Income created during the production process and defined as production value less intermediate consumption. It is the income available for compensation of the production factors involved. Back to ...

A recent IMF study concludes that the VAT can be a good way to raise resources and modernize the overall tax system—but this requires that the tax be well designed and implemented The rapid rise of ...

Learn about our editorial policies Other comprehensive income ... statement. OCI is an important figure because it can provide more insight into a company's financial health and its overall value.

The ANC statement failed to mention the proposal made by ActionSA in the finance committee on Tuesday for amendments which ...

Value added tax (VAT) is a consumption tax that applies to most goods and services ... To ensure fairness, this contribution is capped at 50% of the country's gross national income (GNI). The VAT ...