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The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
In view of uncertainty due to the COVID-19 pandemic, the GST increase [14] will be deferred to after year 2022, with a S$6 billion Assurance Package proposed in 2020 to cushion the impact when the hike kicks in. The GST increase is later deferred again, with the increase taking place in two stages, 8% on 1 January 2023 and 9% on 1 January 2024.
In the 2023 Active Taxpayers List, the FBR recorded 3.35 million taxpayers (filing returns or settling fees by February 29, 2024), down from 5.73 million in 2022, amid ongoing tax collection and compliance improvements. [25] As of February 25, 2025, the number of active taxpayers reached 6,386,166. [26]
The newly elected McGowan government in WA had been relying upon a GST payment of 38 cents to the dollar to help return the state budget to surplus by 2019–20 financial year. Although 34 cents in the dollar was an improvement on the 2016–17 rate of approximately 30 cents in the dollar, the reduction left the state with $241 million less ...
The use of demonetised banknotes was allowed for the payment of municipal and local civic body taxes, leading to a jump in their revenue collections. For example, the Greater Hyderabad Municipal Corporation reported collecting about ₹1.6 billion in cash payments of outstanding and advance taxes within the first four days of demonetisation. [91]
Mulroney's tenure as prime minister was marked by the introduction of major economic reforms, such as the Canada–United States Free Trade Agreement, the goods and services tax (GST) that was created to replace the manufacturers' sales tax, and the privatization of 23 of 61 Crown corporations including Air Canada and Petro-Canada.
The taxes raised would be in the form of the GST, which is expected to rise from 7% to 9% by 2025. Lee's government said that it was necessary to plan ahead for increasing annual recurrent expenses, with Heng Swee Keat saying that the "hike cannot be put off or scrapped" to pay for critical future needs, especially in the healthcare sector.