Saturday, November 9, 2024

taxes

China lifts hefty tariffs on Australian wine, ending three-year trade dispute

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China has lifted hefty tariffs on Australian wine, as announced by its Ministry of Commerce. The decision ends three years of punitive taxes that have inflicted severe damage on certain winemaking regions in Australia. After months of speculation,...

Budget 2024: Govt approves extension of export incentive scheme for apparel and garments till March 2026

News
The government on Thursday approved the extension of the RoSCTL (Rebate of State and Central Taxes and Levies) scheme for apparel, garments, and made-ups, maintaining its effectiveness until March 31, 2026. This initiative is geared towards...

Spirits industry faces slowdown as taxes soar and demand wanes

News
The spirits market experienced a deceleration in demand, dropping to 2.2% growth in the quarter concluding in September. This marks a reversal from the...

Maharashtra Govt forms committee to explore tax reduction on beer to boost sales and revenue

News
With the goal of encouraging the consumption of healthier beverages, the Maharashtra government has established a committee to evaluate the feasibility of reducing taxes...

Canada considers tax measures to restore grocery price stability, warns retailers

News
Canada's Prime Minister, Justin Trudeau, has issued a warning, indicating that taxes may be imposed if grocery retailers do not implement measures aimed at...

Indian Beverage Association urges government to exclude carbonated beverages and juice-based drinks from ‘sin taxes’

News
The Indian Beverage Association (IBA), headquartered in New Delhi, which serves as a representative body for major industry players including Coca-Cola, PepsiCo, Red Bull,...

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