Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

The Federal Tax Authority (FTA) has confirmed that its digital VAT refund systems, including the VAT-refund system for UAE ...

The distribution of VAT revenue among Nigeria's states in 2024 revealed significant disparities between contributions and ...

Value-added tax, known more commonly as VAT, can add thousands of dollars to clinical trial costs but is fully recoverable.

The government borrows money by selling financial products called bonds. A bond is a promise to pay money in the future. Most ...

The government's recent move to increase value-added tax (VAT) on 43 goods and services has raised two key questions: will it generate enough revenue to avoid a huge budget deficit and will it ...

From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under 1 million VND ($40) sent via express delivery, under a new government directive. Imported goods valued ...

Following the government's decision to increase the value-added tax (VAT) late last week, the National Board of Revenue (NBR) announced efforts to expand income tax coverage. A press release from the ...

Over 170 countries, including all of Europe, impose a Value-Added Tax, which taxes goods and services at each stage of production. Consumption taxes in the U.S. are on a state-by-state basis.

This amount was included in income on line 12900 of Jacques’s 2024 final income tax and benefit return. The RRSP property was distributed to Jacques’s estate on March 15, 2025. The FMV of that ...

For example, if you purchased a Tesla Model 3 and owed say, $3,500 in income tax for the year, then that is the federal tax credit you would receive. If you owed $10,000 in federal income tax ...

“Examples include private jets ... The decision to scale back the planned VAT tax, which makes up around a quarter of the country’s tax receipts, will clearly have a fiscal impact.