More than a hundred distinct goods and services are subjected to the newly announced value-added tax (VAT) and supplemental ...

Legislative Assembly of the National Capital Territory of Delhi and assented to by the Lt. Governor, introduces key changes ...

New tariffs are likely coming in Trump’s second term. While companies owe these import taxes, consumers usually foot the bill ...

As Budget 2025 is set to be revealed, the stakeholders in Indian commercial real estate expect some reforms in the GST ...

The National Board of Revenue is set to revise down the value-added tax (VAT) and supplementary duty (SD) on a number of ...

Act, 1956 came into force on January 5, 1957, while CST rate was 1% originally and was increased to 2% and then to 3% and 4% (with effect from July 1, 1975), according to the Department of Revenue.

UK inflation fell to 2.5% in December, however two-thirds of retailers surveyed by British Retail Consortium are planning to ...

Tax hikes on essential items such as medicines, LPG, and mobile phone SIM cards are implemented immediately after the ...

Indonesia began 2025 with an increase in the value-added tax (VAT) on luxury goods and services in a bid to boost state ...

New tax rules hit in 2025 just in time to trigger more 1099-K paperwork for Detroit Lions ticketholders who are reselling hot ...

Strong growth in non-corporate tax expected to surpass budget estimates by over Rs 73,000-83,000 crore, impacting tax ...

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 ...