The Manila Times on MSN

Intercompany offsetting agreement in VAT refund cases

IT is common for multinational companies to enter into intercompany offsetting agreements to streamline transaction with ...
JD Supra

VAT tax consequences due to the offsetting of debts

In any type of transaction, it is usual for two parties to enter into a debtor/creditor relationship and use the legal concept of compensation as a method of payment for their respective debts, making ...