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 ...

The High Court rejected the claim, brought by a number of children, parents and education providers, that the tax measures ...

Allahabad High Court rules GST input tax credit cannot be claimed on closing stock under UPVAT if goods were not sold before GST ...

Calcutta High Court overturns Tribunal's order for fresh VAT assessment in Jharna Saha case, ruling it's time-barred due to original notice ...

There are calls for tax relief and lower VAT on tickets to support the festival industry. The East Anglian Festivals Network ...

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.

Value Added Tax (VAT) is a consumption tax that is applied to nearly all goods and services that are bought and sold for use or consumption in the EU. The EU has standard rules on VAT, but these rules ...

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 ...