It is a proven fact that value added tax (VAT) is a regressive tax which burdens the poor more than the rich. Finance minister Patrick Chinamasa proposed VAT on basics when he presented the 2017 ...

Windhoek — In this series of articles, Cameron Kotze - the Tax Partner at Ernst and Young - discusses some topical tax issues for our readers. VAT is an 'indirect tax'. This means that the person who ...

VALUE Added Tax (VAT) development across the globe has been a major success story in taxation over the last half century, but even with its long existence there is a still need for more improvements ...

Amid increasing prices and people’s decreasing purchasing power, the Value Added Tax on basic food products has been reduced from 8 to 1 percent. Economists warn that this reduction may not affect the ...

(MENAFN- Khaleej Times) As consumers in the UAE wait with bated breath for the final Value Added Tax (VAT) law to assess the eventual impact of the impending reform on their cost of living, most tax ...

MANILA, Philippines – Senator Loren Legarda filed two bills to lower prices on basic goods and services while expanding value ...

Ilocos Norte Governor Imee Marcos claimed on Sunday that suspending the Value Added Tax on basic commodities for a year would help more Filipinos cope with the impact of skyrocketing inflation. In a ...

It is unclear how effective government machinations to reduce the VAT on necessary goods will be, following reports on Wednesday that authorities are looking to completely axe tax on items like bread, ...