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Kerala Finance Minister KN Balagopal on Saturday pleaded for the extension of GST compensation beyond June next year, stressing that the state was already grappling with a significant shortfall. Speaking to the media here, the minister said the state is not getting its due following recommendations from the 15th Finance …
Read More »HMRC warns Christmas shoppers of ‘unexpected fees’ from foreign traders caused by Brexit changes
Wrexham.com> News Posted: Sat 18 Sep 2021 With less than 100 days to Christmas, HMRC is urging buyers to make sure they don’t get caught up in unforeseen charges when shopping from overseas traders. The changes introduced on January 1 of this year mean that some UK consumers who purchase …
Read More »Don’t infringe on state rights to raise taxes, says Maharashtra MP Ajit Pawar
Amidst the chorus for the inclusion of gasoline and diesel prices in the goods and services tax (GST), the government of Maha Vikas Aghadi on the eve of the GST Council meeting said on Thursday that it should not be done by reducing or infringing on the right of the …
Read More »Tanzania: Remembering Basil Mramba – Let the good times roll
“Sawa sawa” was a response from stock, I remember the late Basil Pesambili Mramba (BPM), Minister of Finance from November 2000 to 2005, who was buried on August 21, 2021. Simple words – but which sum up his attribute of ” be a good listener; and it is this listening …
Read More »VAT rules for non-resident operators in e-commerce
The Ministry of Economy and Finance has issued a prakas introducing new rules and procedures governing value added tax (VAT) on goods and services provided through e-commerce. The new legislation, dated September 8, mainly targets e-commerce transactions between Cambodian tax-paying consumers and sellers active in Cambodian territory who are non-residents …
Read More »“As a tourist in the UK, can I still claim a VAT refund on products purchased when I leave? “
I used to travel to UK every few months on business and if I bought larger items there I could claim VAT. I have not traveled for some time due to the coronavirus pandemic, but have heard mixed reports as to whether I will be able to do so at …
Read More »Rules for transporting furniture from the UK to a second home
Several readers have asked about customs procedures for bringing furniture and other items from the UK to a French second home. Before Brexit there were no customs checks on private cars or vans coming to the continent, but that has now changed. Based on readers’ reports so far, there is …
Read More »What You Need To Know About Rivers State Value Added Tax Law
Friday, Aug 27, 2021 / 4:19 p.m. / by CITN / Header image credit: Opinion Nigeria / Ecographics Rivers State Governor Barr Nyesom Wike on the 19the of August 2021 enacted the Rivers State Value Added Tax Law, which provides for the imposition and administration of value added tax (VAT) …
Read More »The new threat to China’s luxury boom: what you need to know
Rambourg agrees: “I don’t think they would increase VAT on luxury goods. You could say the world is closed today so people have no choice but to buy locally, but eventually the world will reopen. “ Already, other actions have been taken. China has launched an antitrust investigation into Alibaba; …
Read More »DOF: Axie Infinity players must pay “pet” trade income tax
Photo credit: AxieInfinity.com MANILA, Philippines — Players of the popular online game Axie Infinity who sell “pets” and earn real-world money must pay income taxes owed to these transactions, the finance ministry said ( DOF). “Whoever makes money out of it is income that you have to declare,” Deputy Finance …
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