What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
The Daily Star3d
NBR plans to phase out tax exemptions
While hiking value-added tax (VAT) on 43 goods and services, the National Board of Revenue (NBR) is also focusing on widening ...
Daily Post Nigeria on MSN19h
Tax Reform: Gov Sule dismisses claims of rift with President Tinubu
The governor of Nasarawa State, Abdullahi Sule, has faulted the efforts to create a wedge between President Bola Tinubu and ...
The Nassau Guardian15h
PM: Govt to reduce VAT on food by 50 percent
The government will slash the rate of value added tax (VAT) on food by 50 percent beginning April 1, Prime Minister Philip ...
Zawya7d
Oman: Income Tax will be imposed only when conditions are suitable
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 ...
Bangkok Post8d
Tax reform in the limelight
In 2025, a key government policy to monitor is tax reform initiatives recently floated by Finance Minister Pichai ...
Indonesia Waters Down Planned VAT Hike In Last-Minute Move
Indonesia scaled back its planned increase in the value-added tax rate just hours before it was set to take effect on January ...
ndtvprofit2d
Gross value added, which strips out indirect tax and subsidies, is expected to rise 6.4%%.
A Bloomberg poll of economists estimated the country's GDP to rise 6.4% in the current fiscal. GDP growth for the previous ...
malaymail15d
China’s updated value-added tax law to streamline exemptions from January 2026
China approved a value-added tax law today to take effect on January 1, 2026, the official Xinhua said, bringing into one document previous regulations ...
Sun Star2d
Tax Notes: VAT refund for non-resident foreign tourists
The Philippines has taken a step to boost tourism and enhance the shopping experience for international visitors through ...