GST means Goods and Services Tax GST applies to all goods and services. The government has not yet implemented GST on petrol ...

Indonesia has officially implemented a 12% value added tax (VAT) on luxury goods and services starting on Jan. 1, a 1 ...

Sri Lanka’s tax revenue reached an alltime high in 2024, with the Inland Revenue Department (IRD) collecting Rs.1,958 billion, a 25 percent jump from the previous year. However, despite the strong ...

Sri Lanka's Department of Inland Revenue has collected 1,958.08 billion rupees in 2024, up 25.1 percent from, a year ago, ...

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 Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Find out ...

Some very significant Croatian law changes are set to shape 2025. Here's an overview as we look ahead to a likely rather ...

The last-minute shift by President Prabowo Subianto came in response to strong criticisms from business associations and ...

The advisory council approved the Amendment of Value Added Tax and Supplementary Duty Act yesterday, resulting in a VAT increase on 43 goods and services ...

From easing restrictive policies to introducing stimulus measures, China's 2024 real estate policy package, whether at the ...

In Puducherry, retail prices for petrol and diesel have been increased by Rs 2 per litre as of Wednesday, after the territorial government raised the Value Added Tax (VAT) rate to boost revenue. The ...

Following the IMF's recommendations, the National Board of Revenue (NBR) is planning to increase the value-added tax (VAT) on restaurants from 5% to 15%, while the rate on non-AC hotels could be ...