The US also charges federal excise taxes on certain goods, including fuel, alcohol and tobacco products. Supporters of a VAT in the US claim it would streamline the revenue process and limit tax ...

European sales in America enjoy a cost reduction, whereas American sales in Europe pay the value added tax. From this ...

To continue with its drive to provide affordable healthcare to Filipinos, the Food and Drug Administration (FDA) has added 17 ...

South Africans were eagerly awaiting Finance Minister Enoch Godongwana’s 2025 Budget Speech, hoping for measures to ease financial pressure. However, the budget presents a mixed bag—while it seeks to ...

MEXICO CITY — The on-again, off-again threat of U.S. tariffs on goods from Mexico and Canada took another dizzying turn ...

National Treasury will bump up taxes on all alcohol and cigarette products, with the exception of traditional African beer.

Budget Speech 2025 sees VAT increase announced . Godongwana has announced that VAT, currently at 15%, will increase by half a percentage point in 2025/26 and another half a percen ...

Morocco’s customs revenues have shown resilience in the early months of 2025, with net receipts reaching MAD 14.735 billion ($1.47 billion) by the end of February.

The European Union on Tuesday formally approved a major reform of the bloc’s value-added tax regime.

Reuters VAT is a consumption tax imposed in South Korea and Europe ... "In the current system, products competing in the same market are subject to the same rates regardless of origin, so U.S ...