US and Turkey agree to end digital services tax

US and Turkey agree to end digital services tax

The United States and Turkey have agreed to terms for withdrawal of Turkey’s digital services tax that largely targeted highly profitable U.S. technology giants and will transition to a new global taxation agreement in 2023,…

Read More
Inflation Rate

Inflation Rate

What is Inflation? Inflation is an increase in the general price level of goods and services. When there is inflation in an economy, the value of money decreases because a given amount will buy fewer goods…

Read More
Petrol Prices Worldwide Comparison in Pak Rupees

Petrol Prices Worldwide Comparison in Pak Rupees

The average price of petrol worldwide is 206.27 Pakistan Rupee per liter. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and…

Read More
Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax terms explained in a plain and simple way. We have put together many of the most…

Read More
FBR withdraws all appeals in exemption on foreign remittances

FBR withdraws all appeals in exemption on foreign remittances

Federal Board of Revenue (FBR) has withdrawn all the appeals pertaining to income tax exemption on inward foreign remittances. In order to implement the decision the revenue body issued, Circular No. 05, Dated: 30th August 2021…

Read More
Tax Deadline 2021 for World Corporate Income Taxes

Tax Deadline 2021 for World Corporate Income Taxes

Here, Tax deadlines for 2021, Income Tax Due dates or Tax Calendar is given for Individuals, Association of Persons (AOPs) and Company (Corporate Sector) of Pakistan and for World Corporate Income Tax deadlines for all…

Read More
Digital Tax Increased Ad Rates by Google

Digital Tax Increased Ad Rates by Google

Google has told users it will increase advertising rates on its French and Spanish platforms by 2% from May to help eliminate the effects of the digital tax on profits. France has collected taxes from…

Read More
Inheritance and gift tax rates around the world

Inheritance and gift tax rates around the world

This is the list of countries by inheritance tax rates and tax rates on the amount of gift. Inheritance tax is also termed as estate tax in some countries. Inheritance tax is normally charged to the…

Read More
Highest Statutory Corporate Income Tax Rates in the World, 2019

Highest Statutory Corporate Income Tax Rates in the World, 2019

Country Name Continent Name Tax Rate United Arab Emirates* Asia 55% Comoros Africa 50% Puerto Rico North America 37.5% Suriname South America 36% Chad Africa 35% Democratic Republic of the Congo Africa 35% Equatorial Guinea…

Read More