With the recent approval of maintaining current VAT rates and intensified efforts to tackle counterfeit goods, the retail ...

The Goods and Services Tax (GST), introduced in India on 1 July 2017, marked a significant tax reform aimed at creating a unified indirect tax system. As the na ...

VOV.VN - Petrol prices across Vietnam have been reduced following the implementation of a 2% value-added tax (VAT) cut, starting July 1.

Over the years, we’ve witnessed remarkable innovation, from the early days of basic communication tools to the sophisticated digital platforms we rely on today. What began with simple devices for ...

Fundamental flaws in the tax system has undermined revenue collection and forced government into an unsustainable borrowing cycle, former finance minister and current Special Presidential Advisor on ...

Mr Seth Terkper, the Advisor on the Economy to the President, has called for a simplified tax system, including Value Added Tax (VAT) for Ghana, cautioning against distortions in the country’s main ...

The Vietnamese National Assembly has approved an extension of the value-added tax (VAT) cut, reducing the rate from 10% to 8% ...

VAT is a general consumption tax applied to most goods and services within the UAE. By default, VAT applies throughout the country.

AS digital service users denounced the imposition of a 12 percent value-added tax on digital services, the government’s stance on “leveling the playing field” is insensitive to consumers and ...

VAT is a consumption tax, so it only affects the income that a household consumes. According to the International Monetary Fund (IMF), VAT is now the mainstay of tax systems in over 160 countries, .

While VAT is a consumption-based tax, aimed at improving revenue collection efficiency and reducing tax evasion, excise taxes, that will also increase, are duties imposed on specific commodities ...

“In particular, increases in consumption tax rates raise the prices of domestic and imported products equally.” That’s why tax experts don’t see VAT border adjustments as trade barriers.