Latest News for: vat

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VAT refund suspension to hamper production: Ferrexpo

Kallanish Commodities 24 Mar 2025
Ferrexpo says two subsidiaries have had VAT refunds suspended by Ukrainian tax authorities, which will put ....
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IFP supports budget with conditions on VAT increase

Independent online (SA) 24 Mar 2025
The Inkatha Freedom Party (IFP) has expressed its support for the country's budget, contingent upon the understanding that the VAT increase must be a temporary measure.
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Philippines launches VAT refund for foreign tourists

Manila Bulletin 24 Mar 2025
The Philippines has officially launched a value-added tax (VAT) refund system for foreign tourists, aiming to significantly boost tourism revenue by encouraging increased spending on local goods.
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Global VAT Trends: New Tax Rules For Digital Services In 2025 And 2026

Forbes 23 Mar 2025
This article explores recent developments in the taxation of digital services in Canada (Manitoba), the Philippines, South Africa, Sri Lanka, and the Dominican Republic ... .
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Budget delivers homes, careers : VAT rate unchanged as funds for citizens’ pensions, housing, and other services set to rise

The Daily Tribune - Bahrain 23 Mar 2025
The VAT rate will remain unchanged under Bahrain’s draft state budget for 2025 and 2026, which also includes an annual increase to retirees’ living allowance, employment and training ...
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VAT to Stay, Pensions and Housing to Rise in 2025–2026 Budget

The Daily Tribune - Bahrain 22 Mar 2025
The VAT rate will remain unchanged under Bahrain’s draft state budget for 2025 and 2026, which also includes an annual increase to retirees’ living allowance, employment and training ...
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Tax-savvy investing: How to keep more of what you earn

Moneyweb 22 Mar 2025
South African investors face the dual challenge of growing their assets while minimising the impact of taxation on their returns ... .
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Norway is strengthening cooperation with the EU to combat VAT fraud (Ministry of Finance of the Kingdom of Norway)

Public Technologies 21 Mar 2025
... the Storting (the Norwegian Parliament) for consent to implement a renegotiated agreement with the EU on administrative cooperation in the VAT area.
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Norway is strengthening cooperation with the EU to combat VAT fraud (Government of Norway)

Public Technologies 21 Mar 2025
The Norwegian government is requesting the Storting (the Norwegian Parliament) for consent to implement a renegotiated agreement with the EU on administrative cooperation in the VAT area ... VAT fraud.
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Fractured treasury: Do biases and ideology trump evidence-based reasoning?

Mail Guardian South Africa 21 Mar 2025
The budget presents a paradoxical blend, marrying laudable initiatives — enhanced public services, prudent spending and infrastructure boosts — with contentious elements, including a VAT hike, bracket creep and a lacklustre 1.9% growth forecast.
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EFF leaders split over national budget, VAT increase

Mail Guardian South Africa 21 Mar 2025
During a meeting of parliament’s finance committees last week, EFF treasurer general Omphile Maotwe challenged Finance Minister Enoch Godongwana to justify how increasing VAT would benefit South Africans.
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News24 | 'SA still working under ANC Budget': Patronage can push VAT-hiked Budget over the ...

News24 20 Mar 2025
National Assembly Standing Committee on Appropriations chairperson Mmusi Maimane says he believes the ANC could get its way with the Budget-proposing VAT increases ... .
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Steam sales to watch out for before the 12% VAT takes effect

The Philadelphia Inquirer 20 Mar 2025
12 percent VAT is nothing to sneer at but these sales may just soften the blow On Oct ... (VAT) on foreign digital services.
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Reserve Bank expected to keep interest rates on hold amid VAT, inflation pressures

Independent online (SA) 20 Mar 2025
The South African Reserve Bank (Sarb) is anticipated to maintain its current interest rate at 7.5% per annum on Thursday, as it takes a measured approach to assess the potential ramifications of an impending value-added tax (VAT) increase.
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News24 | VAT hike should wait for proper mandate, Parliament's Budget Office advises

News24 19 Mar 2025
Parliament's Budget Office has advised against implementing the VAT increase before Parliament gives Finance Minister Enoch Godongwana a legal mandate ... .
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