Under Japan’s current tax system, app and game companies are responsible for paying the consumption tax on app sales themselves. However, many overseas companies are believed to have failed to ...

Hence, only half of the revenues foregone by the government by the revision will boost consumption. The income tax rebate under the new tax regime has been raised to Rs 12 lakh per annum from Rs 7 ...

The Republican-controlled U.S. House of Representatives and Senate could spell disaster for the future of the IRS. A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act ...

Remember, the new tax regime is the default tax regime. Hence, the basic exemption limit of Rs 3 lakh will be applicable for all taxpayers. According to income tax laws, income tax return filing is ...

Private consumption, which accounts for more than half Japan's economic output, probably shrank by 0.3% after being revised down to 0.7% in the third quarter. Analysts pointed out the creeping ...

New Delhi: The government of India’s decision to remove personal income tax for individuals earning up to Rs 12 lakh annually will boost consumption. Individuals earning up to Rs 12 lakh ...

Despite international evidence confirming that increasing taxation on tobacco products lowers tobacco consumption, no such policy has yet been adopted: a cigarette pack costs on average US$1.50. To ...

Tariffs typically come in the form of taxes or duties levied on importers ... An example of an ad valorem tariff would be a 15% tariff levied by Japan on U.S. automobiles. The 15% is a price ...

Consumption is crucial for the economy amid uncertain exports and low corporate investments. The finance minister introduced significant income-tax cuts while maintaining fiscal consolidation.

Pay Full Price at Stores: Tourists will pay the total cost of their purchases, which includes Japan’s standard 10% consumption tax and an 8% tax for food items. Keep Receipts: Ensure you collect ...

This was a 0.1% increase from the previous year, with the figure being equivalent to 296.9 billion of Japan’s large, 633-milliliter bottles. China ranked first for consumption by country for the ...