‘Tax holiday’ bill up for House of Commons vote. What to expect
The legislation, which was tabled on Wednesday, calls for a two-month break on the goods and services tax or harmonized sales ...
IRS Announces Another Reporting Change For PayPal, eBay, And Cash Apps
Christmas came early for the second time in a row for many taxpayers and tax professionals. The IRS has announced that it ...
The Vancouver Sun16h
Tax breaks and rebates coming for British Columbians: What to know
The tax break will cost the federal government an estimated $1.6 billion. British Columbians will still have to pay the seven ...
‘Tax holiday’: From Christmas trees to Pokémon cards, what it includes
Starting next month, Canadians could get a temporary 'tax holiday' on dozens of items as a Liberal bill inches closer to ...
The Star8d
High value goods tax and SST to serve distinct purposes
“However, e-invoicing has been implemented in many countries to complement the goods and services tax (GST) or value added tax. “It allows output tax and input tax to be matched, thus removing ...
Tax Guru2d
Kerala High Court Addresses GST Input Tax Credit Misclassification
The Kerala High Court recently adjudicated a case concerning the misclassification of GST Input Tax Credit (ITC) in the matter of Rejimon Padickapparambil Alex vs Union of India. The case revolved ...
CNBC8d
Value-Added Tax (VAT): What it is and how to get it refunded if you shop while traveling
The idea of a value-added tax (VAT) is a foreign concept to most ... VAT is applied to most goods and services but if you're planning on international travel, there's a good chance you can get ...
Tax Guru7d
Demo Vehicles Capitalized by Dealers Qualify as Capital Goods for ITC
5.3 Also, section 2 (19) of CGST Act defines “capital goods” as, “capital goods” means goods, the value of which is ...
Trudeau to cut sales tax and send checks to millions of Canadians as election looms
Canadian Prime Minister Justin Trudeau plans to temporarily lift the federal sales tax off a slew of items and send checks to ...
Wall Street Journal10d
Canada’s Liberal Government Agrees to Exempt Sales Tax on Some Goods, Services
The left-wing New Democratic Party said late Wednesday that the Liberals have agreed to temporarily exempt the national sales tax from some goods and services. The NDP, which pushed for the ...