Page 32 - Excise Tax News Today

Rules work differently for each class of beneficiary.

Key industry players are calling for the delay of increased taxes on alcohol and sugary drinks to support business recovery and ensure they do not undermine economic growth.

On March 9, 2023, the Treasury Department released the General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals (sometimes called the Green Book) to accompany...

In our blog post dated August 22, 2022, we discussed the one percent (1%) excise tax on certain stock repurchase transactions by certain publicly traded corporations enacted as part of...

The private sector has welcomed Government’s decision not to impose any new taxes in the 2023 Budget. However the sector is concerned about the lack of detail relating to several key measures intended to spur growth and improve efficiency in the public sector.Responding to the budgetary proposals presented by Prime Minister Mia Mottley on Tuesday, Chairman of the Private Sector Association (BPSA) Trisha Tannis said there was “unanimous support for the announcement of no new imposition of tax...

Burdensome taxation drove many Lowlands whisky producers to bankruptcy, but today the future's looking brighter for this historic Scotch region.

Prime Minister Mia Mottley on Tuesday came with a Budget that included no new or increased taxes and featured an announcement that the country’s foreign reserves are about to hit an all-time high.Very early in her four-hour presentation of the 2023 Budgetary Proposals in the House of Assembly, Mottley made it clear that despite speculation to the contrary, her Budget was about “good news” with “no new taxes” imposed and no announcements of mass layoffs in the public sector.She stressed...

Excisable goods would be added to the agency’s Tax Invoice Management System (eTIMS) to give KRA access to full trading information.

Excise duty collections for the first half of the current financial year grew at a single digit for the first time in five years.

Monrovia - The Taxpayer Services Division of the Liberia Revenue Authority (LRA) has concluded a 15-day intensive tax awareness and education campaign across five southeastern counties of Liberia.The tax awareness initiative in Sinoe, Grand Kru, Mary