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 ...

The National Board of Revenue (NBR) has set a target to raise Bangladesh’s tax-to-GDP ratio to 10.5 percent by the fiscal ...

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

THE Philippines still has room to implement reforms to enhance its taxation system and make collections more efficient, the International Monetary Fund (IMF) said.

Kerala High Court held that since assessment proceedings u/s. 25 (1) of the Kerala Value Added Tax Act, 2003 [KVAT] have been remanded, writ petition challenging penalty proceedings thereof is ...

The DVLA introduced a rise to Vehicle Excise Duty (VED) on April 1, 2025, which will affect all cars from traditional petrol and diesel vehicles as well as electric vehicles (EVs) ...

When working with high-net worth clients, Poliquin says a custom approach is always needed. He points to a recent family ...

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

The South African Revenue Service (SARS) Commissioner Edward Kieswetter has urged consumers to be vigilant at the point of ...

The Ministry of Finance is proposing tax exemptions for low-value goods imported via e-commerce platforms, aiming to simplify tax and customs procedures but raising concerns over potential pressure on ...

SARS says South Africans must ensure vendors charge them the correct VAT rate after a court suspended the increase.