THE national government’s budget deficit spiked by 75.62 percent in the first quarter of the year due to the sharp rise in ...

The Finance Bill 2025 proposed major changes in the revenue-raising measures and tax policies that will be used to finance ...

As summer approaches and the Philippines remains a top tourist destination, the Bureau of Internal Revenue (BIR) issued ...

Employees sometimes incur business expenses during the course of their work, including travel, meals, lodging, and other business-related costs. While reimbursements seem straightforward, they carry ...

Finance Minister Enoch Godongwana has confirmed that a new national budget will be presented in parliament on 21 May. The decision to introduce a revised budget comes in the wake of government’s move ...

The reversal of the VAT hike benefits South African households but also means the removal of measures to cushion some of the ...

Remanufactured “cores,” or used vehicle parts, are essential to the automotive industry but present distinct special tax and accounting considerations.

Hank Vat, public information officer for Montgomery County ESD 7, said the proposition would increase the sales tax rate in the unincorporated areas of Splendora from 7.75% to 8.25%, if approved.

The increase in VAT from 15% to 15.5% was first announced earlier in 2025 as part of government measures to address fiscal ...

Currently, refrigerators and air conditioners are taxed at a reduced 7.5% VAT rate at the manufacturing stage, a policy that the National Board of Revenue (NBR) now plans to increase to the standard ...

Retailers face growing VAT challenges worldwide. Discover four key strategies to improve compliance, reduce customer friction ...

They highlighted high interest rates on bank loans, lack of access to finance, higher VAT and tax rates and its complex ...