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 ...

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 ...

The government remains committed to tax reform, but insists implementation as a comprehensive package encompassing value-added tax (VAT), corporate income tax and personal income tax to enhance the co ...

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

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

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

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 ...

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

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 ...