TaxBlitz
TaxBlitz is a publication of MUC Consulting to provide our clients and business relations with information of latest tax policies or regulations. It can not be equated as professional advice or as a basis for formulating a business strategy. For subscription of Tax Blitz, please send your request by email to ask_muc@mucglobal.com.
TaxBlitz #1-2021
The government regulates the mechanism for collecting VAT on transactions between SOEs
The government affirms the obligation to collect Value Added Tax (VAT) and Sales Tax on Luxury Goods (STLG) in the transaction of delivering goods and/or services between State-Owned Enterprises (SOEs). In this case, VAT collection obligations are charged to state-owned companies and/or subsidiaries which deliver goods and services.
