Presidential Advisor on the Economy, Seth Terkper, has reaffirmed the importance of Value Added Tax (VAT) as one of Ghana’s four most stable tax sources, alongside income tax, sales/service taxes, and ...

Taxation is a crucial pillar of Ghana’s economic development, ensuring the government has the necessary revenue to fund ...

The House of Representatives on Thursday considered and adopted the four tax reform bills.The bills were adopted after a clause-by-clause consideration and approval at the Committee of the Whole, ...

Nigeria's parliament passed tax reform bills, aiming to improve revenue collection and streamline tax laws. However, key proposals like VAT increase and revenue allocation were modified. The bills ...

Faleke noted that the committee recommended that Value-Added Tax (VAT) be based on consumption, maintaining the rate at 7.5%.

The lawmakers considered the recommendations clause-by-clause, after the committee chairman James Falake moved the motion.

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but the move was still rejected by trade unions who say any rise in ...

which is added to the state sales tax. Many countries outside the United States impose a value-added tax rather than a sales tax. How Sales Taxes Work Conventional or retail sales taxes are only ...

The VAT threshold is the volume of annual turnover at which businesses are required to register for value-added tax (VAT). Since April 2024, the UK VAT registration threshold has been £90,000. VAT ...

He explained Orban’s announcements in detail, here are the details on VAT refunds and tax exemptions: As we wrote yesterday, PM Orbán announced unique tax exemptions, possible food price caps, and a ...

South African Finance Minister Enoch Godongwana cancelled the unveiling of the country’s 2025 Budget as it was due to be released. The move is unprecedented in the country’s history.

The Export Marketing Bureau (EMB) of the Department of Trade and Industry plans to release a new set of procedures for local exporters seeking value-added tax (VAT) exemption and zero rating by ...