Value added tax is charged on goods and services

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Reference no: EM131047638

In some of the countries where FAO operates, Value Added Tax (VAT) is charged on goods and services and in those countries where FAO is not exempt from VAT, the amount paid as VAT is claimed and subsequently refunded by the government in line with statutory requirements. Briefly explain how you think FAO should manage and monitor this process from the point of purchase of goods/services to the point of receiving refund from the government.

Reference no: EM131047638

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