States received N1.18tn from Value Added Tax revenue generated in the first quarter of 2026, following the commencement of the new VAT sharing formula, an analysis of Federation Account Allocation ...

The Government’s refusal to implement a VAT exemption for self-employed workers with lower income volumes—a measure already implemented in most European Union countries and which was supposed to be ...

Tens of thousands of businesses are in the regulatory crosshairs of the South African Revenue Service (Sars) due to their value-added tax (VAT) registration status. The businesses have not been ...

WARSAW, March 26 (Reuters) - Poland's government has decided to cut VAT and ‌excise tax on fuels, TVP ‌Info reported on Thursday, citing sources, as Warsaw moves to shield drivers from the impact of ...

Reform UK has promised to scrap VAT and green levies on household energy bills if the party wins power. It said the move would save the average family £200 a year. There has been a renewed focus on ...

For decades, a specific clause in the VAT Act allowed the Minister of Finance to change the VAT rate simply by publishing a notice in the Government Gazette. This meant that after a Budget Speech, a ...

Foreign investors entering Indonesia often assume that tax compliance becomes relevant only once operations begin generating revenue. In practice, the first year of operations establishes the ...

The Economic Freedom Fighters (EFF) have welcomed a ruling by the Western Cape High Court, which found that only Parliament can change South Africa’s VAT rate. The court has given Parliament 24 months ...

Value Added Tax (VAT) collections rose sharply to N2.28 trillion in the third quarter of 2025, reflecting a 10.66 per cent increase compared to the N2.06 trillion generated in the second quarter, the ...

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