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Is VAT charged on insurance claims?

Olivia Baker | 2023-06-10 01:27:01 | page views：1139
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Lucas Lee

Works at the International Organization for Migration, Lives in Geneva, Switzerland.
VAT on insurance claims is often not properly accounted for. When an indemnity payout is received for destruction, loss or damage to an asset used in a business enterprise. ... With regard to insurance payments, the correct position is as follows: Premiums paid - input tax is claimable, subject to normal requirements.
2023-06-19 01:27:01
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Sophia Patel

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VAT on insurance claims is often not properly accounted for. When an indemnity payout is received for destruction, loss or damage to an asset used in a business enterprise. ... With regard to insurance payments, the correct position is as follows: Premiums paid - input tax is claimable, subject to normal requirements.
692. VAT and insurance claims - Saica
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