Taxes & Compliance
General guides to VAT, GST and sales tax on invoices. Always confirm the details with a local tax professional.
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What Is a Tax Invoice?
People search "what is a tax invoice" when a client or a tax office asks for a document that shows tax clearly. In everyday language, a tax invoice is an invoice that includes the tax details the buyer needs for their records, such as your registration number, the tax rate and the tax amount. The ex...
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How to Create a Credit Note: Steps and Example
Sooner or later, every business needs to fix an invoice that has already been sent. Maybe the price was wrong, the client returned something or the project was cancelled. You should not simply edit or delete the original. The proper tool is a credit note. This guide explains how to create a credit n...
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Sales Tax on Invoices: The Basics for Small Businesses
Sales tax is one of those subjects that seems simple until you have to apply it. You add a percentage to the price, collect it and pay it over, right? In reality, whether you charge sales tax, how much and to whom depends on where you operate, what you sell and who you sell it to. This guide explain...
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GST Invoice Basics for Small Businesses
Goods and Services Tax, or GST, is a consumption tax used in a number of countries, including India, Canada, Australia, New Zealand and Singapore. If your small business sells in one of these places, you will probably need to understand how GST appears on an invoice. The idea is simple, but the deta...
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What Is VAT and How to Add It to Invoices
If you sell goods or services in many parts of the world, you will meet value-added tax, usually shortened to VAT. It affects the price you show, the way your invoice is laid out and the records you keep. For many new freelancers and small businesses, the rules feel intimidating. This article explai...