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Romanian Meat Industry Expects VAT on Meat to be Cut

2015-02-27 01:00:00| ThePigSite - Industry News

ROMANIA - Following efforts by the Romanian Meat Association (ARC) which has been calling on the country’s government to reduce the value-added tax (VAT) on meat, the recently released new draft of the country’s Tax Code states that the VAT on meat, fish, vegetables and fruit will be lowered 24 per cent to nine per cent starting in 2016.

Tags: industry cut meat vat

Real Estate: 5% VAT to make housing more expensive - " Orel CEO

2015-01-12 14:17:31| Real Estate - Topix.net

The Chief Executive Officer of Orel Ghana, Richard Mantho, has told Starr Business that the five percent Value Added Tax imposed on the operations of the real estate industry could deal a blow to the quest towards reducing Ghana's housing deficit. Already some real estate developers have raised concerns about the imposition of the VAT.

Tags: make real estate real estate

Procurement agencies told to pay VAT on sale of paddy byproducts

2014-12-11 07:42:23| Agriculture - Topix.net

The state excise department has served notices to the district drawing and disbursing officers of all five grain procurement agencies in Punjab and the Food Corporation of India to pay value-added tax , since 2011-12, on the amount generated by the sale of byproducts of paddy by rice shelling mill owners. The liability of each state procurement agency - Punsup , Pungrain , Punjab State Warehousing Cor poration , Punjab Markfed and Punjab Agro Industries Corporation Limited - and the FCI, on this count could run into crores of rupees, as estimates suggest that every kharif season, rice millers in the state sell byproducts of paddy - rice bran, rice husk and small broken rice - valued at around ` 800 crore in the open market.

Tags: sale pay told agencies