OVER 2,100 pubs have shut their doors permanently in the past 20 years, according to a shock new report. One in four have ...

Travel smarter with Rick Steves' expert advice on how to make certain purchases overseas work for you. Don't skip this step on your way out.

THE Bureau of Internal Revenue (BIR) and the Land Bank of the Philippines (LANDBANK) said they signed an agreement to ...

The CREATE MORE Act ushered in changes to certain documentary requirements for VAT refund claims. Beyond compliance lies a jungle of possibilities and challenges — where does your business stand? Dive ...

Any cuts to VAT on food would need to be covered either by larger budget cuts or by fresh taxes, Prime Minister Kristen ...

Justice Charles Kariuki ruled that KRA’s reclassification of Animix Limited’s goods from zero-rated to general-rated was ...

Assuming you paid VAT when purchasing the asset, the sale for consideration will be standard rate for VAT. In usual circumstances you will supply your VAT number to the scrap firm selling it to, they ...