Visit americanexpress.com to learn more. The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the minority, though: VAT, a multi-layered tax applied at each ...

Understanding value-added tax can seem tricky, especially when dealing with purchases or business operations in many ...

A recent IMF study concludes that the VAT can be a good way to raise resources and modernize the overall tax system—but this requires that the tax be well designed and implemented The rapid rise of ...

Government of PM Robert Fico is looking for ways to raise money to shrink budget deficit from 6 percent of GDP forecast for ...

From 2025, private schools will have to start paying VAT on their fees, after previously being exempt. The government says ...

Labour says it is removing the current exemption from value added tax (VAT) to fund 6,500 new teachers in England. VAT at the standard rate of 20% will be added to private school fees from 1 ...

THE total value-added tax collection for the second quarter of 2024 rose to N1.56 trillion from N781.35 billion in the ...

Nigeria is set to overhaul its tax system by reducing corporate taxes and removing value-added tax (VAT) on essential goods such as food and education. This move aims to support households, attract ...

THE chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, said the committee had proposed that ...

Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has clarified the committee’s ...

This report summarizes an expert visit on VAT refunds that provided Inland Revenue Department officials with examples of good international practice in VAT refund management and risk management.