Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

Sovos, the always-on compliance company, today announced that they have achieved full SAP certification for its Indirect Tax ...

The government’s Viksit Bharat vision is reflected in the Union Budget with a persistent focus on ‘Make in India’, export ...

Now comes the interesting thing for business and tax leaders, as this year, the impacts of these massive political transitions are coming home to roost from a policymaking perspective, according to ...

A staggering 67% of individuals earning Tk 1 crore annually remain outside the tax net, according to Khondaker Golam ...

Summary: The Union Budget 2025 proposes a rationalized customs tariff structure by removing seven tariff rates, leaving only eight, with minor reductions on select items. To support domestic ...

The FM has retained the effective tax rate of most products to the pre-budget rates by balancing through the AIDCess, notes ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as retailers or producers, who then pass the payments to the government.