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the Government would be GST-registered to provide a level playing field with the private sector; a Tourist Refund Scheme would be included to allow visitors to obtain a refund of GST on goods they had purchased in Hong Kong and were taking home with them; and; charities would be treated as "taxable persons" to allow them to reclaim input GST.
Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax , goods and services tax (GST), value added tax (VAT), or consumption tax .
As a result, Hong Kong is considered to be favourable for profit shifting and conducting re-invoicing activities. In July 2006, a Proposal of Legislation of Goods and Services Tax (“GST”) was made by the Government, who argued that tax base in Hong Kong was urged to be broadened.
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Alberta, Yukon, Northwest Territories, and Nunavut have no territorial sales taxes, so only the GST is collected. Other provinces have either a Provincial Sales Tax (PST) or the Harmonized Sales Tax (HST), which is a single, blended combination of the GST and PST.
IRS has tool to inform filers on refund status The IRS issues most refunds in about three weeks, but it could take four weeks or more to process your return if you mailed it in as opposed to ...