Value-added tax (VAT) is a tax on products or services. Consumers pay the VAT, which is typically a percentage of the sale price. The U.S. does not have a VAT.

A private school has cited the introduction of VAT on fees as its main reason for closing after 160 years. The governing board for Our Lady's Abingdon (OLA) in Oxfordshire said the decision had ...

A value-added tax (VAT) is very similar to a traditional sales tax, in that the consumer pays it at the point of purchase. It's typically a percentage of the price of the product, but standard ...

If SARS discovers that your business has exceeded the R1-million annual turnover threshold, they can register you automatically. SARS can backdate the registration to when the business first crossed ...

He therefore rejected claims that the expected 20 percent effective VAT rate is too high, adding that, “We are working very hard to improve compliance and that could see the government reduce ...

China's Draft VAT Implementation Regulations clarify rules for FIEs, improving tax certainty, cash flow, and cross-border compliance.

Buying the right camera, lens, accessory or software to suit your photography is really important. Our product reviews offer independent views with hands-on opinion and honest verdicts aimed to ...

ePHOTOzine brings you a daily round up of all the latest film and digital photography news including camera news, exhibitions, events, special offers, industry news, digital photography news ...

What is VAT? Value added tax (VAT) is a consumption tax that applies to most goods and services. It is classified as an indirect tax, meaning that while it is paid by consumers, it is collected and ...

A transport firm that owns a 100-strong fleet of taxis has lost a €112,509 VAT battle with the Revenue Commissioners.

Discover how the South African government's plan to scrap VAT exemptions on low-value imports could significantly affect your shopping experience with Temu and Shein.