Following the passage of the Value Added Tax Act, 2025 (Act 1151), which takes effect from January 1, 2026, the VAT rate has been cut to 20% from its previous rate of 21.9%. This comes after the ...

This will also include the deployment of digital channels like the E-VAT for accurate collection. Meanwhile, in a New Year message to the country, the Commissioner General stressed collaboration ...

More countries are adopting the VAT, and its contribution to global revenue is rising Two thousand years ago when the emperors of China began building a great wall to defend their domain from fearsome ...

The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed at governing the country’s largest source of tax revenue and set to come into ...

Reverse charge mechanism aims to reduce tax fraud and improve efficiency in scrap trade Add as a preferred source on Google Under the current system, scrap metal suppliers charge VAT to their ...

A VAT, or a value-added tax, might as well be French for “big government.” Paul Ryan and Kyle Pomerleau’s proposal for a destination-based cash-flow tax as “A Tax-Reform Alternative to Trump’s Tariffs ...

In this video, I unpack my personal experiences with narcissistic triangulation—when someone brings others into an argument to isolate you and make you feel like you're in the wrong. I share examples ...

Sweden will halve its VAT on food products as part of its 2026 budget as it looks to reduce the burden of inflation on Swedish families. A statement from the country’s Ministry of Finance today (4 ...

The Council today formally adopted new value added tax (VAT) rules for distance sales of imported goods. The directive will improve collection of VAT on imported goods by ensuring suppliers are always ...

Breakdown of VAT States generated in Q1 2025 New figures for the first quarter of 2025 show that Nigerian states generated billions in Value Added Tax (VAT), with Lagos State leading at N819.62 ...

The Council reached agreement on the position of member states (the so-called ‘general approach’) on the directive on value added tax (VAT) rules for distance sales of imported goods and import VAT.

Pro Vice-Chancellor, Climate, Sustainability and Inequality and Director, Southern Centre for Inequality Studies, University of the Witwatersrand South Africa’s 2025-6 budget has been subjected to ...