Taiwan's Mainland Affairs Council (MAC) condemned the move by China that it will end tariff exemptions on 34 products from Taiwan, which will be effective from September 25, and called the decision "economic coercion."
In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to bring a new and simplified personal income tax regime wherein income tax rates were significantly reduced for those who forgo certain deductions a
Delhi NCR [India], July 25: Finance Minister Nirmala Sitharaman announced India's Union Budget for 2024-25, focusing on employment, skill development, support for MSMEs, and the middle class. This pivotal moment for India's fiscal policy outlined the government's financial roadmap, with all
"This budget is status quo for health concerns, with only two silver linings: customs duty exemptions on diagnostics and cancer drugs. The economy has moved from USD 3.4 trillion to USD 4 trillion," said Dr Asokan.
In its report released on Pakistan, the World Bank advised the Pakistani government of the urgent need for tax system reforms and the removal of sales tax exemptions to promote economic and social improvement.
New Delhi [India], March 19: Cusbuzz has launched India's first AI-enabled customs duties app, which promises to revolutionize the way EXIM businesses, logistics firms, and customs house agents access and leverage customs information. In the dynamic and ever-evolving landscape of internation
Abu Dhabi [UAE], February 15: The United Arab Emirates (UAE) introduced a federal corporate tax law which came to effect on 1st June 2023. It applies to all businesses operating in the country, with some exceptions. The corporate tax rate is 9 per cent on taxable income exceeding AED 375,000
DPIIT Joint Secretary Sanjiv highlighted that after benefiting from income tax exemptions, the growth in startups, rose from 1,100 in March 2023 to 2,975 by the year-end.
"The ministry proposed 20 countries with the highest (number of) foreign tourists, except for those with existing visa exemptions," Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno said in Jakarta on Thursday.
Under the final stage (Stage IV) of the Centre's action plan, only CNG, electric, and BS VI-compliant vehicles from other states are allowed to enter Delhi, with exemptions granted to those involved in essential services.