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The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) issued new regulations to clarify value-added tax rules on local sales for ...

Value Added Tax (VAT), popularly known as VAT, is a tax levied on the value added at each stage of a product’s production and ...

The European Commission has recently released the revised proposals for the ‘VAT in the Digital Age’ (ViDA) reform, which are slated to be discussed by the Economic and Financial Affairs Council ...

The government has withdrawn the value-added tax (VAT) on liquefied petroleum gas (LPG). The information was confirmed to the ...

To ease the tax burden on liquefied petroleum gas (LPG), the Advisory Council has approved a proposal to waive the 7.5% VAT and 2% advance tax imposed at the local production and trader levels, ...

Under the new decision, the existing 7.5% VAT at the production and trading levels and the 2% advance tax at the import stage ...

South Africans should not expect an increase in VAT to be announced in the Budget speech next week, but a hike is still likely in the works.