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Author: Peter Nicholson

March 2025 Tax Headlines: Global VAT News

Here is our round-up of all the newest tax snippets from March 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world. Bahamas The Bahamas government proposes VAT reduction on unprepared food from 10% to 5 which will take effect on

Liberia set to replace GST with VAT in 2026

Liberia is preparing to implement a Value Added Tax (VAT) system by January 2026, replacing its current Goods and Services Tax (GST). The proposed VAT rate is set at 18%, a significant increase from the existing 10% GST. The GST in Liberia is a single-stage

February 2025 Tax Headlines: Global VAT News

Here is our round-up of all the newest tax snippets from February 2025 – featuring news of rate changes, regulatory updates and reclassifications across the world. Angola Angola has approved its 2025 budget, which includes a reduction in VAT for manufacturers from 14% to 7%

5 ways AI is set to revolutionise the tax industry

Rapid advancements in Artificial Intelligence (AI) are reshaping industries worldwide, and tax compliance is no exception. AI’s immense potential in addressing some of the most persistent challenges in indirect tax compliance cannot be overstated. Indeed, AI is emerging as a key tool in streamlining operations

Guinea-Bissau’s transition to VAT reform

Guinea-Bissau implemented a Value Added Tax (VAT) system on January 1, 2025, marking a significant shift in its taxation framework. This move aims to enhance tax revenue collection, promote tax justice, and ensure legal compliance, aligning the country with the harmonised model established by the