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,…

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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…

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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…

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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…

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FBR issued list of identified Tier1 nonintegrated retailers

FBR issued list of identified Tier1 nonintegrated retailers

The Federal Board of Revenue (FBR) has advised Tier-1 Retailers to integrate their systems with the revenue authority, failing which they would be denied credit for input tax equal to 60 per cent, claimed in…

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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…

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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…

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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…

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Top tax havens around the world

Top tax havens around the world

The top tax havens are island countries such as the British Virgin Islands, Samoa and Malta. Tax shelters are places where rich people keep money in foreign accounts for a different reasons, including tax evasion…

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