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Income Tax on cards for GCC countries: Oman to impose Tax on High-Income Earners soon, says IMF

The International Monetary Funds said that Oman is weighing up plans to introduce income tax on high earners in 2022 as part of the finance ministry's 2020-2024 economic scheme and efforts to reduce...

Income Tax on cards - GCC countries - Oman - High Income Earners - IMF - Taxscan
Taxscan Team

Nirmala Sitharaman attends Plenary Meeting of the International Monetary and Financial Committee of the IMF

The Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC), the ministerial-level...

Nirmala Sitharaman - International Monetary and Financial Committee - IMF - Plenary Meeting - Taxscan
Taxscan Team

Bhutan Introduces Revolutionary GST Reform

The Bhutan’s Ministry of Finance introduced GST of flat 7% that will replace all indirect taxes like sales tax, customs duty and exercise duty as per the Goods and Service Tax (GST) Bill of Bhutan...

Bhutan - GST - Tax - Taxscan
Taxscan Team

GST not Simple: IMF recommends for a Dual Rate Structure

The International Monetary Fund ( IMF ) on Tuesday suggested for a dual rate structure as the present multi-rate structure and other features could give rise to high compliance and administrative...

IMF - Taxscan
Taxscan Team

Low Revenue: India should implement GST Fully, says IMF

The International Monetary Fund ( IMF ), on Wednesday said that full and smooth implementation of Goods and Services Tax ( GST ) in India would help to avoid low revenue to the Government exchequer. ...

Low Revenue: India should implement GST Fully, says IMF
Taxscan Team

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