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 ...

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

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 ...

Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on January ...

Indonesia's President Prabowo Subianto on Tuesday said a planned increase in value-added tax (VAT) rate by one percentage ...

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

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

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 ...

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

More taxes. Less disposable income. Higher food, water and electricity bills. As 2025 starts, Israelis face a ...

Sri Lanka recorded its highest-ever tax revenue in history, collecting a total of Rs. 1.95 trillion in 2024, the Inland ...