Last Jan. 16, 2025, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 5-2025, amending certain provisions of RMC 11-2024 (Leases), 1 ...

The dispute centers on the applicability of a concessional tax rate of 25% available to domestic companies under the Finance Act, 2017, for companies whose turnover in FY 2015-16 does not exceed ₹50 ...

The National Treasury has revealed just how much money South African taxpayers are forking over annually. The figure will ...

The National Bureau of Statistics (NBS) announced plans to include illicit activities like pr0stitution and drug sales in Nigeria's GDP calculation ... Hayatu also opposed VAT increases, stressing ...

Dear Mike, Everyone in the farming community is up in arms about the inheritance raid by “Rachel From Accounts”, ...

President Prabowo Subianto made a U-turn just hours before the hike was implemented, deciding it would apply only to luxury goods and services. Despite the reversal, the government decided to keep the ...

Overall, the total collection in Q3 indicates gross VAT collections of N4.8trn over the 9M 2024 period, double the N2.4trn received in 2023. The robust expansion in VAT revenue was driven by ...

Under B2C transactions, foreign DSPs must directly file and pay the VAT based on their gross sales, either quarterly or monthly. The IRR also outlines the simplified registration system ...

The scheme lets you work out what you owe HMRC in VAT as a percentage of your gross turnover and pay a reduced, fixed rate to HMRC – the rate set depends on your business type. You keep the ...

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 ...

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 ...