What Is Value Added Tax (VAT)? Your email has been sent Value Added Tax is a consumption tax that is levied on the sale of goods and services. Learn more about what VAT is and how it works in this ...

Lower capacity countries often struggle to administer the Value Added Tax (VAT) in the extractive industries, partly due to the large VAT refunds needs of this capital and export-intensive sector.

President Trump on Saturday announced that value-added tax systems in other countries will be treated like tariffs — and included in his new plan to impose US levies to match. “We will consider ...

Forbes contributors publish independent expert analyses and insights. Robert Goulder covers developments in U.S. and international taxation. This article is based on a reader’s suggestion: Design a ...

The U.S. faces a large long-term imbalance between projected federal tax revenue and federal spending, an imbalance that has widened during the coronavirus pandemic. Addressing the fiscal gap will ...

President Donald Trump signed a presidential memorandum on Thursday initiating a new reciprocal tariff system. This policy adjustment seeks to counterbalance the tariffs, taxes and subsidies that ...

If the credit balance arises due to an FTA decision, the taxpayer has one year to apply for a refund. In any other case, the ...

Nigeria's new aviation tax reform aims to help, not harm, airlines. Discover how changes to VAT, withholding tax, and import duties will lower costs.

The United Arab Emirates has exempted crypto transactions from paying value-added tax (VAT), bringing the industry into line with several traditional financial services. The change, which takes effect ...

The UK has abolished the 5% rate of value-added-tax (VAT) on menstrual products, known as the tampon tax. It means that from January 1, period products will no longer be subject to VAT. The UK ...