be a challenging area for both accountants and the organisations. Below, we clarify some key issues related to the topic.   What is Charity? Charities are often mixed with the term not-for-profit organisation, although there is no strict reference to...

VAT / 17.10.2015

If you are considering to make a property transaction, it is critical to understand the difference between exempt and zero-rated VAT. Here are the basics for your reference.   Residential Property If you have an existing residential property (i.e. a house) that you rent or sell, then you...

Business / 04.09.2015

Following our article regarding the VAT Recharge Scheme put in action January 1, 2015, where we provided you with the basics of the new legislation, here are the most frequently asked questions answered by our accounting specialists. Q: I have a small business that sells both...