More than 150 countries have adopted a value-added tax (VAT) as a way to balance their budget. The value-added tax works like a sales tax, but it's applied at every step of the production chain. If a ...

The value-added tax (VAT) is a cornerstone of the modern tax system. It has many desirable properties in theory: it does not distort firms' production decisions, it is difficult to evade, and it ...

Parliament has passed the Value Added Tax Bill, 2025, marking the most sweeping reform to Ghana’s VAT regime in over a decade ...

What Is Value Added Tax (VAT)? Your email has been sent Value Added Tax is a consumption tax that is levied on the sale of goods and services. Learn more about what VAT is and how it works in this ...

Forbes contributors publish independent expert analyses and insights. Robert Goulder covers developments in U.S. and international taxation. This article is based on a reader’s suggestion: Design a ...

China will impose a value-added tax on contraceptive drugs and devices — including condoms — for the first time in three decades, its latest bid to reverse plunging birth rates that threaten to ...

The U.S. is expected to rack up at least $10 trillion in debt in the next decade — and that's put three letters into the political conversation: V-A-T, or value-added tax. It would be a ...

President Vladimir Putin on Friday signed a major tax overhaul that will raise Russia’s value-added tax to 22% from 20% next ...

NAIROBI, April 14 (Reuters) - The Kenyan parliament on Tuesday voted to lower the value-added tax rate to 14% from 16%, part of President Uhuru Kenyatta's attempts to cushion citizens from the impact ...

Sweden is seeking feedback on a proposal to formalize turnover as the main basis for allocating value-added tax deductions in businesses with both taxable and exempt activities.

Norway's political parties have reached a budget compromise for 2026. While tax privileges for electric cars will be reduced, ...