Indirect taxes are effectively a charge, levy or duty that you pay when you purchase certain items or services. You pay ...

The National Board of Revenue has issued several notifications by re-fixing the rates of VAT, Supplementary Duty and Excise ...

The government borrows money by selling financial products called bonds. A bond is a promise to pay money in the future. Most ...

By Dayo DaSilva Nigeria, Africa’s largest economy, is greatly struggling to create a conducive environment for businesses to thrive. Despite government’s efforts to boost economic growth, the ...

Trump's planned 60% tariffs on Chinese imports won't just affect electronics—they could drive up grocery prices too. Learn ...

Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the goods and services tax in India has been rolled over into the new year. Textile ...

US producer prices rose less than expected in December as higher costs for goods were partially offset by stable services ...

Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the goods and services tax in India has been rolled over into the new year.

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 ...

NEW DELHI, Jan 1 (Reuters) - India collected 1.77 trillion rupees ($20.66 billion) in goods and services tax in December, 7.3% higher than the same period last year, the government said on Wednesday.

The Union and state governments collected gross Goods and Services Tax (GST) revenue of ₹1.76 trillion in December, the lowest in in three months, but showing an improvement of 7.3% from a year ...

Currently, turnover tax is only paid when the annual turnover ... the proposal says a 15 percent VAT will be imposed on the sales of all goods and services produced by the business.