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DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade
THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, warning it could cost the government more than P1 trillion in foregone ...
Business and Financial Times on MSN
VAT reforms to drive 2026 revenue
Government is anchoring its 2026 fiscal strategy on a sweeping overhaul of the value-added tax system as authorities rely on enforcement and digitalisation rather than new taxes to lift domestic ...
The tax hike is one part of a broader fiscal plan approved by the Cabinet on Nov 18. Read more at straitstimes.com. Read more ...
The British Hair Consortium (BHC), which represents 50,000 UK hairdressers, is calling on the government to halve the VAT ...
The Finance Ministry plans to gradually raise the value-added tax (VAT) rate by an additional 1.5 percentage points to 8.5% ...
In a move described as a "Fiscal Reset," Ghana’s 2026 Budget has triggered a fierce debate between the Ministry of Finance ...
BusinessWorld on MSN
Digital VAT collection nears P7 billion — BIR
THE PHILIPPINE government has collected almost P7 billion from a 12% value-added tax (VAT) on digital services, the Department of Finance said, providing a lift to revenue intake at a time when slower ...
The Federation Account Allocation Committee (FAAC) has shared a total revenue of N2.09 trillion for October to the federal government, states and local government councils.
Himachal Pradesh Excise and Taxation Department reports strong revenue growth, collecting over Rs 26,000 crore since 2023.
The Federal Accounts Allocation Committee (FAAC) has approved the disbursement of N2.094 trillion as revenue from October 2025 to the federal, state, and local governments of the federation.
BANGKOK: Prime Minister and Interior Minister Anutin Charnvirakul has dismissed concerns over a planned rise in value-added ...
FAAC allocates N2.094tn to federal, state, and local governments from N2.934tn gross revenue in October. The Federation ...
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