Commerce Adviser Sk Bashir Uddin today defended the interim government's recent move to increase Value Added Tax (VAT) saying that indirect taxes are critically important for an unregulated market.

The recent decision to increase and impose additional value-added tax (VAT), customs and supplementary duties (SD) on as many as 100 consumer goods and services—that, too, in the middle of a ...

Furthermore, the Central Board of Indirect Taxes (CBIC) has been taking steps to digitise the compliance processes such as broad-basing e-invoicing and Invoice Management System (IMS) for credits ...

While the Government has previously launched similar schemes for erstwhile Indirect taxes (Sab ka Vishwas) and for GST (Section 128A scheme), an amnesty scheme for Customs was yet to be finalized and ...

Now that the holidays are over and 2025 is in full swing, it's time to start thinking about your favorite time of year — tax season! Okay, so maybe you're not all that excited about filing taxes.

Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We break it down so you can have the most worry-free tax filing possible.

Taxes collected from both direct and indirect tax are considered in Tax Revenue. Also See: Non-Tax Revenue, Direct Tax, Indirect Tax ...

Losses can also offset up to $3,000 of ordinary income annually. Unused losses carry forward indefinitely as per current tax rules. Beware of wash sale rules (as per the IRS cryptocurrencies are ...

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July ...

The filing window for this season's taxes is right around the corner: Jan. 27. You still have time before the 2025 tax filing deadline, but it's never too early to put Tax Day on your radar.

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 ...

The reality of President-elect Donald Trump’s goal for mass deportations of undocumented immigrants is beginning to set in. Stephen Miller, Trump’s pick for deputy chief of staff, expressed ...