Posts Tagged
‘economy’

India expects to refund $1 billion to UK-based Cairn Energy after it moved to scrap a retrospective tax law that unleashed bitter fights with prominent foreign investors, Financial Times reported. The lower house of parliament on Friday approved a draft law introduced the previous day, cancelling a 2012 policy that enabled […]

The State Tax Service (STS) of Kyrgyzstan collected KGS 6 billion 555.9 million of taxes and payments in January 2021, Trend reports citing Kabar. The press service of the STS said that the plan was fulfilled by 119% or exceeded by KGS 1 billion 45.9 million. Compared to January 2020, tax revenues increased by KGS […]

Millions of Italians have signed up for a government scheme offering a 10pc refund for card payments in stores in just two weeks in an attempt by Rome to cut tax evasion and boost retailers hit by coronavirus restrictions. The roaring start to the scheme, which requires downloading an app followed by a lengthy registration process, […]

Kenya Revenue Authority (KRA) has announced that the newly introduced Digital Service Tax (DST) came into effect on January 1. The Finance Act 2020 introduced DST on income from services provided through the digital marketplace in Kenya and will be applied at 1.5 percent on the gross transaction value (exclusive of VAT). “The Finance Act […]