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Hungary’s bank levy will gradually decrease from 2016

BUDPEST: The government has no intention of eliminating the telecom tax, János Lázár told journalists at a press conference yesterday. It will, however, fulfill its obligations under its agreement with EBRD by reducing the bank tax in 2016 and by not forcing banks to increase lending in exchange for that reduction. In response to queries, Lázár said that in spite ... Read More »

Punjab Excise and Taxation Dept collects 336 million professional tax in six months

LAHORE: in fiscal year 2014-25 Excise and Taxation department Punjab has collected Rs 336 million as professional tax from July 2014 till now. The amount collected is two percent less than the last fiscal year 2013-14. Punjab Government has set a target of 822.529 Million Rupees for Excise to collect in the Budget of 2014-15, whereas Excise has barely collected ... Read More »

South Africa proposes tax on electrical goods

CAPE TOWN: The Department of Environmental Affairs has proposed an environmental levy or tax in South Africa on all goods which have an electrical plug. Government has proposed a levy or tax on all products that have an electrical plug, which will lead to price increases on electrical goods. This levy, said Department of Environmental Affairs spokesman Albi Modise, is ... Read More »