MANILA, Philippines – Former Interior secretary and senatorial aspirant Benhur Abalos Jr. is pushing for the removal of the Value Added Tax (VAT)...
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Value-Added Tax is a tax on the value added to the taxpayer. It is a tax imposed on the sale or exchange or lease of goods or properties or rendition of services and on importation of goods, as they pass along the production and distribution chain. It is a tax on consumption as this would be shifted or passed on to the buyer. Following the tax credit method, an entity can credit against the VAT charged on its sales or outputs the VAT paid on its purchases, inputs, and imports (GR 153866, February 11, 2005).
MANILA, Philippines – Former Interior secretary and senatorial aspirant Benhur Abalos Jr. is pushing for the removal of the Value Added Tax (VAT)...
The unprecedented postponement of the tabling of the Budget Review before Parliament by Finance Minister Enoch Godongwana over disagreements about tax...
The Privy Council has settled the issue of how Value Added Tax (VAT) is to be added to legal fees in Trinidad and Tobago. In a ruling on February 20,...
The Arewa Consultative Forum (ACF) has recommended the retention of the 7.5% rate of Value added Tax (VAT) in the Tax Reforms Bills. ACF’s...
The Arewa Consultative Forum (ACF) has recommended that the Value Added Tax (VAT) rate remain at 7.5% in Nigeria’s Tax Reforms Bills.
Single unemployed mothers and pensioners living in Johannesburg have raised concerns about the rising cost of living, questioning how Finance Minister...
As the Finance Minister Enoch Godongwana prepares to table the national Budget on Wednesday, February 19, several political parties have voiced their...
Finance Minister, Enoch Godongwana, proposed raising the value-added tax (VAT) from 15% to 17% to address a significant budget deficit. This proposal...
Tax season may stir up a feeling of dread, but it is one of the inevitabilities of being Canadian, and today — Monday, February 24 — is the first...
Asante Kotoko Interim Management Committee (IMC) Chairman, Nana Apinkra, has urged Sports Minister Kofi Adams to fast-track the implementation of the...