You don’t just pay tax on your earnings and wealth – you’ll also pay indirect tax as part of your everyday, regular spending – but you might not realise it. These types of tax won’t come ...

The recent decision to increase and impose additional value-added tax (VAT), customs and supplementary duties (SD) on as many as 100 consumer goods and services—that, too, in the middle of a ...

Commerce Adviser Sk Bashir Uddin today defended the interim government's recent move to increase Value Added Tax (VAT) saying that indirect taxes are critically important for an unregulated market.

One of the fundamental flaws with our revenue collection scheme has been an over-reliance on indirect taxes, primarily sales taxes in the form of the value added tax (VAT). In lieu of improving the ...

VIJAYAWADA: The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has written to the State government, urging the introduction of a settlement scheme for indirect tax disputes.

Below are my five expectations from the Union Budget 2025-26: 📌 Change dividend income tax policy and commit to lowering/simplifying indirect taxes ... with a clear preference for capex. It would ...

Need a break? Play the USA TODAY Daily Crossword Puzzle. Tax season officially starts Monday, Jan. 27. But that does not mean you can’t get started on your tax filing now. While Monday is the ...

Definition: Tax Revenue forms part of the Receipt Budget, which in turn is a part of the Annual Financial Statement of the Union Budget. Description: It gives a detailed report on revenue collected ...

Furthermore, the Central Board of Indirect Taxes (CBIC) has been taking steps to digitise the compliance processes such as broad-basing e-invoicing and Invoice Management System (IMS) for credits ...

She holds a master’s degree from Arizona State University. Maskot / GETTY IMAGES Moving to a state with lower taxes might seem like a great way to save money, especially on income taxes.

Now that the holidays are over and 2025 is in full swing, it's time to start thinking about your favorite time of year — tax season! Okay, so maybe you're not all that excited about filing taxes.

Losses can also offset up to $3,000 of ordinary income annually. Unused losses carry forward indefinitely as per current tax rules. Beware of wash sale rules (as per the IRS cryptocurrencies are ...