President Trump on Thursday directed federal agencies to study reciprocal tariffs aimed at matching taxes and other economic barriers used by trade partners. His newly issued memorandum cited ...
The UK government’s decision to introduce a 20% Value Added Tax (VAT) on private school tuition has sparked wide debate across the education sector, raising questions about socioeconomic mobility, ...
THE Bureau of Internal Revenue (BIR) will now allow certain registered business enterprises (RBEs) to optionally register as ...
Last year’s planned Vat hike was reversed after political and economic pushback. For 2026, no rate change is expected.
Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. On March 11, 2025, the Council of the European Union formally ...
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DoF to review OECD call to phase out VAT exemptions for senior citizens, private schools
THE DEPARTMENT of Finance (DoF) is reviewing the Organisation for Economic Co-operation and Development’s (OECD) suggestion for the Philippines to remove the value-added tax (VAT) exemptions for ...
In an effort to boost demand for domestic goods, European governments offer a refund of the value-added tax paid by foreign tourists in their shops. However, the current VAT refund process is outdated ...
THE Philippines could generate more revenues by gradually removing major value-added tax (VAT) exemptions, phasing out income tax holidays and adopting an emissions trading system (ETS), according to ...
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