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Value Added Tax (VAT) is an indirect tax levied on the value creation or addition. The concept of VAT in Nepal was introduced in FY 2049/50 but the act was developed in BS 2050. VAT was implemented in 1998 and is the major source of government revenue.
Individual income tax VAT or GST or Sales tax Capital gains tax [1] Inheritance/Estate Tax Further reading Lowest marginal rate Highest marginal rate Afghanistan: 20% [2] 0% [3] 20% [3] 0% [4] However, in Taliban run areas pre-Taliban rule, small fees were illegally added to some groceries. [5] Taxation in Afghanistan Albania: 15% [6] 0% [7] 23 ...
Value-added; Dividend; Environmental tax. ... were listed as tax havens. [29] By 2008, only Trinidad & Tobago had met ... European tax havens act as an important ...
The Jamaat al Muslimeen coup attempt was an attempt to overthrow the government of Trinidad and Tobago, instigated on Friday, 27 July 1990.Over the course of six days, Jamaat al Muslimeen, a radical extremist Islamist group, held hostages (including Prime Minister A. N. R. Robinson and other government officials) at the Red House and at the headquarters of the state-owned national television ...
The Local Stamp Act of 1869 permitted local authorities to issue their own stamps to collect certain fines or fees. In 1870, the counties of Gloucestershire, Isle of Ely and Northamptonshire introduced a common design consisting of a shield with the Union Jack, with the name of the county above it and the face value of the stamp below. The ...
However, this tax also applied to employer contributions to social security and health insurance, for an effective tax rate of about 20% on income from work up to the contribution limit. [99] In 2013, a tax of 7% was added to income from work above the contribution limit, for an effective second rate of 22%. [100]
The economy of Trinidad and Tobago is the wealthiest in the Caribbean and the third by GDP (PPP) per capita in the Americas. [17] Trinidad and Tobago is recognised as a high-income economy by the World Bank. Unlike most of the English-speaking Caribbean, the country's economy is primarily industrial, [18] with an emphasis on petroleum and ...
It was established on April 1, 2014, by the Barbados Revenue Authority Act, 2014-1 [2] as a merger between Inland Revenue and Land Tax Departments and the Value Added Tax (VAT) & Excise Divisions of the Customs and Excise Department. It has four divisions: Income Tax Division, Income Tax (Automatic Exchange of Information), Division Land ...