Some countries across the Gulf, Europe, and Asia allow residents to keep 100% of their earnings as they impose no income tax.

The Value-Added Tax Should Be Having Its Moment. A national consumption levy could address what fiscally ails the US and finally be politically palatable. May 7, 2025 at 6:00 AM EDT.

Opinion: Stripe's Aleksandra Bal says foreign businesses in Africa need local guidance and technological support to navigate ...

SEN. Panfilo Lacson has filed Senate Bill 405, which mandates the allocation of one percent of total value-added tax (VAT) ...

Value-added taxes are popular in many countries, especially those that are less affluent. The great advantage is a built-in feature that deters tax evasion, an emerging body of research shows. By ...

Value-added taxes are a tax on domestic consumption, like retail sales taxes charged by U.S. state and local governments. VATs are the most common type of consumption tax in the world, ...

BUCHAREST (Reuters) -Romanian Prime Minister Ilie Bolojan's three-week old coalition government survived a no confidence vote ...

Enrollments are falling in the UK after Labour put VAT on fees. It's too early to call the policy a failure, let alone a ...

The impulse to do so will be tempered by the fact that we recently endured a similar exercise, resulting in the 2017 Tax Cuts and Jobs Act. Considering that businesses and tax practitioners are ...

Romania's coalition government, led by Prime Minister Ilie Bolojan, survived a no-confidence vote while pushing through ...

The Neighbourhood Initiative for Women Advancement (NIWA) has raised concerns over the potential impact of the newly enacted ...

Value Added Tax is a consumption tax that is levied on the sale of goods and services. Learn more about what VAT is and how it works in this comprehensive guide.