VAT on Goods

KRA’s iTax offices on Mombasa Road. Suppliers of electronic tax records have been urged to cease supplying non-compliant gadgets. [Edward Kiplimo, Standard] There is nowhere to hide for tax evading traders. This is after the Kenya Revenue Authority (KRA) gave a timeline for the implementation of a new electronic ledger …

The President of El Salvador has announced an ambitious plan to build a so-called “Bitcoin City” in which cryptocurrency will be the only legal tender. President Nayib Bukele made the announcement on Saturday evening, saying the new city would be fully fledged. The city will include residential and commercial areas, …

I’m still looking for a tangible drop that I can celebrate on my grocery bill, with the recently announced removal of VAT on certain items. The reality is this: the government cannot force anyone to sell its products at a fixed price. As a layman with limited knowledge of these …

A WOMAN has revealed she bagged items worth £ 1.7,000 after purchasing a return pallet of household items. Taz, who has 1.52 million YouTube subscribers on his ClickForTaz channel, shared his incredible journey in a recent video. 4 Taz was surprised at how many “broken” items were actually perfectly fine.Credit: …

A senior EU official has said the UK’s demands for the Northern Ireland Protocol, as spelled out in its July document, are “unachievable”. The UK’s Command Paper calls for a radical renegotiation of the protocol, including the abolition of the European Court of Justice (ECJ). “We have always made it …

ECJ ruling will impact the sharing economy It is likely that we will soon have the decision of the European Court of Justice (ECJ) on the Fenix ​​case (C-695/20). The question put to the ECJ by the United Kingdom aims to determine whether the provisions of Article 9a of the …

States that have not reduced VAT on gasoline and diesel are Maharashtra, Tamil Nadu, West Bengal, Punjab, Telangana, Andhra Pradesh, Kerala, Jharkhand, Chhattisgarh and Delhi . The price of gasoline in Delhi, after the reduction of excise duties, amounts to Rs 103.97 per liter and diesel to Rs 86.67. In …

The UK government will face “significant challenges” in preparing the country’s borders for the introduction of full customs controls on EU imports next year, the government spending watchdog has warned. In a report on the state of Britain’s borders after the Brexit transition period, the National Audit Office said the …

In 2020, Lagos generated nearly 420 billion naira in internal revenue, more than three times its closest rival, Rivers State. It is no coincidence that the state systematically tops the list of states in internally generated revenue (IGR). It turned out to have the most efficient and competent tax collection …

KUALA LUMPUR (November 1): Malaysian Economic Association (MEA) Post-Budget Dialogue 2022 panelists argued for the reinstatement of the Goods and Services Tax (GST) or the inclusion of a similar tax structure in the current tax system to broaden the government’s tax base to prepare for the turbulent times ahead. During …