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Understanding VAT on digital services
REPUBLIC Act (RA) 12023, which provides additional requirements for the imposition of value-added tax (VAT) on digital services, has now been signed into law. This means that online purchases from ...
A number of Manchester restaurants have closed their doors this year, and it's not being helped by no-shows and "dine and ...
The economy is being hampered by disruption caused by the switch to electric vehicles, which has sent the car industry into ...
Say, VAT was levied on the sale of goods, and ITC was available on purchasing goods. Excise was levied on manufacturing of goods, Cenvat was available for goods/services used for manufacturing of ...
Nigeria hopes to attract up to $10bn in new investments in deep-water gas exploration through tax breaks and other measures ...
It was designed by two people, independently, in the early 20th century. Many European countries enacted a VAT in the 1960s and 1970s. Other countries followed in the 1980s and thereafter. The ...
Our current tax system, for example, favors housing over other types of investment. That differential likely induces overinvestment in housing and reduces economic output and social welfare. Tax cuts ...