The current tax and levy rates should be simplified to further enhance the neutrality of VAT. For example, the current four tax rates applicable to general taxpayers can be reduced to three, with the ...

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on VAT Group AG (VTTGF – Research Report) ...

Polling by the Private Education Policy Forum (PEPF) found that 54% of voters support Labour's decision to bring in VAT on ...

Amid much controversies, the tax committee has said the FG can choose to retain status quo and discard the VAT reforms.

President Prabowo Subianto's policy to implement a 12 percent value-added tax (VAT) for luxury goods reaffirms his ...

From this month, January 2025, private schools are no-longer exempt from paying the standard 20% VAT (value added tax) on fees they charge, under a recent government policy. The money will be put ...

“Private schools are expected to remain resilient in the face of the VAT policy and this lesser ... given the state of public opinion. “Instead, they could enter constructively into the ...

This Christmas season, should we really stream or use digital services and “chill” following the enactment of RA 12023 or the Value-Added Tax on Digital Services Law last Oct. 18, 2024?

The VAT rate will be increased to 12% only for goods and services that are already subject to existing luxury tax, such as private jets, yachts and pricier houses, President Prabowo Subianto said ...