Supermarket operators will now be able to claim input tax credit on the 15 percent VAT applied to consumer goods they sell.

While the hike is suggested as a necessary measure to bolster the national budget, some experts argue there are other ...

The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Plan Implementation, and Economic Development to publish the draft bills  of ...

Governance experts said the burden of government corruption, failure and incompetence had been passed on to the taxpayers.

Poor and middle class consumer will bear the brunt if VAT is increased by 2% on 12 March. Economists warn consumers are ...

The Cabinet of Ministers at their meeting on Wednesday approved the publication of draft bills amending the Value Added Tax (VAT) Act No. 14 of 2002 and the Inland Revenue Act No. 24 of 2017 in the ...

The revenue authority said it would now levy 7.5 per cent VAT instead of the 15 per cent imposed in early January, alongside ...

LOCAL business owners are fearing that their livelihoods are under “a huge threat” after it was revealed that there will be a ...

Romanian prime minister Marcel Ciolacu revealed plans to cut 1,800 civil servant positions (13.5%) from 32 institutions under ...

Some 11 per cent of high net worth parents are considering moving their children from private school into state education ...

Following demands from processed food manufacturers, the National Board of Revenue (NBR) has reduced value-added tax (VAT) on biscuits and cakes by half, lowering it from 15% to 7.5%, according to an ...

The budget speech tried to sell the 2% VAT increase as a way to help poor people, although it will push up cost-of-living expenses.