The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

What is a value-added tax (VAT)? A value-added tax (VAT) is very similar to a traditional sales tax, in that the consumer pays it at the point of purchase.

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started.

Work out how much VAT you'll need to pay on top of a builder's quote or on other purchases. Different rates of VAT apply to different goods and services. There are currently three rates - the ...

The Tax Trump Hates and the Rest of the World Won’t Give Up Value-added taxes, which the president says discriminate against U.S. exporters, fund a large share of government budgets in many ...

New car taxes contribute extensively to the price of vehicles. We unpack all the costs associated with both ICE and electric ...

A value-added tax is not a tariff, but Trump blames it for America’s trade deficit with the European Union.

New UAE VAT rule now requires no separation of price components in single composite supply Every supply - whether of goods or services - has four possible VAT treatments: standard-rated, zero ...

The Trump administration’s tariffs are targeting a sacred pillar of economies around the world—one that allies and rivals alike are unlikely to give up: value-added taxes.