More countries are adopting the VAT, and its contribution to global revenue is rising Two thousand years ago when the emperors of China began building a great wall to defend their domain from fearsome ...

The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed at governing the country’s largest source of tax revenue and set to come into ...

Reverse charge mechanism aims to reduce tax fraud and improve efficiency in scrap trade Add as a preferred source on Google Under the current system, scrap metal suppliers charge VAT to their ...

Parliament has approved the Value Added Tax (VAT) Bill, 2025, marking a major step toward overhauling Ghana’s VAT regime to improve clarity, consistency and legal certainty. The new law replaces the ...

A VAT, or a value-added tax, might as well be French for “big government.” Paul Ryan and Kyle Pomerleau’s proposal for a destination-based cash-flow tax as “A Tax-Reform Alternative to Trump’s Tariffs ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Running a business is hard enough without chasing unpaid invoices ...

Sweden will halve its VAT on food products as part of its 2026 budget as it looks to reduce the burden of inflation on Swedish families. A statement from the country’s Ministry of Finance today (4 ...

States whose allocation have tripled as a result of the withdrawal of petrol subsidy by President Bola Ahmed Tinubu will earn more revenue from the Value Added Tax (VAT) distribution in the new tax ...

The Council today formally adopted new value added tax (VAT) rules for distance sales of imported goods. The directive will improve collection of VAT on imported goods by ensuring suppliers are always ...

Breakdown of VAT States generated in Q1 2025 New figures for the first quarter of 2025 show that Nigerian states generated billions in Value Added Tax (VAT), with Lagos State leading at N819.62 ...

The Council reached agreement on the position of member states (the so-called ‘general approach’) on the directive on value added tax (VAT) rules for distance sales of imported goods and import VAT.

Value Added Tax (VAT) is one of Indonesia’s most significant sources of revenue, consistently contributing around 28 per cent of total Indonesia’s tax revenue, on par with corporate income tax and far ...