MANILA – The Supreme Court (SC) has clarified that businesses registered with the Philippine Economic Zone Authority (PEZA) are not completely exempt from paying value-added tax (VAT). In a decision ...

The South African Revenue Service (SARS) has confirmed that it will implement Finance Minister Enoch Godongwana’s decision to reverse the planned 0.5% increase in Value-Added Tax (VAT), which was ...

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has cautioned the federal government, the National Assembly, and the Taiwo Oyedele-led Presidential Fiscal Policy and Tax Reform ...

In 2019, to deepen the VAT reform and promote substantial VAT reduction, the Ministry of Finance, the State Taxation Administration, and the General Administration of Customs jointly issued the VAT ...

Value Added Tax or VAT, as it’s commonly called, is a tax on the supply of goods and services in Nigeria. Whether you’re running a business or making major purchases as an individual, you need to ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Lower capacity countries often struggle to administer the Value Added Tax (VAT) in the extractive industries, partly due to ...

LUSAKA, Feb 23 (Reuters) - Konkola Copper Mines (KCM), a unit of Vedanta Resources, said on Monday that a resolution to a dispute with the Zambian government over value added tax (VAT) refunds would ...