Government and commercial banks have agreed on the mechanism for applying the value-added tax (VAT) on financial transactions based on the difference between the lending rate used by banks on specific ...
Manufacturers have blamed change in the formula applied in calculating Value Added Tax (VAT) refunds for cash flow challenges resulting in piling loan defaults. The taxman in September 2017 enforced ...
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has rejected the proposed changes to the Value Added Tax (VAT) sharing formula included in the Tax Reform Bills currently before the ...
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