In a sharp contrast to the previously annouced plan, basic goods are exempt from the VAT hike. Under the new policy, ...

While hiking value-added tax (VAT) on 43 goods and services, the National Board of Revenue (NBR) is also focusing on widening income tax coverage by phasing out exemptions to raise the tax to GDP ...

Delhi government's excise revenue from liquor trade saw a jump of around 13 per cent in the first three quarters of 2024-25, ...

Crypto asset industry players in Indonesia hope that they will not be subject to value added tax (VAT) in order to accelerate ...

President Bola Tinubu has started sending emissaries to the northern elite to clear the way for the passage of the tax reform ...

The departure of wealthy individuals from South Africa has created a significant gap in government revenue for a country ...

The Northern Elders’ Forum (NEF) has accused President Bola Ahmed Tinubu’s administration of displaying a troubling disregard ...

The report attributes the growth to increased collections from corporate tax and value-added tax (VAT). Corporate tax is levied on profits made by companies ...

The government has decided to increase VAT on 43 goods and services to 15%, along with raising taxes on items like airfares, cigarettes, medicine, detergents, and soaps – an unprecedented move in Bang ...

The Inland Revenue Department (IRD) has recorded its highest-ever tax revenue collection in 2024, amounting to Rs. 1,958,088 ...