No value-added taxes (VAT) on fruit and vegetables, but increased VAT on meat and milk would have a positive effect on ...

VAT is now being added to private school fees after new rules came into force on 1 January. The government plans to spend the ...

The Philippines has taken a step to boost tourism and enhance the shopping experience for international visitors through ...

While hiking value-added tax (VAT) on 43 goods and services, the National Board of Revenue (NBR) is also focusing on widening ...

Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on January ...

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said it is possible for the ...

THE Bureau of Internal Revenue (BIR) has ruled to exempt from taxation the transfer of assets and the issuance and transfer of securities.  Signed by Finance Secretary Ralph G. Recto, Revenue ...

After years of worsening educational inequalities, from January 1, private schools will have to pay 20 percent value added ...

The U.K. will end a tax exemption for private schools Wednesday, the center-left Labour government has announced, in a move ...

Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes in the form of retail sales tax and excise tax (tax imposed on certain ...