Consumers: • When making a purchase from a registered VAT Taxpayer, please ensure you receive a VAT sales receipt. VAT Registered Businesses: • There is a distinctive difference between zero-rated and exempt supplies; VAT cannot be charged on Zero-rated supplies. Any VAT paid on purchases made in producing zero-rated supplies may be claimed however VAT cannot be charged on Exempt supplies. The VAT paid by persons/businesses trading in exempt supplies cannot be claimed. For more information, please contact the IRD – VAT Section – 468-2800 or visit our website at vat.gov.lc
Posted on: Thu, 17 Apr 2014 15:00:58 +0000
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