A proposed tax amendment could deliver a serious financial blow to schools that claim VAT, potentially creating major cash flow problems if it comes into effect. This was the warning from tax experts ...

If the turnover threshold or limit for registration for VAT had been adjusted for inflation annually since the last increase in 2009, it would now be around R2.1 million. Instead, it has not been ...

MANILA – The Supreme Court (SC) has clarified that businesses registered with the Philippine Economic Zone Authority (PEZA) are not completely exempt from paying value-added tax (VAT). In a decision ...

The South African Revenue Service (SARS) has confirmed that it will implement Finance Minister Enoch Godongwana’s decision to reverse the planned 0.5% increase in Value-Added Tax (VAT), which was ...

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has cautioned the federal government, the National Assembly, and the Taiwo Oyedele-led Presidential Fiscal Policy and Tax Reform ...

Value Added Tax or VAT, as it’s commonly called, is a tax on the supply of goods and services in Nigeria. Whether you’re running a business or making major purchases as an individual, you need to ...