A sales tax would be easier to implement than the current gross receipts tax system, according to Marie P. Lizama, the new nominee for director of the Department of Revenue and Taxation.

Employers enrolled in GRAP receive a 50% tax credit on eligible training costs applied toward their gross receipts tax liability. “This forum is an answer to those businesses that are facing ...

Surging income and business tax receipts will leave Connecticut with its second-largest surplus in state history, analysts reported Wednesday, even as officials remained divided whether to use any ...

There is an exemption for small businesses with less than $500,000 in gross receipts a year. Carina Moreno opposed the tax measure and said she will have to raise prices at her restaurant ...

India's gross direct tax collections surged 15.6% to exceed Rs 27 lakh crore in the last fiscal year, driven by increases in both income tax and corporation tax. Net direct tax collection aligned ...

The BIRT includes two separate taxes. Companies must pay 5.81% of their net income or profits, and they must also pay 0.1415% of their gross receipts or total revenue, even if they made no profits ...

Exactly how much are you being charged in taxes for the product or service you're paying for? A line item on the sales receipt that specifies how much will be a requirement under Bill 59-38 ...

Inheritance tax receipts reached another record high in the last tax year, as frozen thresholds dragged more people into the net. The latest HMRC figures show IHT receipts from April 2024 to M ...

GROSS RECEIPTS TAX HIKE IS MAKING ITS WAY THROUGH CITY COUNCIL AND COULD LAND ON THIS NOVEMBER’S BALLOT. A TARGET SEVEN INVESTIGATION LOOKS INTO WHO COULD BE AFFECTED MOST AND BY HOW MUCH.

Alex Ranahan at FSL comments on the HMRC tax receipt data. The total receipts for the year to March 2025 were £857bn, up from £828bn in 2023-24. There are some interesting underlying trends in the ...

The government collected record receipts from insurance premium tax and inheritance tax in the last year, according to the latest HMRC update. Its figures show the IPT tax receipts stood at £8.88bn ...

Proposed legislation to close a loophole relating to the collection of gross receipts taxes on disaster recovery projects breezed through the Committee on Economic Development and Agriculture last ...