Non refundable VAT and IFRS16
Normally, VAT does not form part of the value of the asset on the balance sheet. And what if the VAT paid, the so-called non-refundable VAT, cannot be offset for tax purposes? In that case it is customary to report …
Normally, VAT does not form part of the value of the asset on the balance sheet. And what if the VAT paid, the so-called non-refundable VAT, cannot be offset for tax purposes? In that case it is customary to report …