The Colombian tax framework establishes taxes at departmental and municipal range. It is however, highly volatile with inconsistent tax reform. Figure 3 shows the fluctuation of the corporate tax rate in Colombia in the past decade. All foreign non-resident entities are required to pay taxes…
Income Tax Essay Examples and Topics
There is a tremendous shift in U.S.-Canadian cross-border tax affairs, owing to the recent enactment of the U.S. tax reform – the initial wave having come into effect on January 1, 2018. This move represented a complete renovation of the taxation system. One of the…
Innovation in the System of Taxation: Goods and Services Tax and Changes It Brought
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It all started with a Facebook post by Union Minister Arun Jaitley on 27th July 2018 where he termed the pre-GST indirect tax regime, during which most of the household items attracted a levy of 31%, as “Congress Legacy Tax”. Further, he added that the…
The participants were asked to give their views about the fairness of the recent business income tax systems of the Oromia regional government. The rational for conducted this interviews was to explore the disparity between the perception of the business income taxpayers and tax officers…
Section 13 (1)(b) of Income Tax Act (ITA) 1967 explains about benefits that cannot convert into money, even though it has the monetary value that provided to the employee by or on behalf of the employer. It is not in term of cash, but it…