But the big question remains: who actually pays for VAT, and how does it affect the cost of everything you buy ... all the way up to the final sale. The VAT paid by shoppers is based on the ...

The heavy loss of revenue due to the government's failure to bring all high-cost luxury item sellers into the value-added tax (VAT) net is alarming. Consider the case of gold. According to a report by ...

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.

However, it may also strain state schools if a substantial number of students transfer from private institutions due to rising costs ... VAT will not be charged at the point of sale but instead ...

The pubco revealed lfl sales were 5.1% higher in the 25 weeks to 19 January 2025 than the same period a year ago.

As a result, even operating expenses, which are not classified as cost of sales or cost of services but still are connected to the export activities, may now qualify for VAT zero-rating if they are ...