Increases in the standard value added tax rates of several European countries have intensified the need to recover VAT incurred by employees on foreign trips, according to the VAT recovery specialist ...

They say only death and taxes are certain: the folks living in 10 countries with the highest tax rates in the world know all about that. Taxes are the backbone of every country’s social policy, but ...

When the price of oil bottomed out in 2015, Gulf Cooperation Council (GCC) countries knew it was time to face the future. It wasn’t as if the commodity that had kept their economies vibrant for so ...

Gulf nations hop on the VAT bandwagon, promising value-added taxes on goods and services in 2018. In February this year, the Gulf Cooperation Council confirmed that its six member countries—Bahrain, ...

Although an illustration released by Treasury during the 2025 Budget proposal implies that our VAT rate is among the lowest in the world, adding a broader spectrum of countries to the list shows that ...

WASHINGTON, Oct 22 (Reuters) - Cash-strapped countries are increasingly imposing indirect taxes, such as value-added taxes, as governments hunt for new revenue sources, a survey by an accounting firm ...

When visiting Europe, you'll find that many goods and services are assessed a "value added tax," or VAT. It's a tax on consumption rather than income, and it ranges from 15-25%. If you pay this tax ...