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 ...

The Court examined whether diesel used through service providers could escape VAT liability. It held that in the absence of proof of purchases from registered dealers, VAT was rightly ...

A LAWMAKER is pushing to reduce the value-added tax (VAT) on electricity from 12 percent to six percent, noting that the power tax makes the country's electricity rates the third-highest in Asia.

Under the current system, motorists are charged just 5% VAT on electricity used at home compared to 20% in public.

Certain electric car owners are forced to pay more to drive than others due to a simple charging rule, they have warned.

PHILIPPINE business groups are urging lawmakers to pass a general tax amnesty and review the value‑added tax (VAT) on electricity as part of their tax wish list for 2026.

Lego Batman: Legacy of the Dark Knight might be TT Games ’ most ambitious offering yet (its comically enormous toys-to-life ...

Saudi Arabia’s ZATCA urges VAT-registered firms with revenues above $10.7m to file returns by December 31 to avoid penalties ...

Centre for Social Concern (CfSC) says household spending has increased by eight percent in December, forcing consumers to ...

Over 1,000 pubs have now implemented a ban on serving Labour MPs, in a widespread protest against tax increases that pose a ...

The Philippines should sustain its gradual fiscal consolidation to strengthen its fiscal space and external balance, and ultimately lower its debt-to-gross domestic product (GDP) ratio to its target, ...