Nigeria will need to increase its value-added tax (VAT) rate to at least 10% by 2022 and 15% by 2025 from 7.5% now to boost revenues after it recovers from a recession, the International Monetary Fund ...
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What is the VAT Flat Rate Scheme and how does it work?
The VAT Flat Rate Scheme makes bookkeeping easier by allowing you to pay a fixed percentage of your VAT-inclusive turnover to ...
A proposed tax amendment could deliver a serious financial blow to schools that claim VAT, potentially creating major cash flow problems if it comes into effect. This was the warning from tax experts ...
If the turnover threshold or limit for registration for VAT had been adjusted for inflation annually since the last increase in 2009, it would now be around R2.1 million. Instead, it has not been ...
Nigeria’s manufacturers paid more in value-added tax (VAT) in 2024 than at any time in the past five years, even as the sector’s output in terms of net value shrank to its lowest in 15 years, ...
MANILA – The Supreme Court (SC) has clarified that businesses registered with the Philippine Economic Zone Authority (PEZA) are not completely exempt from paying value-added tax (VAT). In a decision ...
The CREATE MORE law has been in effect for approximately six months, and it has already drawn renewed attention from foreign investors. The incentive framework it introduced has encouraged ...
Abstract: Automatic Speech-recognition (ASR) is an engaging way for human-computer interaction. It is a process of deriving linguistic information from acoustic signals while removing noise signal ...
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