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Tax

Tax latest

German Volkswagen sues India over $1.4B tax bill
February 2nd, 2025 - 09:43 GMT
Reema Tuqan

Reema Tuqan

German Volkswagen sues India over $1.4B tax bill

ALBAWABA – Volkswagen, the German multinational conglomerate known for manufacturing passenger and commercial vehicles, motorcycles, engines, and turbomachinery, has announced that it is suing India over a $1.4 billion tax bill. Volkswagen sues India The German automaker has announced it is suing Indian authorities over a $1.4 billion tax bill, according to Reuters. Volkswagen claims that these tax regulations contradict New Delhi's import taxation rules and will significantly affect the ...
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No matter what, all business income must be reported.
October 23rd, 2019 - 11:30 GMT

How to Solve Tax Problems in Your Business

The 2019 growth rate falls within the government's annual goal of between 6 and 6.5 per cent
October 23rd, 2019 - 09:30 GMT

China’s Economy Increase 6 Percent, Slowest Growth Since 1992

There were also suggestions that the new shisha tax could be a measure to protect public health.
October 22nd, 2019 - 01:00 GMT

Saudi Arabia’s New 100 Percent Shisha Tax Sparks Criticism on Social Media

(Shutterstock/ File Photo)
October 22nd, 2019 - 07:03 GMT

On Social Media: Saudis Enraged Over New 100% Shisha Tax

The country's budget revenues rose 19.5% to hit $116.1 billion year-on-year in Jan.-Sept.
October 16th, 2019 - 08:30 GMT

Turkey’s Budget Posts $15.3 Billion Deficit Within 9 Months

IMF forecast Egypt’s current account deficit would widen to 2.8% of GDP this fiscal year.
October 16th, 2019 - 06:00 GMT

IMF: Egypt’s Economy to Grow 5.9 Percent In Year to End of June

The UAE was removed because it rushed through reforms, the EU said, giving it a clean-sheet on its tax practices.
October 12th, 2019 - 11:00 GMT

EU Announce the Removal of UAE From TAX-Haven List

Israel calls the stipends a "pay for slay" policy and says it encourages violence.
October 6th, 2019 - 10:00 GMT

Palestine to Resume Taking Israeli Collected Tax Revenues

Thomas Cook France, which employs 780 people, had already declared insolvency last week in the wake of its parent company's bankruptcy.
October 3rd, 2019 - 12:00 GMT

UK Investigates Thomas Cook Auditors as Foreign Branches Collapse

Oman’s total revenue in 2018 equalled OMR10.949 billion in 2018, while the total expenditure - how much the state has spent during the year - totalled OMR 13.599 billion.
September 23rd, 2019 - 11:46 GMT

Corporate Income Tax Collection Soars in Oman

Lebanon’s GDP is estimated at $60 billion, and the tax rate on profits is at least 10 percent among individuals, institutions and companies
September 16th, 2019 - 06:00 GMT

Lebanon Pushed by French Pressure to End Tax Evasio

Federal Tax Authority
September 10th, 2019 - 09:54 GMT

Federal Tax Authority Reaffirms: ‘Refunding Tax for Eligible Applicants a Direct Transaction Between Registrants and the FTA’

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