Blog Posts - Tax Revenue



DOF bucks bid to raise tax exemptions

The Department of Finance said the government stands to lose as much as P61.7 billion in revenues if Congress approves measures seeking to raise the tax exemption ceiling on the 13-month bonus and other benefits of public and private sector workers.
by TaxWorldWeb on Feb 20, 2014

Croatia has reached tax maximum

Croatia collects more taxes than allowed by its tax capacity which is why there is no more room for a further increase of tax rates and introduction of new taxes. Instead of that, attempts at fiscal consolidation should be directed at increasing the...
by TaxWorldWeb on Feb 16, 2014

Iran’s 10-month direct tax income grows 30%

TEHRAN – Iran’s direct tax income in the first ten months of the current Iranian calendar year, which began on March 21, rose 30 percent compared to the same period in the previous year, according to Iran’s Tax Affairs Organization Director...
by TaxWorldWeb on Feb 2, 2014

News about Government Records issue #1

Government Records 16% Tax Revenue Increase in 2013 – The Cambodia Daily (subscription) – cambodiadaily.com 01/13/2014 Government Records 16% Tax Revenue Increase in 2013The Cambodia Daily (subscription)The government generated almost $88...

Ireland Tax Points to Recovery

DUBLIN—Ireland’s tax revenue rose 3.2% in 2013 from the previous year, providing evidence that the Irish economy is on the mend following the country’s exit from its three-year international bailout, Finance Minister Michael Noonan said...
by TaxWorldWeb on Jan 3, 2014

Tax revenues worldwide recover from recession

Tax revenue worldwide is still bouncing back from the low levels of 2008-09, the height of the recession, a non-profit group in France says.
by TaxWorldWeb on Dec 30, 2013

Net direct tax collections up 14%

Net direct tax collections from April to 20 December were up 13.7 per cent at Rs.4.13 lakh crore, according to an official release. Of which, corporate tax collections were Rs.2.61 lakh crore or 10.2 per cent higher than in the same period last year.
by TaxWorldWeb on Dec 21, 2013

Tax Revenues Grow in OECD

PARIS – Government revenues across the world are showing signs of a steady recovery following the economic shocks in 2008 and 2007, although the current tax take is still below the levels seen before the financial crisis.
by TaxWorldWeb on Dec 18, 2013

Tax Revenues Grow in OECD

Government revenues across the world are showing signs of a steady recovery following the economic shocks in 2008 and 2007, although the current tax take is still below the levels seen before the financial crisis.
by TaxWorldWeb on Dec 17, 2013

Brazil Tax Receipts Up 11% In November To BRL112.52 Billion

Brazil’s federal tax revenues rose sharply in November from the previous month amid strong back tax collection, helping reinforce the government’s effort to meet its year end budget surplus goals.
by TaxWorldWeb on Dec 16, 2013

90% of DR Congo’s logging revenues lost to tax avoidance in 2012

The vast majority of logging revenues in the Democratic Republic of Congo (DRC) were lost to tax avoidance and other illegal financial arrangements in 2012, an investigation by Global Witness revealed today. The findings show that in 2012 the Treasur...
by TaxWorldWeb on Oct 30, 2013

Iran’s 6-month direct tax revenues up 34%

TEHRAN – Iran’s direct tax revenues in the first six months of the current Iranian calendar year, which began on March 21, rose by 34 percent compared to the same period in the previous year, IRNA reported on Wednesday.
by TaxWorldWeb on Oct 9, 2013

Where does it go?

  I want to know where taxes I pay goes and what they are actually used for? Most of have no clue if the taxes that are added on goods and services are actually used for the intended purpose they were originally for. This sounds a little vague I...
by Possum Quarter on Sep 14, 2013

German tax revenues rise 1.9 percent on the year in July

Germany’s tax take jumped by 1.9 percent on the year in July to 44 billion euros, finance ministry data showed on Thursday, highlighting sound government finances in Europe’s largest economy less than five weeks before a federal vote.
by TaxWorldWeb on Aug 22, 2013

Softer Puerto Rico revenues feed worries on tax forecasts

Puerto Rico’s government weathered a nearly 2 percent drop in revenue to $8.5 billion during fiscal 2013, reflecting sustained weaknesses in income tax collections softened by the Caribbean island’s ailing economy.
by TaxWorldWeb on Aug 21, 2013

Argentina’s Tax Revenue Hits Record High in July

Argentina’s tax revenue hit a record high in July as the country collected a historic amount of money from social security and consumption taxes.
by TaxWorldWeb on Aug 1, 2013

Japan Tax Revenue in 2012 was a 4 Year High

Japan’s tax revenue for fiscal 2012 totaled 43.93 trillion yen ($440.7 billion), the highest since fiscal 2008 when the global financial crisis started to weigh on the country’s economy, the Finance Ministry said Wednesday.
by TaxWorldWeb on Jul 4, 2013

Indonesia Tax Revenue Increased 9% until Feb13

Indonesia Tax revenue increased 9% until February 2013The realization of government tax revenue until end-Feb13 increased 9% yoy to Rp117tn and equivalent with 11.3% of its planned revenue of Rp1,042tn this year.The biggest share came from income tax...
by Indonesia Market Summaries on Mar 21, 2013

Greece Faces Further Revenue Losses

ATHENS – Greece is running the risk of jeopardising its debt repayment commitments and loan agreements with the EU as tax revenues in the country continue to shrink and reach perilously low levels.
by TaxWorldWeb on Feb 8, 2013

As We Creep Closer To The Debt Ceiling Limit, Is Your Tax Refund At Risk? -

Every one of us has had that moment when we've had to shuffle the cards a bit to make sure all of the bills get paid. That’s exactly the situation our country is finding itself in right now. And what’s in the stack of “to pay later”...
by Security Tax Services on Jan 21, 2013


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