taxable person


Also found in: Financial.

taxable person

is one who is, or who ought to be, registered for VALUE ADDED TAX as a result of the level of their TAXABLE TURNOVER.
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References in periodicals archive ?
The Taxable Person or an official representative can register through the e-Services portal, available 24/7 on the FTA website, which was designed according to best international practises to facilitate registering for VAT, filing VAT returns, and paying due taxes, in addition to providing information and guides to raise public awareness around the tax system.
In the context of business-to-consumer trade, a special VAT treatment will apply for sales and transportation of goods by a taxable person to a non-taxable person in another GCC country.
Tax changes of private individuals The definition of a taxable person has changed the Finance Ministry extended the definition of a taxable person with an unlimited tax liability to include an individual residing in the Slovak Republic.
8) of 2017 on Value Added Tax, the standard tax period applicable to a Taxable Person shall be a period of three calendar months ending on the date that the Authority determines.
VAT implementing regulations require the taxable person, or whoever is authorized to act on their behalf, to file returns no later than the last day in the month following the end of the tax period to which it relates.
Question 23: The VAT identification number should be deemed reliable proof of the customer's status as a taxable person when provided in the context of intra-EU cross-border supplies.
If you are then flagged as a potential US taxable person, you are asked to sign forms clearing up any inconsistencies of US indicia.
3) the goods and/or services are supplied by a taxable person in the performance of his/its economic activities, i.
In that instance, they would have to charge VAT themselves and recover the money that way: "When the taxable person has effected onward taxable transactions in that territory, he no longer has the right to a refund of that VAT under the eighth directive.
The decision followed on the heels of a European Court of Justice ruling where it was held that if fundraising was for the purpose of the business's economic activity VAT was recoverable because the taxable person was making taxable supplies.
The Sixth Directive states that VAT may only be reclaimed on goods and services supplied by one taxable person to another.
Bartlett contended it was neither illogical nor perverse for the tribunal to have held that no VAT was payable on riding services because they were provided by the jockey, who was not a taxable person registered for VAT, and not by the trainer.