I’m setting up a new firm. Will I be required to charge VAT on the provision of my services? Not necessarily. Value added tax (VAT) will be chargeable if: the firm is registered for VAT purposes, and ...

A deluge of media fury has blamed recent private school closures on the government’s decision to impose VAT on school fees. One commentator even claimed the move was “akin to what we have seen from ...

The Government will provide financial support to cover the 20 per cent VAT on fees for pupils enrolled in the music and dance scheme at specialist schools. The support package will specifically ...

Gifted private school students from lower-income families will be spared VAT charges on fees, the Government has said. Ministers have said the Government would provide financial support to pay the ...

Offshore DSPs shall immediately be subject to VAT after 120 days from the effectivity of the IRR. The BIR shall submit the draft IRR to the Finance department and has until Jan. 16, 2025 to issue ...

The Independent Schools Council filed a judicial review claiming that Labour’s flagship education policy is discriminatory The Treasury will now face a claim in court that the VAT policy is ...

Rising from its engagement with the Presidential Committee on Fiscal and Tax Reforms in Abuja on Thursday, the NGF endorsed an updated VAT distribution formula. The governors proposed that the VAT ...

In 2001, Norway abolished VAT on electric cars, which automatically reduced their price compared to petrol or diesel vehicles. This is significant because in Norway, VAT adds a 25% premium to the cost ...

The incoming government intends to cut the VAT rate to 9% for food-based hospitality, entertainment and hairdressing in the next budget. It is also understood the new programme for government will ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...

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