However, the effective operation of the VAT breaks down in the presence of exemptions. Unlike zero rates, exemptions deny input tax credits, thereby increasing production costs and resulting in VAT ...

Businesses appreciate the Trump administration’s approach to ensure that the US tax system and the global minimum tax framework don’t overlap, officials from some of the largest American corporations ...

As the digital economy continues to expand, governments worldwide are adapting their tax systems to keep pace. The Philippines is no exception. Starting on June 2, digital services consumed within the ...

Past OPA audits found that alcohol wholesalers essentially pay sin taxes on the honor system. Wholesalers tell the Department of Revenue and Taxation how much they owe, and only have to verify it ...

Countries that care about the fair taxation of tech multinationals and equitable global distribution of wealth should back ...

One of the features is the new VAT sharing formula. Under the proposed structure, 50 percent of Value Added Tax revenue will ...

Nigeria’s Senate has passed four major tax reform bills, which are being described as the most significant overhaul of the country’s tax system in decades.

Fernando Matesanz of Spanish VAT Services calls for a rethink of national VAT frameworks after two key judgments that support ...

Indonesia's underperforming VAT system should bring the informal sector into the tax framework, closing loopholes that cost ...

President Trump’s new import taxes are based not on specific goods like cars or steel, but on how he thinks other countries ...

The Kenya Finance Bill 2025 has introduced new digital tax rules and VAT exemptions for local tech and manufacturing sectors.

"I want a broad ranging process to reform our tax system," Ms Spender said. "That's not about ad hoc changes to individual taxes. It's about explaining to the electorate why we need reform." ...