Highlights: The budget's emphasis on consumption-oriented measures, coupled with a relatively modest increase in capital ...

Reacting to the Finance Minister’s move to exempt annual incomes up to Rs 12 lakh from income tax under the new regime, ...

In a huge relief to the middle class and taxpayers, FM today announced there will be no income tax payable on income up to ₹12 lakh under new tax regime ...

or perhaps one that imposes no sales tax at all? While often overlooked, consumption taxes, which include sales taxes, can significantly affect your finances. In 2023, a group of House Republicans ...

VAT is a consumption tax, benefiting where it is consumed, not where it is produced,” he explained. Mayungbe further clarified how the revised formula addresses regional disparities, noting that ...

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 ...

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 ...

How equitable are consumption taxes in developing countries? How might stronger consideration of the informal sector enhance tax equity and revenue collection? A recent study by CID faculty affiliate ...

The Centre’s move to revise the tax slabs is expected to stimulate middle class spending and revitalise urban demand boosting India’s consumption story, believe consumer goods companies.

Wanting to tout economic gains under his watch, President Marcos has ordered agencies to make economic terms “easily ...