This article explores common VAT misconceptions, clarifies the applicable rules, and provides practical guidance on how ...

Budget tabled by Finance Minister, Enoch Godongwana in Parliament on Wednesday, 12 March 2025, saw the 2% VAT increase initially proposed in February 2025 replaced by two consecutive 0,5% increases, ...

The National Board of Revenue has decided to make mandatory installing Electronic Fiscal Device (EFD) or Sales Data ...

Opportunities to correct past mistakes can be invaluable, whether in personal or business matters. In taxation, this right is particularly crucial as errors in documentation can lead to significant ...

Although the VAT in the Digital Age package changes will take a few years to be implemented, businesses need to start ...

THE Department of Finance (DOF) released the draft implementing rules and regulations (IRR) for Republic Act 12079, or the ...

Consumers complain that VAT is not being deposited properly with the state coffer as hotels and restaurants located on all highways across the country do not issue electronic VAT invoices ...

New tax audit procedures and a waiver of administrative penalties as part of the Coretax transition are among other recent ...

I receive monthly payments from Facebook as part of their creator program, and I recently exceeded the VAT registration threshold, so I am now ...

The Department of Finance has released the draft implementing rules and regulations (IRR) for the refund of value-added tax ...

FIRS plans to boost Nigeria’s tax-to-GDP ratio by implementing an e-invoicing system to enhance transparency and curb revenue ...

The Department of Finance (DOF) released the draft implementing rules and regulations (IRR) for Republic Act 12079 or the ...