Steam is set to implement a 12% value-added tax (VAT) in the Philippines starting June 1. The game distribution company bared ...

CREATE MORE (Republic Act 12066) made significant clarifications on the taxation of and incentives enjoyed by registered ...

Finance Minister Enoch Godongwana softened the VAT hike but scrapped tax bracket relief, meaning all taxpayers face higher ...

The Philippines has long been regarded as a premier tropical destination for foreign tourists from around the world. From the pristine white sands of Boracay and the world-class surfing waves of ...

Indonesia's VAT and CIT gaps, averaging 6.4% of GDP between 2016-2021, are driven largely by non-compliance and tax policy inefficiencies, leading to significant revenue losses. Strengthening ...

While tax hikes are meant to boost national revenue, the government must clearly outline how these funds are allocated, says the Federation of Malaysian Consumers Associations (Fomca).

With an increase in Value Added Tax (VAT) announced during the recent Budget Speech, Observer intern Cecelia Mogashoa breaks down what VAT is and its importance.

Budget tabled by Finance Minister, Enoch Godongwana in Parliament on Wednesday, 12 March 2025, saw the 2% VAT increase ...

Budget tabled by Finance Minister, Enoch Godongwana in Parliament on Wednesday, 12 March 2025, saw the 2% VAT increase initially proposed in February 2025 replaced by two consecutive 0,5% increases, ...

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...

The government has defended its decision to raise VAT by arguing that alternative revenue-raising measures, such as increasing corporate or personal income tax would do more harm than good.

Minister of Finance Enoch Godongwana confirmed on Wednesday that VAT will rise by 0.5 percentage points in each of the next ...