Wale Edun, Finance Minister and Coordinating Minister of the Economy, has dismissed rumours of a planned hike in the Value-Added Tax (VAT) rate from 7.5% to 10%. In a Monday statement, Edun clarified ...

A national task force on tax reforms has recommended that the government introduce a single rate of value-added tax (VAT), doing away with multiple rates of the indirect tax paid by final consumers.

The Federal Tax Service of the Russian Federation has amended the list of additional details and formats of fiscal documents required for use. The corresponding order dated 08.12.2025 № ED-7-20/1050@ ...

BEIJING, Dec. 30 (Xinhua) -- China will lower the value-added tax (VAT) levy rate from 5 percent to 3 percent for individuals selling housing purchased less than two years ago, effective Jan. 1, 2026, ...

BEIJING -- China will lower the value-added tax (VAT) levy rate from 5 percent to 3 percent for individuals selling housing purchased less than two years ago, effective Jan 1, 2026, according to an ...

The chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele, has said that reports he is proposing an increase in VAT rate have been quoted out of context. The Nation ...

LOWERING the value-added tax (VAT) rate to 10% from 12% is fiscally viable despite projected revenue losses, a congressional ...