VAT on Goods

Nowhere to go as KRA installs VAT system to catch tax cheats

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 …

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El Salvador announces its intention to build a so-called “Bitcoin City”

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, …

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I bought a £ 315 returns pallet – received £ 1.7,000 worth of ‘broken’ products

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: …

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[EDITORIAL] Calls for tax reforms

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 …

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