Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

Auctioneers carrying away electronics and other office equipment during a past raid /FILE Cars and other assets seized by banks for loan defaults will be subjected to Value Added Tax following a Tax ...

The heavy loss of revenue due to the government's failure to bring all high-cost luxury item sellers into the value-added tax (VAT) net is alarming. Consider the case of gold. According to a report by ...

The new VAT law introduces several key changes including the scope of taxable transactions, clarification of "deemed sales", non-taxable items, ...

Americans pay less in taxes than citizens in many other developed countries. But there are tradeoffs for those savings.

Around 32,000 jewellery shops in the country are operating without value-added tax (VAT) registration, apparently evading the ...

Most entrepreneurs want the government to raise tariffs on products imported to Thailand if it continues with its tax reform ...

The Nigerian Senate will be receiving tax reforms report from the Special Committee constituted for the purpose by the Senate next ...

The issue of the taxability of intra-group supplies in the context of a VAT group has been of concern to taxpayers for many years. The starting ...

The Supreme Court has handed a victory to Doehle Shipmanagement Philippines Corp. in a dispute over unutilized input ...

Currently, only 137,700 taxpayers—just 6% of Kazakhstan’s 2.3 million registered taxpayers—are VAT payers. Among these, only ...