International Monetary Fund3mon
The Allure of the Value-Added Tax
But, in the end, only the net value of those final sales forms the base of the tax so that the VAT—if it is functioning as intended—is thus a tax on final consumption. While there are other ways in ...
Bizcommunity6d
Is a VAT rate increase to 17% justifiable?
The 2025 budgets tabled in parliament on 19 February 2025, which were not approved, proposed a 2% base point increase in the ...
The complex reality of South Africa's budget: VAT, taxation, and poverty
As South Africa faces a proposed VAT increase, this article explores the complexities of the budget, the government's ...
BusinessWorld8d
World Bank says PHL can boost revenues by expanding its VAT base
THE PHILIPPINES can boost its revenue collections by expanding its value-added tax (VAT) base and improving tax administration, the World Bank said.
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to ...