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The Daily Star
SATURDAY, 25 MAY 2013
08:16 AM Beirut time
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Finance Ministry warns firms on VAT refunds
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BEIRUT: The Finance Ministry said Tuesday it would only authorize value added tax refunds for companies providing full invoice documentation. “We will reject outright any VAT reduction or refund if any information is missing,” a statement said. The statement added that invoices should include concerned persons’ fiscal number, address, a full invoice serial number and full name. Revenues from VAT surged by more than 5 percent in the first eight months of this year to reach $1.5 billion.

 
A version of this article appeared in the print edition of The Daily Star on January 09, 2013, on page 5.
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Story Summary
The Finance Ministry said Tuesday it would only authorize value added tax refunds for companies providing full invoice documentation.
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