The headmaster of a 125-year-old boarding school has revealed that Labour 's tax raid has cost them £2million and forced them ...

In taking a leap towards digitalisation and efficiency, the Inland Revenue Department (IRD) has announced that all taxpayers ...

KRA primarily validates the accuracy of VAT returns by checking whether input and output VAT are correctly reported and ...

FINANCE Secretary Ralph G. Recto has ordered the Bureau of Internal Revenue (BIR) to swiftly implement the value-added tax (VAT) exemption on the expanded list ...

In FY24, the government targeted a revenue-to-GDP ratio of 9.6%. It achieved just 8.2%. This pattern is not new. Since FY20, the ratio has hovered around 8%, despite targets being revised downward eac ...

When conducting a business in the EU, understanding tax regulations can become challenging. Each EU country has a standard rate (usually 15%) which applies to the supply of most goods and services.

Housing is increasingly being built for investors rather than owner-occupiers, thanks to government policy, researchers ...

Finance Secretary Ralph Recto ordered the Bureau of Internal Revenue (BIR) to accelerate the implementation of value-added ...

Highlights SMEs fear increased costs, lower sales Stakeholders call for reversal of increased VAT e-CAB proposes 0% VAT SME Foundation demands budget support Amid the struggles the country's small and ...