Tax

Indian government announces a slight increase in the windfall tax on domestically produced crude oil and diesel

In response to ongoing fluctuations in the market, the Indian government led by Prime Minister Narendra Modi has announced a…

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British tax tribunal rules that Walkers mini poppadoms are not exempt from VAT

British snack food manufacturer Walkers is facing a notable tax setback as a tribunal has ruled that its mini poppadoms…

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Singapore gears up for an increase in sales tax in 2024

Singapore is preparing for a second phase of its goods and services tax (GST) increase in 2024, raising it by…

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Commodity Market: Gold price remain firm

Mumbai: Price of sovereign gold remained unchanged in the Kerala market. Sovereign gold is trading at Rs 41,120 per 8…

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Liquor license fee scrapped in Dubai; 30% alcohol tax eliminated

Dubai: In a significant move, the Dubai government on Sunday eliminated the 30% tax on alcohol sales and made liquor…

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Budget deficit nears ‘record $1 trillion’ in China; Report

During the year’s first nine months, China’s overall fiscal deficit reached a record high. According to estimations by Bloomberg, there…

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Indirect tax collection grew by 14%

New Delhi: The Union Finance Ministry  informed that the indirect tax collections in the country grew by 14% on year…

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Direct Tax collections rises by 35.46% to Rs 6.48 lakh crore

New Delhi: The overall direct tax collection in the country has surged by 35.46% . Up to September 8, the…

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Govt launches competition to ‘encourage alcohol consumption’ as tax revenues decline

After a shift in attitudes among young adults resulted in a drop in tax revenues, the Japanese government has launched…

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Direct tax collections expected to cross Rs 12.50 lakh crore: CBDT chairman

New Delhi: Central Board of Direct Taxes (CBDT) Chairman  J B Mohapatra informed that the direct tax collections in the…

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Canada introduces tax for unvaccinated people, as health-care system struggles

Adults who refuse to be vaccinated against COVID-19 will be forced to pay a “health contribution” in Quebec, Canada’s second…

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Shakira might face trial in Spain over tax evasion, judge cites evidence

Spain: Shakira, the Colombian musician, may have to take the stand for charges of fraud after a Spanish judge recommended…

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Rolls Royce case: HC issues stay order, but asks actor Vijay to pay the tax

Chennai: On July 27, the Madras High Court heard an appeal filed by acclaimed Tamil actor Vijay regarding an order…

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Meeting of finance ministers from across the G7 nations

Group of Seven rich nations will seek to overcome long-standing differences and strike a landmark deal to close the net…

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“Parliament passes Finance Bill” ; Provides 10-year income-tax exemption to National Bank

New Delhi; The bill provides a 10-year income-tax exemption to National Bank to Finance Infrastructure and Development. It also provides…

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YouTube to start deduct taxes from earnings of YouTubers

There are many people who rely on YouTube channel for extra income. Thousands of YouTube channels are sprouting up, including…

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“We don’t want you” :- Toyota stops expansion in India!!!

Bangalore: Due to the high tax regime in India, Toyota Motor Corp. won’t expand further in the country. The government…

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Taxes Cut On Rising Fuel Prices In 4th State; BREAKING NEWS!!!

This is a breaking news. The 4th state has cut their taxes on the rising fuel prices. After Rajasthan, Andra Pradesh…

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Soon these banks will charge tax for ATM transactions and other freebies

To its customers and to attract many more banks offer various services and freebies. But these services are soon to…

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GST collections for the month of February : Here is the figures

GST collections for the month of February: Here is the figures GST collections slid for the second straight month to…

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Entertainment industry is suffering due to tax: Richa Chadha

Richa Chadda is an Indian actress who works in Hindi films. After debuting with a bit role in the comedy…

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Higher tax on cigarettes;makes industry under pressure

ITC today said it has to bear an incremental tax burden of over 20 percent due to the combined impact…

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UAE to be removed from Tax haven blacklist

Countries like UAE and South Korea among many other countries will be removed from the tax haven blacklist compiled by…

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South Indian actress Amala Paul surrenders, CB charged

Each product has a certain amount of tax to be paid. And evading this tax is a punishable offence. And…

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GST council meeting on next week; tax simplification may be on priority

The GST Council is expected to meet next week, and according to media reports simplification of tax returns may be…

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Will middle-class taxpayers find relief ? Finance Minister searches ways

Do you belong to a middle-class family? Are you paying your taxes on time? Are you still burdened by the…

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Register before VAT comes in place

Ahead of the nationwide implementation of the Value Added Tax (VAT) in the UAE, du has launched a simple online…

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Actors Amala Paul and Fahad Fazil have sought more time to appear before the Crime Branch team

Actors Amala Paul and Fahad Fazil ask for time in tax evasion case. Both have sought three more weeks time…

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Income tax department has conducted surveys at all major bitcoin exchanges across the country.

PTI news agency reported quoting officials that income tax department has conducted surveys at all major bitcoin exchanges across the…

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UAE: new tax laws and regulations will soon be released

Recently the Emirates government had changed their laws regarding VAT and other taxes. But new laws are soon to be…

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Dubai; VAT will not use to manipulate price, from Jan 1.

CCCP (The Commercial Compliance & Consumer Protection) sector in Dubai Economy has called on retailers in Dubai not to use…

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Experts brainstorming on GST litigations

With the recent changes in the GST rates, 90% of the problems have been solved. But this does not stop…

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Anti-pak protests at Pok: Locals take to streets.

Massive non-cooperation movement has been launched across Gilgit-Baltistan. Scores of people are on streets venting out their anger against new…

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Various misconceptions surrounding GST

  Since GST has been rolled out from July 1, many misconceptions and rumours regarding its functioning, how it will…

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Expats in Saudi to pay 100 riyals tax per family member

Saudi Arabia on Thursday said it had begun taxing foreigners working in the private sector. On July 1, foreigners working…

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