Samuel Agbeluyi, president and chairman CITN, said that the incentive of increasing Value Added Tax (VAT) from 7.5% to 10% ...

Finance Minister Enoch Godongwana has rejected calls for him to step down following the controversy over the decision to ...

Remanufactured “cores,” or used vehicle parts, are essential to the automotive industry but present distinct special tax and accounting considerations.

Hank Vat, public information officer for Montgomery County ESD 7, said the proposition would increase the sales tax rate in the unincorporated areas of Splendora from 7.75% to 8.25%, if approved.

The increase in VAT from 15% to 15.5% was first announced earlier in 2025 as part of government measures to address fiscal ...

Currently, refrigerators and air conditioners are taxed at a reduced 7.5% VAT rate at the manufacturing stage, a policy that the National Board of Revenue (NBR) now plans to increase to the standard ...

Retailers face growing VAT challenges worldwide. Discover four key strategies to improve compliance, reduce customer friction ...

They highlighted high interest rates on bank loans, lack of access to finance, higher VAT and tax rates and its complex ...

The United States and the European Union still need a lot of work to reach a deal that would prevent the imposition of ...

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into ...

South African Finance Minister Enoch Godongwana announces the reversal of the proposed VAT increase, providing short-term ...

SOUTH Africans heaved a collective sigh of relief after the government reversed a decision to impose the divisive value added tax (VAT). However, this relief has emerged as a source for parties in and ...