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Russia has raised its wheat export tax by 41%, from 1,328.30 rubles to 1,872 rubles ($333) per metric ton, effective October 16, 2024. This change comes as the Agriculture Ministry held a private meeting with major exporters to discuss this year’s sales. The tax hike reflects higher prices for Russian wheat in Saudi Arabia’s recent […]
While many feel that demand for electric vehicles (EVs) in India is tapering off, Mercedes India CEO Santosh Iyer believes it is not right to draw conclusions just yet. Speaking to Autocar India on the sidelines of the new E-Class launch, Iyer said, “Everybody looks at sales numbers and says demand has gone. But demand […]
High levels of tax evasion are considered one of the main reasons Indonesia only collects just over 10% of Gross Domestic Product (GDP) in taxes, around half of the regional average. However, to date, it has been challenging to accurately estimate the pervasiveness of tax evasion and identify the types of taxpayers more likely to […]
ATHENS: Greece outlined measures to boost its lagging birthrate on Thursday, from vouchers and childcare benefits to tax breaks for new parents, although experts questioned the plan’s effectiveness. Greece has one of Europe’s lowest fertility rates, a dire demographic state driven by a decade-long economic crisis, emigration and changed attitudes among the young. The prime minister has […]
The App Store is designed to make it easy to sell your digital goods and services globally, with support for 44 currencies across 175 storefronts. From time to time, we may need to adjust prices or your proceeds due to changes in tax regulations or foreign exchange rates. These adjustments are made using publicly available exchange […]
In the past, sellers were responsible for managing and fulfilling their own tax obligations. However, more and more jurisdictions are now requiring marketplaces such as Etsy to collect the tax from buyers and remit the tax to the relevant authorities. Etsy now plays an active role in collecting tax from buyers and remitting it all […]