Finally! Vat on intercompany recharges explained
One of the many questions the users of the Accounting and Tax Club battle with is how to deal with Vat on intercompany transactions i.e. Vat on intercompany recharges. Is there VAT at all, and if so, who should pay it over, and who should claim it? Let's take a look at an example to explain Vat on intercompany transactions.
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