The government's excessive reliance on indirect taxes such as value-added tax (VAT) is putting a higher burden on low-income individuals, leading to a rise in poverty and inequality, according to ...

increasing the share of direct taxes in revenue and lowering the slab of indirect taxes in the forthcoming budget to achieve key economic targets set for the new year. To fill the gap between ...

Because among the taxes levied by the government, one is a direct tax and the other is an indirect tax. Old slabs, ranging from 10 to 30%. The government said that it will create such a system in ...

In this article, the author has dealt with Convergence-Divergence? The Evolving Relationship Between Direct and Indirect Taxes in India” vis-à-vis Inventories. Financial statements are considered a ...

5 Examples of Tax-Exempt Interest Income As we mentioned above, tax-exempt interest income is often associated with government or municipal entities that use the funds for public works and community ...

VAT is an indirect tax levied on the supply of goods and services consumed within Botswana. SACU receipts surpassed targets by P855 million, with actual collections amounting to P27.6 billion ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

ITR publishes a range of pieces every week on all the most pressing tax matters, covering direct tax, indirect tax, transfer pricing and more. We offer insights that will give our readers a ...

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