The National Board of Revenue (NBR) has extended the deadline for VAT return submission till March 18 following a technical ...

A tax expert has said the government’s plan to reform the value-added tax (VAT) regime could simplify compliance, reduce ...

Accurate reporting on tax returns is both a legal obligation and vital for maintaining trust between taxpayers and ...

HMRC states that their digital initiatiave Making Tax Digital (‘MTD’) will make it easier for individuals and businesses to ...

The Dhaka Chamber of Commerce and Industry (DCCI) has said while the general VAT rate stands at 15 percent, reducing it to 10 percent, 7.5 percent, and 5 percent in different sectors is causing ...

The House of Representatives, on Thursday, approved a new Value Added Tax sharing formula, allocating 55% to states and 35% ...

As per the DGFT user guide for ARR, If the total RoDTEP claim for a given IEC exceeds Rs. 1 crore in a financial year, filing ...

At present, the standard VAT rate is 15% across the board, but it has been segregated to different slabs like 10%, 7.5% and 5% in different sectors that actually caused difficulties for traders as ...

Instead of adjusting thresholds in isolation, it is time to reimagine the Vat compliance system by leveraging modern ...

AS the government aims to increase tax revenue collections in 2025, the Bureau of Internal Revenue (BIR) has set an ambitious goal of raising a record P432 billion this coming April. Based on the ...

The government has defended its decision to raise VAT by arguing that alternative revenue-raising measures, such as increasing corporate or personal income tax would do more harm than good.