On May 8, the BIR issued Revenue Memorandum Circular (RMC) No. 47-2025 clarifying some issues regarding the value-added tax (VAT) on digital services imposed by Republic Act No. 12023. Earlier, the ...

Private school fees have soared by 22.6 per cent in the past year ... follows the government's introduction of a 20 per cent VAT charge on private school fees, implemented on January 1st of ...

The large increase in 2025 compares to smaller rises of just 8.4 per cent in 2024 and a 6.4 per cent in 2023. It suggests a portion of the value of the VAT has been passed on to parents ...

The proposal to lower the value-added tax (VAT) registration threshold to include businesses with annual revenue of less than 1.8 million baht could increase the burden on small retailers already ...

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.

JOHANNESBURG - The proposed VAT increase, which was meant to be implemented next month, has been reversed. Treasury issued a statement shortly after midnight on Thursday. The VAT rate was ...

In a media statement issued on its website in the middle of the night, the National Treasury announced the reversal of the controversial VAT increase, which was meant to take effect in a week's ...

Deputy Prime Minister Ho Duc Phoc announced that government spending will increase this year, with approximately $6.7 billion allocated to fund early ... resolution on reducing the value-added tax ...

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 ...

Among these are the VAT treatment of purchases and importations made by or sales made to export-oriented enterprises. Sales of goods to export-oriented enterprises. Sale of goods to export ...

In addition, RA 12079, an act creating a VAT refund mechanism for non-resident tourists, was signed on Dec. 6. Essentially, these laws cover three types of VAT refunds. First, a refund of input VAT of ...

Tourists can avail a 15% VAT refund upon their departure Tourists from GCC countries, including the UAE, will be treated the same way as tourists from outside the GCC for VAT refunds. Gulf News ...