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 ...

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

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.

New Income Tax Regime, IT Calculator: Tax department has stated that a dedicated tax calculator is available on the website of Income tax to compare the old and new tax regimes for individuals and ...

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 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.

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

The Value Added Tax, introduced to simplify revenue collection after WWII, is a mainstay of France – and Europe’s – fiscal policy, bringing in a large part of state revenue. As an ...

Britain's VAT rules have long triggered confusion and debate – not least about biscuits and cake – yet the tax is one of the top three money-makers for HMRC. First introduced in 1973, Value ...

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 ...