taxes
- World
Tax evasion among self-employed foreigners on rise in Lithuania: Authorities
Vilnius: The number of self-employed foreigners avoiding taxes has been on the rise in Lithuania in recent years, according to the State Tax Inspectorate (VMI). The majority of those failing to meet…
- Middle East
Dubai reinstates 30 per cent alcohol tax effective from January 1
In a significant development, Dubai has announced a reinstatement of a 30 per cent tax on alcohol sales effective January 1, 2025, marking the end of a two-year suspension that began in…
- India
Bengal govt calls for 50% devolution of taxes to states
Kolkata: Sixteenth Finance Commission Chairman Arvind Panagariya on Tuesday said the West Bengal government has urged the panel to increase the devolution of taxes to states from the current 41 per cent…
- Hyderabad
Telangana: Funds sought from 16th Finance Commission for COVID-19 affected industries
Hyderabad: During a meeting with the 16th Finance Commission held at Jyotiba Phule Praja Bhavan on Monday, members of various trade bodies from Telangana like FICCI and CII have sought for change…
- India
Sitharaman speechless over high taxes in Indian stock market
Union Finance Minister Nirmala Sitharaman has been left speechless over the high taxes levied on Indian stock market brokers and real estate transactions. Later, the video went viral on social media. Nirmala…
- World
Trump could owe over USD 100 mn in taxes if he loses audit case: Report
Washington: Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his…
- News
Pro-poor approach adopted for GST implementation: Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government has adopted “a pro-poor approach” while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage…
- India
I-T Dept detects cases of tax not being fully paid, fixes deadline to pay up
New Delhi: The Income Tax Department has identified some persons and entities whose payment of taxes for financial year 2023-24 is not commensurate with the financial transactions made by them during this…
- Business
Samsung family members selling $2 bn worth shares to cover inheritance taxes
Seoul: Members of Samsung Group’s owning family are set to sell nearly 2.6 trillion won ($2 billion) worth of shares in Samsung affiliates to cover inheritance taxes, a regulatory filing showed on…
- Pakistan
Pakistanis burn electricity bills, protest against imposed taxes
Islamabad: Thousands of people across Pakistan have taken to the streets to protest against soaring electricity bills and high taxes imposed by the government at a time when surviving high inflation has…
- World
Indian-origin man pleads guilty to tax evasion in US
New York: An Indian-American tax return preparer faces a maximum penalty of five years in prison after pleading guilty to evading assessment of his personal federal income taxes. Samir Patel of Statesboro,…
- India
GST mop-up in March at Rs 1.60 lakh cr second highest ever, FY23 gross collection up 22%
New Delhi: GST collections in March grew 13 percent to the second highest ever at Rs 1.60 lakh crore, taking the growth rate of revenue mop-up for full 2022-23 fiscal to 22…
- Pakistan
Pak traders threaten nationwide protest if more taxes are imposed
Islamabad: Traders in Pakistan have threatened to launch a nationwide protest if the government imposes a fresh wave of taxes to fulfill International Monetary Fund’s (IMF) conditions and demanded that the government…
- Telangana
Centre lauds Telangana for geo-tagging, advises other states to follow
Hyderabad: The Central Government has praised the geo-tagging system of houses in Telangana. The Union Urban Development Department has advised other states of the country to follow this draft system of Telangana.…
- World
Making pitch for immigration reform, US lawmaker says Indians pay 6 pc of taxes
New York: Making a pitch for immigration reforms, a Republican lawmaker has cited the contributions of Indian immigrants, who, he said, pay 6 per cent of taxes in the US. Saying that…
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