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 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 ...

BEIJING, Dec 25 (Reuters) - China approved a value-added tax law on Wednesday to take effect on Jan. 1, 2026, the official ...

China approved a value-added tax law today to take effect on January 1, 2026, the official Xinhua said, bringing into one ...

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

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

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 ...

Policymakers and tax authorities will focus on ensuring a smooth transition to the new legal framework, preserving the stability of tax policies and compliance processes. DOING BUSINESS IN CHINA ...

VAT, which constitutes the largest tax category in China, accounted for approximately 38% of national tax revenue in 2023 ...

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has outlined key proposals aimed ...

BEIJING, Dec 25 (Reuters) - China approved a value-added tax law on Wednesday to take effect on Jan. 1, 2026, the official Xinhua said, bringing into one document previous regulations that have ...