Preparations to replace GST with VAT The Department of Domestic Tax at the Liberia Revenue Authority (LRA) is stepping-up its preparations for the implementation of a full Value Added Tax regime. Implementing legislation has been completed as part of Liberia’s commitment to the Economic Community
Global VAT & GST adopted in 175 countries Value Added Tax turns 70 today, 10th April 2024. It was introduced in France VAT to a limited number of businesses and supplier as part of a fiscal reform to simplify its jumbled fiscal regime. It was
Forecast VAT rise from 7.5% to 15% to fund deficit The Nigeria Federal Government is forecast to have to raise the standard Value Added Tax rate from the current 7.5% to 15% by 2027. This is based on the country exceeding its own legal constraint
Bill to impose 12% VAT on nonresident digital service B2C providers & platforms The Philippines Senate accepted on 6 February 2024 for review Bill No. 2528 imposing VAT on foreign providers of digital services to consumers. The Bill is now pending a second reading and
2024 VAT on non-resident providers of electronic services The Central African country of Democratic Republic of Congo has imposed Value Added Tax on foreign providers of digital services to consumers since 1 January 2024. This was included within the Finance Act 2024. This came into
