The SA Revenue Service (SARS) has issued a warning to vendors and consumers about the implications of the reversal of the scrapped 0.5% VAT rate increase. SARS Commissioner, Edward Kieswetter, noted ...

In order to finance the implementation of new and current expenditures, an increase in the VAT rate was tabled. Treasury argued that the growing budget deficit and high debt servicing costs will be ...

The 9 per cent VAT rate currently applied to gas and electricity is to be extended by the Government for a further six months until the end of October. It means that the rate will not return to its ...

Restoring the 9 per cent VAT rate for food and catering, as Minister for Finance Paschal Donohoe has signalled is his intention, will come at a “significant cost” of €675 million per year. Fine Gael ...

There is no general legislative right of recovery except where there is a change in the VAT rate, fraud, or misrepresentation by the recipient. The implementation of the 0.5% value-added tax (VAT) in ...

The new draft programme for government includes plans to cut the VAT rate to 9% for food services, entertainment and hairdressing in the next budget. The move has been widely welcomed by food and ...

The Government of Ghana (the ‘’Government’’), acting through the Minister for Finance, presented the Mid-Year Fiscal Policy Review of the 2025 Budget Statement and Economic Policy for 2025 financial ...

One of the most important political issues that the Japanese government has faced is when to implement the planned consumption tax rate hike, which was announced recently by Prime Minister Shinzo Abe ...