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

In the third quarter of 2024, many outlets started reporting the proposed changes to value added tax (VAT) rate in South ...

KUSCCO has announced a series of training seminars for SACCO staff and leaders. KUSCCO is embroiled in a KSh 13 billion ...

The Standard VAT rate is 20%, which is imposed on most of the goods and services in the UK. How to calculate VAT? For the calculation of VAT inclusive, you need to multiply the original value by 1.2, ...

The government is struggling to generate sufficient revenue development and deal with the country's debt-to-GDP ratio ...

The failure to present the country’s Budget has exposed deepening divisions within the fragile Government of National Unity, with the ANC appearing to believe it still had the upper hand after ...

According to NBR data for the last quarter , there were more than 25,190 registered VAT payers and over 1,375 stores ...

all of which are VAT-inclusive expenses. Sellers may find it more expensive to prepare their homes for sale, while agencies might need to adjust commissions to compensate for rising operational costs.

on top of an already VAT-inclusive excise duty has resulted in a “tax on tax” scenario, making the system unfair and unnecessarily burdensome. Tax professionals this week highlighted that the ...