GST means Goods and Services Tax GST applies to all goods and services. The government has not yet implemented GST on petrol ...

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 ...

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

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

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

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

Indonesian president Prabowo Subianto has confirmed that the increased value-added tax (VAT) from 11 per cent to 12 per cent, ...

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 ...

JAKARTA -- Just five hours before a New Year's Day increase in Indonesia's value-added tax (VAT) rate from 11% to 12% was set ...

While the government's decision to backtrack on the planned VAT rate hike offers short-term relief, it also erodes public ...

The Foreign Tax Credit is a way to lessen your U.S. tax liability and offset income taxes paid to other countries. Find out ...