With limited options available, the government has placed reliance on increased VAT to raise additional revenue.

The House of Representatives has approved a new VAT sharing formula, allocating 55 percent to states and 35 percent to LG councils.

Wopke Hoekstra implored US officials to ‘truly look into the facts’; in other news, the EU Council has reached a political ...

Members of the House of Representatives yesterday considered and approved the Report submitted by the House Committee on Finance on the Tax Reform Bills. Their approval set the stage for the Bills’ ...

In his second term as US president,Donald Trump wants to put "the American worker first"  and has imposed tariffs of 25% on EU imports. Member countries of the European Union, and countries ...

The approved reforms include revisions to taxation in the petroleum industry to ensure the government increases its revenue ...

The European Public Prosecutor’s Office (EPPO) reported a surge in VAT fraud investigations across the EU, with over 2,600 ...

Nigerian lawmakers rejected changes to consumption and company taxes that President Bola Tinubu proposed, dealing a blow to ...

Nigeria's lower house of parliament passed four tax reform bills proposed by President Bola Tinubu on Thursday, marking ...

South Africa's budget faces opposition as political parties debate a crucial increase in value-added tax. Finance Minister ...

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living ...

Dr Cassiel Ato Forson, Finance Minister, says the government will undertake a comprehensive Value Added Tax (VAT) reforms ...