Should the 0.5 percentage point value-added tax (VAT) increase, announced by Minister of Finance Enoch Godongwana on Wednesday, 12 March, be suspended, Godongwana says the consequences for the country ...

JOHANNESBURG: South Africa will not increase its value-added tax (VAT) from May 1, the finance ministry said on Thursday, after the proposed hike faced opposition from political parties and caused ...

The proposed VAT increase has been reversed and will remain at 15%, ending a two-month battle and legal challenges over the unpopular tax hike. The treasury made the announcement shortly after ...

This regulation introduces amendments to RR 16-2005, also known as the Consolidated VAT Regulations, as amended, particularly on VAT zero-rated and VAT-exempt transactions and the key changes made ...

Streaming service provider Netflix Inc. announced higher subscription prices across all plans beginning June 1, the day the 12-percent VAT in digital service providers will take effect in the ...

One of the matters that taxpayers and investors want to address is the challenging VAT refund process. While we recognize that taxes are the lifeblood of the government, which justifies strict VAT ...

Finance Minister Enoch Godongwana has defended his decision to increase the Value Added Tax (VAT) rate by 0,5%, saying that suspending the increase would have "severe and far-reaching ...

The Green Bay area is on the national football stage this week as it hosts the 2025 NFL Draft, an opportunity that took nine years to secure. The draft is April 24-26 and is expected to bring ...

The treasury announced shortly after midnight on Thursday that the VAT rate will remain at 15%, bringing to an end a two-month political battle over an imminent unpopular increase to the tax.

The Philippines is no exception. Starting on June 2, digital services consumed within the country will be subject to a 12% Value-Added Tax (VAT), following the signing of Republic Act (RA) No. 12023 ...

In a dramatic yet revealing turn of events, Finance Minister Enoch Godongwana’s abrupt reversal of the VAT increase has sparked renewed concerns about leadership, governance, and the actual ...