VAT News
Latest articles and news about VAT on AXL Media.
Latest Articles
- Ukraine and IMF explore bank tax alternatives to avoid mandatory VAT for sole proprietors in 2027
Published: Apr 20, 2026
Section: Global Economy
Prime Minister Yulia Svyrydenko confirmed that the International Monetary Fund and Ukrainian officials are seeking fiscal alternatives to a controversial plan that would impose val...
- SARS to Eliminate Individual Tax Numbers in Favor of Unified Biometric Digital ID System
Published: Apr 3, 2026
Section: Banking & Finance
The South African Revenue Service (SARS) is spearheading a "Modernisation 3.0" project to replace traditional tax numbers and ID documents with a single, unique digital identity fo...
- Ukraine Finance Ministry Unveils Major Tax Reform Bill Targeting Digital Platforms, Entrepreneurs, and Post-War Military Levies
Published: Mar 20, 2026
Section: Europe
The Ministry of Finance has published a comprehensive 42-page tax proposal designed to generate UAH 60 billion in annual revenue and satisfy IMF requirements. Key provisions includ...
- Reform UK Pledges Full Elimination of Energy VAT and Green Levies Amid Surging Post-War Prices
Published: Mar 18, 2026
Section: Europe
Nigel Farage’s Reform UK has announced a fiscal package aimed at reducing average household energy bills by £200 through the total removal of VAT and environmental subsidies. The p...
- IMF Backs Ukrainian Tax Reform to Curb Evasion and Level Playing Field for Compliant Businesses
Published: Mar 16, 2026
Section: Ukraine War
IMF Resident Representative Priscilla Toffano clarified that proposed tax initiatives under the Extended Fund Facility are designed to target tax evasion rather than small business...
- South African Betting Operators Warn of Effective 39% Tax Rate as Government Proposes New 20% National Levy
Published: Mar 10, 2026
Section: Online Gambling
The South African government has proposed a new 20% national tax on gross gambling revenue (GGR) from online betting, aimed at curbing problem gambling. Industry stakeholders, led...
- Proposed twenty percent gambling tax threatens viability of licensed South African bookmakers according to industry leadership
Published: Mar 4, 2026
Section: Business & Economy
The South African Bookmakers Association has warned that a proposed new levy could raise the total tax burden on licensed operators to nearly thirty nine percent. Industry represen...
- Nigeria’s Corporate Tax Revenue Climbs to N2.96 Trillion in Q3 2025 Amid Surge in Foreign Multinational Contributions
Published: Mar 4, 2026
Section: Africa
According to the latest National Bureau of Statistics (NBS) report, Nigeria’s Company Income Tax (CIT) revenue reached N2.96 trillion in the third quarter of 2025, a 6.55 percent i...
- Israeli Knesset Rejects Finance Minister Smotrich Proposal to Double Online Purchase VAT Exemption Limits
Published: Feb 24, 2026
Section: Business & Economy
The Israeli Knesset has formally voted down a proposal by Finance Minister Bezalel Smotrich to raise the VAT exemption threshold for online international purchases from $75 to $150...