Because the VAT does not affect the prices firms ultimately pay for inputs, it does not distort production decisions and does not create "cascading"—the "tax on tax" that arises when tax is charged ...

According to tax experts, the amendment of the Value Added Tax (VAT) Act in the Finance Bill 2025 could increase the consumer ...

The government has been pushing to attract more investors for the Philippines to become more competitive with other ASEAN countries. Recent tax laws are trying to keep up with the digital world, where ...

A marketing company engaged in building brands has won a €2.55m VAT battle with the Revenue Commissioners.

It is the responsibility of the Kenya Revenue Authority (KRA) to ensure VAT registered persons ... that they have declared output tax before claiming the attendant input tax.

Vendors are expected to charge VAT at the rate of 15% and not 15.5% for the relevant goods and services as per the VAT Act.

While materials and construction activities are subject to VAT, sale of buildings has been exempt. This has created pressure for special refund schemes for builders to recoup their input VAT. Taxing ...

repay to the firm the input Vat incurred by the company relating to its non-economic activities where there is a direct and immediate link with the company’s output transactions which give rise ...

repay the firm the input VAT incurred by the company relating to its non-economic activities where there is a direct and immediate link with the company’s output transactions which give rise to ...