Justice Charles Kariuki ruled that KRA’s reclassification of Animix Limited’s goods from zero-rated to general-rated was ...

The CREATE MORE Act ushered in changes to certain documentary requirements for VAT refund claims. Beyond compliance lies a jungle of possibilities and challenges — where does your business stand? Dive ...

We have therefore decided to investigate the option of scrapping the asset. However, from looking at the legislation and HMRC guidance, it looks like we may have to account for VAT on this (VAT Act ...

With VAT, though, each stage of the production process is taxed, from raw materials to the finished product. For example, a farmer sells flour to a baker for $1 plus a 10% VAT.

U.S. President Donald Trump says value-added taxes carry a lot of blame for America's near trillion dollar trade deficit with the rest of the world. The 170-plus countries who charge VAT ...

Any cuts to VAT on food would need to be covered either by larger budget cuts or by fresh taxes, Prime Minister Kristen ...

Woolworths Holdings secures a landmark victory against the South African Revenue Service, with the Supreme Court affirming ...

Countries with VAT include Germany at 19 percent, France at 20 percent, Japan at 10 percent, and China at 13 percent. The highest VAT in the world is Hungary at 27 percent.

Nineteen maintenance and lifesaving medicines have been included in the list of those exempted from value added tax (VAT), ...

By midday Wednesday, more than 50,000 people had signed a citizens' initiative calling on the Riigikogu to lower the ...

In Europe, VAT rates vary by country, but on average are about 20 percent — far higher than sales taxes in the United States, which averaged 6.6 percent in 2023, according to the Tax Foundation.