A deluge of media fury has blamed recent private school closures on the government’s decision to impose VAT on school fees. One commentator even claimed the move was “akin to what we have seen from ...

Gifted private school students from lower-income families will be spared VAT charges on fees, the Government has said. Ministers have said the Government would provide financial support to pay the ...

Offshore DSPs shall immediately be subject to VAT after 120 days from the effectivity of the IRR. The BIR shall submit the draft IRR to the Finance department and has until Jan. 16, 2025 to issue ...

Rising from its engagement with the Presidential Committee on Fiscal and Tax Reforms in Abuja on Thursday, the NGF endorsed an updated VAT distribution formula. The governors proposed that the VAT ...

The incoming government intends to cut the VAT rate to 9% for food-based hospitality, entertainment and hairdressing in the next budget. It is also understood the new programme for government will ...

There are plenty of rules around how much tax you pay, and when you might be due a refund You’ll likely pay VAT (value added tax) most days without being very aware of it, as the tax is added to ...

The government has increased Value Added Tax (VAT) and supplementary duties on over a hundred goods and services midway through the current 2024–25 fiscal year. Two ordinances related to these changes ...

We examine the implications of Vietnam’s new Value Added Tax (VAT) Law, set to take effect on July 1, 2025, which introduces significant changes to the country’s VAT regulations. With the enactment of ...

Indonesia’s VAT system is undergoing significant changes, with the standard rate increasing to 12 percent effective from January 1, 2025. This adjustment marks a pivotal development in the country’s ...

Cambodia's Malys Angkor rice was recently crowned World's Best Rice 2024, allowing producers to showcase the important role the rice plays in the nations culture. The ceremony took place in ...

Work out how much VAT you'll need to pay on top of a builder's quote or on other purchases. Different rates of VAT apply to different goods and services. There are currently three rates - the ...