The VAT zero-rating of basic foodstuffs is aimed at alleviating the regressivity of the tax to ensure that poor people do not ...

ISLAMABAD: The Drug Regulatory Authority of Pakistan (DRAP) has sought applications for the appointment of membership of the ...

South Africans have had time to scrutinise the Budget Speech 2025 and its related documents, with diverse responses to key proposals and major decisions. As activities around the ...

WH senior counselor Peter Navarro explained the Trump administration's goals on international trade during an interview on FNC's "Sunday Morning Futures." PETER NAVARRO: The reality here is that ...

Many essentials, such as white bread, margarine, tea, coffee, and processed foods are taxable, meaning the VAT hike will ...

With South Africa's Budget 2025 on the horizon, the government's proposed VAT increase raises alarm bells amid a struggling ...

The committee also amended Section 77, introducing a new formula for distributing VAT revenues to local governments ... to increase it gradually to 15 per cent by 2030. The committee also made ...

Financial consultancy PwC has laid out three ways South Africa can stave off its 22 cents disaster—but the quickest and ...

The lawmakers also altered the VAT distribution formula for ... The section initially proposed a sharing formula that gives the federal government 15%, state government and FCT 50%, and local ...

VAT distribution formula and 7.5% rates Key among the clauses ... the current 7.5% as opposed to proposed staggered increase to 15% by 2030. Ecclesiastical institutions expunged A controversial ...