Offshore DSPs shall immediately be subject to VAT after 120 days from the effectivity of the IRR. The BIR shall submit the draft IRR to the Finance department and has until Jan. 16, 2025 to issue ...

In 2001, Norway abolished VAT on electric cars, which automatically reduced their price compared to petrol or diesel vehicles. This is significant because in Norway, VAT adds a 25% premium to the cost ...

The incoming government intends to cut the VAT rate to 9% for food-based hospitality, entertainment and hairdressing in the next budget. It is also understood the new programme for government will ...

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