Blog Posts - Consumption Tax

Gov’t to revise sales tax distribution to overcome disparity

The Japanese government plans to revise its basis for distribution of local consumption tax revenue, which is currently concentrated in urban areas, to ease disparity and enable regional governments to increase tax income, government sources said Tue...
by TaxWorldWeb on Aug 31, 2016

New taxes on ‘fatty’ food, luxury goods eyed

“Fatty” food, luxury items as well as casino and lotto winnings would be slapped taxes if the Duterte administration’s proposed tax policy reform program, which would result in a net revenue gain of P368.1 billion to the government by 2019, pro...
by TaxWorldWeb on Aug 25, 2016

New taxes have Egyptian smokers fuming

After years of work, the Egyptian Ministry of Finance has finally announced completion of the value-added tax (VAT) bill. It has been submitted to parliament and is awaiting approval. Once ratified, the new legislation will replace the General Sales...
by TaxWorldWeb on Aug 2, 2016

Mexico’s Tax on Soft Drinks Is Fattening Power-Hungry Politicians

With half of Mexico’s population technically overweight, the country is going through a serious health problem right now. It ranks second in obesity worldwide, just behind the United States, according to recent studies.
by TaxWorldWeb on Aug 2, 2016

Drinks companies to challenge ‘sugar tax’ in courts

The Irish drinks industry is gearing up to fight a proposed new ‘sugar tax’, according to the Irish Independent.
by TaxWorldWeb on Aug 2, 2016

Russia considers new cinema and TV tax

The Russian government has unveiled a possible new tax on domestic cinemas and TV channels, which would aim to provide additional funding for Russian film production.
by TaxWorldWeb on Jul 27, 2016

Decriminalising cannabis could bring in $150m a year in tax revenue – report

The government could generate $150 million a year by decriminalising and taxing cannabis, a Treasury report has revealed.
by TaxWorldWeb on Jul 19, 2016

Tax on pop could bring in more cash than additional HST on books

Provincial government briefing notes obtained by CBC News show a tax on sugary drinks could bring in a lot more than the new tax on books.
by TaxWorldWeb on Jul 6, 2016

Fatty meat tax introduced in Tonga

Tonga has instituted new taxes on foods as part of its campaign to cut non-communicable diseases.
by TaxWorldWeb on Jul 6, 2016

Energy-dense food consumption declines after Mexico’s tax

Purchases of taxed foods declined beyond pre-tax trends following Mexico’s 2014 tax on nonessential, energy-dense foods like salty snacks and frozen desserts, according to a survey-based study published as part of PLOS Medicine’s special...
by TaxWorldWeb on Jul 5, 2016

Import tax delay favours online shoppers

Online shoppers can breathe a temporary sigh of relief – the Government is holding off on lowering the threshold for collecting tax on low-value imports.
by TaxWorldWeb on Jun 30, 2016

Pay 1% tax on cash purchase of goods, services over Rs 2 lakh

Payment in cash for buying goods and services worth more than Rs 2 lakh with the exception of jewellery will attract 1% tax collected at source (TCS) from June 1.
by TaxWorldWeb on May 31, 2016

Candidate for UN health chief eyes global tax to help WHO

A French diplomat competing to be the world’s top health official says a tiny international tax can help fill the World Health Organization’s coffers, a proposal aimed at bringing order to the U.N. agency’s fragmented budget.
by TaxWorldWeb on May 18, 2016

Sugar tax to come into effect in 2018

A sugar tax that could hit drinks such as Coca-Cola, Pepsi and Red Bull will come into force from 2018.
by TaxWorldWeb on May 18, 2016

Japan’s growth strategy assumes tax hike on schedule

Japan’s annual economic growth strategy calls for measures to boost consumption on the assumption it will go ahead with a sales tax hike scheduled for next year, a draft presented at a government panel showed on Wednesday.
by TaxWorldWeb on May 18, 2016

Japan: Abe Set to Delay Next Tax Hike

Japanese Prime Minister Shinzo Abe has reportedly cancelled plans to hike the consumption tax in 2017, bowing to sluggish growth, a strong yen and a falling stockmarket. Will it be enough to save Abenomics?
by TaxWorldWeb on May 15, 2016

Sin tax revenues down in March, but beat Q1 target

Graphic health warnings on cigarettes pulled down excise tax collections on “sin” products in March, but revenues remained up to beat its first quarter target, the Bureau of Internal Revenue (BIR) reported on Wednesday.
by TaxWorldWeb on May 11, 2016

Soda Sales in Mexico Rise Despite Tax

Sales of soda are climbing two years after Mexico imposed a roughly 10% tax on sugary drinks—a bright spot for an industry that has feared it could be cast as the next tobacco.
by TaxWorldWeb on May 3, 2016

Osborne’s Living Wage adds 10p to cost of a pint: Chancellor accused of imposing ‘stealth tax’ on beer after brewer Young’s has to raise prices to pay staff

George Osborne was last night accused of imposing a ‘stealth tax’ on beer drinkers through the introduction of the National Living Wage.
by TaxWorldWeb on Apr 28, 2016

Denmark ethics council calls for tax on red meat to fight ‘ethical problem’ of climate change

Denmark is considering proposals to introduce a tax on red meat, after a government think tank came to the conclusion that “climate change is an ethical problem”.
by TaxWorldWeb on Apr 27, 2016

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