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OECD reduced economical growth forecast again

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The Organisation for Economic Co-operation and Development (OECD) reduced its global economic growth forecast by 3.3% for 2019 and 3.4% for 2020 on its...

Vat percentage of a material is reduced to 8% from 18%

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Our company produces kitchen cabinets. In the progress payment/agreement made before VAT discount, the parties agreed on 18% VAT. Do I have to draw...