Tags » VAT

Exempt importations

  1. Agricultural and marine food products in their original state;
  2. Livestock and poultry yielding foods for human consumption;
  3. Breeding stock and genetic materials;

Polished and/or husked rice, corn grits, raw cane sugar and molasses, ordinary salt and copra are agricultural food products in their original state. 660 more words



VAT defined.

When first introduced last 01 January 1988, VAT means the tax on the value added by every seller to his purchases of goods or services; as well as on importation of goods into the Philippines, whether for personal or business use. 453 more words


Russia: Facebook and other global digital giants agree to pay 'Google Tax'

On June 29, 2016, the government has approved the VAT Law for foreign companies selling online services to Russian consumers. Therefore, over a hundred foreign corporations have already registered in Russia. 128 more words



Pre April position

The Flat Rate VAT Scheme (FRS) was set up by HMRC as a means to simplify and reduce the costs of compliance for small businesses. 540 more words


Relief to shoppers, under GST, charge rates for most products to fall

The Goods and Services Tax (GST) Council’s resolve to minimize rate shocks will result in reduction in the nominal tax rates for a vast majority of goods. 456 more words


Another Reason to Reject the Border-Adjustable Tax: Value-Added Taxes Undermine National Competitiveness

My crusade against the border-adjustable tax (BAT) continues.

In a column co-authored with Veronique de Rugy of Mercatus, I explain in today’s Wall Street Journal… 882 more words


Impending VAT in the GCC: Much Still to be Clarified

The slump in oil prices in the last few years has increased the pressure on the Gulf Cooperation Council (GCC) states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) to seek more sustainable government revenues through taxation. 647 more words

Middle East/North Africa