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 ...

Yesterday, it issued the notification for the new rates of VAT and SD on nearly 100 goods and services. The new rates will take effect today. For all latest news, follow The Daily Star's Google ...

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 ...

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 ...

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 ...