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 ...

citing a communication issued by the Central Board of Indirect Taxes and Customs (CBIC). Details such as the mobile number, payment mode, and travel itinerary must be shared with the authorities ...

Opinions expressed by Forbes Contributors are their own. Aleksandra Bal covers indirect tax and technology developments. Germany's mandatory e-invoicing system will be implemented in phases ...

Revenues from indirect taxes last year amounted to 11 billion and 541 million BAM and are 901 million BAM higher or 8.47 percent compared to the same period in 2023 when they amounted to 10 billion ...

New Delhi: India's Central Board of Indirect Taxes and Customs (CBIC) Wednesday clarified that transactions involving vouchers do not constitute supply of goods or services and are thus not liable to ...

The Reserve Bank of India (RBI) classifies these as prepaid instruments, and the Central Board of Indirect Taxes and Customs (CBIC) has clarified their treatment under the Goods and Services Tax (GST) ...

Some Americans could get a break on their state income taxes this year, with nine states kicking off 2025 with a reduction in their individual income tax rates, according to an analysis from the ...

bringing his total indirect holdings to 40,140,082 shares. This acquisition was conducted through an on-market trade at a price of $0.76 per share. Investors may find this development noteworthy ...

In a statement, the NBR said it seeks to bring changes in the VAT law in order to expand the coverage of the indirect tax and rationalise the rates so that it can increase domestic revenue collection.

If you owe more in taxes or receive a smaller refund than expected, you may withhold too little on each paycheck. To adjust your withholdings, adjust your W4 as early as possible. Tax deductions ...