MANILA, Philippines — The Food and Drug Administration (FDA) has added 17 drug products to its list of essential medication exempted from the 12 percent value-added tax (VAT), making these more ...

MANILA, Philippines — Buying video games on Steam may become more costly for Filipino gamers as a 12% value-added tax (VAT) takes effect starting June 1. This means consumers will pay an ...

Steam is set to implement a 12% value-added tax (VAT) in the Philippines starting June 1. The game distribution company bared the upcoming change on its website, months after President Ferdinand ...

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The Finance Minister said he needed to increase 2025 SASSA grants above inflation to cushion the impact of VAT increases. But will it work? Image: File For the nation’s 28-million SASSA grant ...

The South African government has once again turned to taxation as a means of addressing its fiscal challenges, announcing an increase in the value-added tax (VAT ... of only 1.8% over the medium ...

The EFF’s major concern is the proposed VAT increase of 1% over two years ... maintains that a VAT increase in any form is detrimental and will hamper economic growth. Tax relief should be ...

The EFF and DA rejected the budget speech in its current form, stating that they were against the VAT increase. Image: Sharon Seretlo/ ER Lombard Source: Getty Images Briefly News journalist Byron ...

The draft also contains a number of transitional provisions whereby taxpayers who have registered for VAT this year as a result of exceeding the RON 300,000 threshold may apply, as of April 1, 2025, ...

Value-added-tax (VAT) will increase by 0.5%, with the government needing to cover a R60 billion budget shortfall. Finance Minister Enoch Godongwana said another 0.5% increase will then be ...

The Democratic Alliance (DA), a key GNU member that had strongly opposed the initial VAT hike proposal, still opposes the Budget in its current form ... higher than the 76.1% initially planned ...

Finance Minister Enoch Godongwana's new proposal will raise the VAT rate to 15.5 percent and add 28 billion rand to the fiscus in this financial year. Finance Minister Enoch Godongwana tabled the ...