THE government’s increasing value-added tax and supplementary duty on 43 products and services such as clothes, restaurant bills, liquefied petroleum gas, air ticket, soap, detergent, tissue ...

Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes in the form of retail sales tax and excise tax (tax imposed on certain ...

The Inland Revenue Department (IRD) yesterday announced that it has achieved the highest-ever tax revenue in 2024, collecting ...

BEIJING, Dec 25 (Reuters) - China approved a value-added tax law on Wednesday to take effect on Jan. 1, 2026, the official ...

The Bauchi State Chamber of Commerce, Industry, Mines and Agriculture, has said it rejected the Tax Reform Bill before the ...

The draft law exempts tax on specific agricultural products, imported equipment for scientific research and teaching, certain ...

South Africa's latest Tax Statistics report has highlighted the severe concentration of the tax burden on a small fraction of ...

Despite an increase in VAT (Value Added Tax) in various sectors, the prices of essential goods are unlikely to be ...

China approved a value-added tax law today to take effect on January 1, 2026, the official Xinhua said, bringing into one ...

In 2025, a key government policy to monitor is tax reform initiatives recently floated by Finance Minister Pichai ...

Muscat: Income Tax will be applied to those with an annual income of RO 30,000 and above (monthly income of RO2,500) and will ...

Policymakers and tax authorities will focus on ensuring a smooth transition to the new legal framework, preserving the stability of tax policies and compliance processes. DOING BUSINESS IN CHINA ...