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The option that is both feasible and not too economically damaging is to tax consumption by raising vat. The good news is that more redistribution need not crush capitalism. Unlike, say ...

The UAE has exempted certain activities around cryptocurrencies and virtual assets from the Value-Added Tax (VAT) in the latest amendments to Executive Regulations approved by the UAE Cabinet.

The government is facing a legal challenge by a parent claiming a breach of human rights over the introduction of VAT on private school fees. Alexis Quinn, whose daughter Addison has special ...

Fears are growing that if the government goes ahead with its plans to introduce VAT on school fees in the middle of the school year, it will cause job losses and put children’s education in chaos.

Support us to deliver journalism without an agenda. The Treasury has confirmed it will go ahead with a controversial VAT tax raid on private schools in what is being seen as a victory for ...

MANILA, Philippines — Digital platforms offered by foreign companies such as Netflix are now subject to 12 percent value-added tax (VAT) under a new law signed by President Marcos yesterday.

Republic Act 112023 imposes a 12% value-added tax (VAT) on digital services provided by resident and non-resident digital service providers, regardless of whether they have a physical presence in ...

Order 2024.’ “The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed ...

In a statement, the DOF said that, with the VAT on foreign digital service providers in place, it expects to collect P102.12 billion from 2025 to 2029. In 2025 alone, at 50% compliance, the Finance ...

MANILA, Oct 3 (Reuters) - The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon (AMZN.O), opens new tab, Netflix (NFLX.O), opens new tab ...

MANILA, Philippines — After the President signed a law imposing a 12 percent value-added tax (VAT) on foreign digital services providers (DSPs) such as Netflix, Spotify, and Google, among others ...