- Recent directive by GRA on VAT invoices causing controversy in business community
- Directive aims to streamline tax compliance and enhance transparency
- Concerns raised about potential deficiencies in directive
- Importance of robust enforcement of tax laws for fiscal integrity and fairness
- Directive mandates demand for VAT invoices for expense deduction
- Concerns about lack of clear legal basis and ambiguity in directive
- Directive may lead to legal challenges and concerns about validity
- Directive overlooks critical provisions in Income Tax Act concerning expense deduction
- Need for policy revision to address shortcomings in directive
Source: thebftonline.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
