The National Board of Revenue (NBR) has extended the deadline for VAT return submission till March 18 following a technical glitch in its online system, the Integrated VAT Administration System.

Although the VAT in the Digital Age package changes will take a few years to be implemented, businesses need to start ...

When a VAT-registered company submits its VAT return, there will sometimes be a refund due. This occurs when the business has paid out more in VAT in the qualifying period than it has received.

CREATE MORE (Republic Act 12066) made significant clarifications on the taxation of and incentives enjoyed by registered ...

Gold mining title holders will in future be tarred with the same brush as the second-hand gold industry to address concerns ...

By Joshua Worlasi AMLANUA tax expert has said government’s plan to reform the value added tax (VAT) regime could simplify compliance, reduce distortions and strengthen the country’s revenue ...

Instead of adjusting thresholds in isolation, it is time to reimagine the Vat compliance system by leveraging modern ...

At present, the standard VAT rate is 15% across the board, but it has been segregated to different slabs like 10%, 7.5% and 5% in different sectors that actually caused difficulties for traders as ...

Malcolm Macaskill, 65, filed bogus forms to HMRC which grossly overstated the sales from his sandwich businesses to reclaim more than £800,000.