Retailers face growing VAT challenges worldwide. Discover four key strategies to improve compliance, reduce customer friction ...

THE Food and Drug Administration (FDA) has updated its list of medicines that are exempt from value-added tax (VAT).In a news ...

Currently, refrigerators and air conditioners are taxed at a reduced 7.5% VAT rate at the manufacturing stage, a policy that the National Board of Revenue (NBR) now plans to increase to the standard ...

South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of ...

The EFF had argued that the adoption of the fiscal framework by both houses was central in the unlawful process to ultimately ...

When the Tax Reform Bill becomes law, real estate transactions will be exempted from Value Added Tax (VAT), Taiwo Oyedele, ...

The European Union won’t negotiate changes to its value-added taxes or agricultural subsidies as part of trade discussions with the U.S., the bloc’s economy commissioner said early Wednesday. “We do ...

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into ...

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...

South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a ...

The court order also suspended the VAT increase until Parliament adopts legislation declaring the withdrawal of the VAT hike ...

The federal government has declared that the Tax Reform Bill, once enacted, will exempt real estate transactions from Value Added Tax (VAT), a move aimed at ...