The first phase of the implementation is immediate and will activate automatic deduction and remittance of all naira payments including VAT, withholding tax, others.

As the National Assembly moves toward the final passage of President Bola Tinubu's proposed tax reform bills, both the Senate ...

The final VAT is the sum of the tax paid at each stage. This system is unlike a sales tax in the United States, which is imposed by states on the final sale of the good. In Europe, VAT rates vary ...

Business representatives, researchers, and investment promotion groups have proposed policy consistency, uniform tax holidays for special economic zones, and a standardised VAT rate to boost and ...

This article explores common VAT misconceptions, clarifies the applicable rules, and provides practical guidance on how ...

Singapore extends GST remission in 2025 budget; UK closes in on e-invoicing; two new partners at RSM Belgium and more ...

The party said alternatives to a VAT increase should include stricter capital regulation, tackling illicit financial flows ...

Cabinet met again on Monday to try to break the deadlock on upping the VAT rate to 17% – before the finance minister is due ...

Rupa Huq called for MPs to ‘think creatively’ and said the system will only become more ‘elitist’ under the tax policy ...

It suggested lowering the minimum tax rate on carbonated beverages to 0.6% and reducing the supplementary duty from 30% to 15% ...

U.S. President Donald Trump says value-added taxes carry a lot of blame for America's near trillion dollar trade deficit with ...

Two leading business chambers yesterday demanded the cancellation of a Tk 36 lakh cap on cash expenses to qualify for lower corporate tax rates, calling the requirement impractical.