Tax Hikes
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Venice Hikes Tourist Tax In Bid To Curb Overcrowding
Venice will crack down on tourists by blocking additional days, raising prices, and enforcing harsh penalties for noncompliance.
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Union Budget 2025-26: What Does It Offer Senior Citizens?
Union Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for TDS on income interest, hike the threshold on rent and exempt withdrawals from National Savings Scheme (NSS) accounts from tax for senior citizens.
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Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
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Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
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GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
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Fuel Price Hike In Punjab After Value Added Tax Increases On Petrol, Diesel
The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.
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New Zealand Hikes Tourist Tax By 200% To Support Economy And Conservation Efforts
New Zealand will significantly raise its International Visitor Conservation and Tourism Levy from NZ$35 to NZ$100 starting October 1st, aiming to boost economic growth and ensure tourists contribute to public services and conservation efforts.
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UK PM Keir Starmer Signals Tax Hikes In October Budget To Rebuild Finances
UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".
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IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
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RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
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Sensex, Nifty Open Lower Day After Budget Announcements
Stock market benchmarks indices Sensex and Nifty declined in early trade on Wednesday, extending their Budget day fall, after the government proposed to hike securities transaction tax on futures & options.
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Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024
Union Budget 2024: The price of cigarettes will remain unchanged after the government announced no hike in the existing tax rates on tobacco products in the 2024 Union Budget.
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Budget 2024: How To Calculate Long-Term And Short-Term Capital Gains After Tax Hike
The Union Budget for 2024-25 has introduced a significant capital gains tax regime adjustment.
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G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
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Markets Pare Losses After Budget Jitters Over Capital Gains, Trading Taxes
Indian equities pared most of the losses but still closed in red after hikes in capital gains and securities transaction taxes (STT) in the Union Budget 2024 sparked a massive sell-off earlier in the day.
-
Venice Hikes Tourist Tax In Bid To Curb Overcrowding
Venice will crack down on tourists by blocking additional days, raising prices, and enforcing harsh penalties for noncompliance.
-
Union Budget 2025-26: What Does It Offer Senior Citizens?
Union Finance Minister Nirmala Sitharaman on Friday proposed to double the limit for TDS on income interest, hike the threshold on rent and exempt withdrawals from National Savings Scheme (NSS) accounts from tax for senior citizens.
-
Russia Hikes Tourist Tax, Lifts Export Duties On Coal
A new tourist tax has come into effect across Russia on Wednesday, replacing the previous resort fee, local media on Wednesday.
-
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
-
Fuel Price Hike In Punjab After Value Added Tax Increases On Petrol, Diesel
The Punjab Cabinet on Thursday gave approval to hike value-added tax (VAT) on petrol and diesel by 61 paise a litre and 92 paise per litre, respectively.
-
New Zealand Hikes Tourist Tax By 200% To Support Economy And Conservation Efforts
New Zealand will significantly raise its International Visitor Conservation and Tourism Levy from NZ$35 to NZ$100 starting October 1st, aiming to boost economic growth and ensure tourists contribute to public services and conservation efforts.
-
UK PM Keir Starmer Signals Tax Hikes In October Budget To Rebuild Finances
UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".
-
IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
-
RBI Raises UPI Limit to Rs. 5 Lakh for Tax Payments, Introduces Delegated Payments Feature
The Reserve Bank of India (RBI) recently announced an increase in limit of Unified Payments Interface (UPI) transactions for tax payments. The decision was made as a part of RBI’s Monetary Policy announcement last week. With this, users can now transact up to Rs. 5,00,000 while settling their tax liabilities. Earlier, this limit was kept at Rs. 1...
-
Sensex, Nifty Open Lower Day After Budget Announcements
Stock market benchmarks indices Sensex and Nifty declined in early trade on Wednesday, extending their Budget day fall, after the government proposed to hike securities transaction tax on futures & options.
-
Cigarette Prices Remain Unchanged After No Tobacco Tax Hike In Budget 2024
Union Budget 2024: The price of cigarettes will remain unchanged after the government announced no hike in the existing tax rates on tobacco products in the 2024 Union Budget.
-
Budget 2024: How To Calculate Long-Term And Short-Term Capital Gains After Tax Hike
The Union Budget for 2024-25 has introduced a significant capital gains tax regime adjustment.
-
G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
-
Markets Pare Losses After Budget Jitters Over Capital Gains, Trading Taxes
Indian equities pared most of the losses but still closed in red after hikes in capital gains and securities transaction taxes (STT) in the Union Budget 2024 sparked a massive sell-off earlier in the day.
