As tax season approaches, understanding the implications of a national consumption tax becomes crucial. While the U.S.
While hiking value-added tax (VAT) on 43 goods and services, the National Board of Revenue (NBR) is also focusing on widening ...
The Philippines has taken a step to boost tourism and enhance the shopping experience for international visitors through ...
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
Income tax, however, remained stagnant. Data shows income tax-to-GDP ratio went up from 4.1 percent in 2021 to 5.1 percent in ...
Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on January ...
Taiwo Oyedele has dismissed allegations of non-consultation, stating that governors canceled four scheduled meetings with the ...
After years of worsening educational inequalities, from January 1, private schools will have to pay 20 percent value added ...
A Bloomberg poll of economists estimated the country's GDP to rise 6.4% in the current fiscal. GDP growth for the previous ...
The U.K. will end a tax exemption for private schools Wednesday, the center-left Labour government has announced, in a move ...