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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
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According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
<p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
<p>
</p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
<p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
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</p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
<p>
</p>
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
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According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
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According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
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The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
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He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21st time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government.
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services.
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.
He added that the department is issuing a public notice shortly to announce the new provision of VAT.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
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The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
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June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
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'summary' => 'June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21st time.',
'content' => '<p>
June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
<p>
</p>
<p>
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'created' => '2019-06-03',
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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'title' => 'Government Amends VAT Regulations',
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'summary' => 'June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21st time.',
'content' => '<p>
June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
<p>
</p>
<p>
</p>
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'title' => 'Government Amends VAT Regulations',
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'summary' => 'June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21st time.',
'content' => '<p>
June 3: The government has amended the Value Added Tax (VAT) Regulations for the 21<sup>st</sup> time. The government reportedly amended the regulations to enforce strict rules against import-based companies and contractors.</p>
<p>
According to the new provision, both the buyer and the seller have to pay 50-50 percent of VAT to the government. So far, only the buyer had been paying VAT amount to the government. </p>
<p>
According to the amended regulation, public offices as well as other institutions and individuals registered under VAT have to deposit 50 percent of the tax at the concerned government office themselves for any transaction relating to contract agreements or for rendering goods and services. </p>
<p>
Likewise, the revised provision of VAT restricts the companies to receive full payment for rendering goods and services. The other half of the 50 percent tax which the party winning the contract (promisee) is eligible to pay to the government has to be paid by the party issuing the contract (promisor).</p>
<p>
The officials at the Inland Revenue Department informed that the government imposed the new rules after finding that the contactors failed to pay the VAT amount even after completion of the projects.</p>
<p>
One of the officials from the department informed New Business Age that the new provision of VAT is not for all taxpayers but only for goods and service providers.</p>
<p>
He added that the department is issuing a public notice shortly to announce the new provision of VAT. </p>
<p>
</p>
<p>
</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
