Excise Tax News Monitoring

BUDGET 2025-26: Amid cash crunch, Senate panel proposes tax cuts, salary hikes

<p><strong>• Standing committee recommends 50pc raise in govt employees’ pay, 20pc increase in pension<br /> • Tax exemptions sought for individuals earning Rs1.2m annually</strong></p> <p>ISLAMABAD: As the …

Govt to monitor imports and curb hoarding ahead of Excise Tax Act implementation

Delhi govt mulls bringing back private liquor vends under new excise policy

Private players could make a comeback in Delhi’s liquor shops.The Delhi BJP government, which is preparing a new excise policy, is considering reintroducing private liquor shops in the Capital — just as it was in the old excise regime before 2021. The …

What happened to fish in Grand Isle surf? An explanation, and other updates for Louisiana anglers

Here’s hoping this doesn’t raise alarms like other instances like this have over the years. Fact is, there are few, if any, fish in the Grand Isle surf, not just this summer but for many summers. For years, fishing off the beach at Grand Isle was an …

The Tax Scammers, Con Men, And Thieves, Oh My! Edition

Would your advisor lie to you? getty I’ve been covering tax and financial crimes for some time now and it’s rare that those convicted of white collar crimes net significant jail time. That’s why I was surprised to see a judge hand down a 65 year prison …

Convenience retailers are concerned about excise taxes, which are affecting cigarette sales

PDI reported that 25% of c-store operators are concerned about these tax increases. | Shutterstock While cigarettes sales continue to decline, the segment is still a top seller for convenience stores, according to the 2025 Pulse of Convenience Report from …

New Excise Tax Bill Would Collect Millions for Conservation

Every year in the United States, taxes on sporting goods sales generate around $1.5 billion for conservation initiatives via the Pittman-Robertson and Dingell-Johnson acts. Together, these bills levy a 10% tax on most fishing equipment and an 11% tax on …

ACT-Wazalendo faults new levies in proposed national budget

Dar es Salaam. Opposition party ACT-Wazalendo has raised concerns over the government’s proposed budget for the 2025/26 financial year, warning that newly introduced levies will further strain the already overstretched livelihoods of ordinary …

Senate proposes 204 recommendations to NA for inclusion in federal budget

  ISLAMABAD: The Senate on Saturday proposed a comprehensive set of 204 recommendations, including several key proposals for the Public Sector Development Programme (PSDP) 2025-26, to the National Assembly for inclusion in the Finance Bill 2025. The …

Senate Proposes 204 Recommendations to National Assembly for Inclusion in Finance Bill 2025

ISLAMABAD — The Senate on Saturday presented a comprehensive set of 204 recommendations to thefor consideration in the Finance Bill 2025, including key proposals for the Public Sector Development Programme (PSDP) 2025-26. The recommendations, forwarded by …

Mauritius Unveils Budget 2025 with Focus on Growth Reforms

Steady Growth Forecast Amid Fiscal Reforms  The Ministry of Finance (MoF), Mauritius forecasts a GDP growth rate of 3.9% in FY25 (FY2024/25) as per the  recent Budget. This projection is more optimistic than the IMF growth projection, which stand at 3% …

Naira falls N2,200 against British Pound Sterling 

Recent price movements indicate that the Nigerian currency has remained in a consolidation phase in the unofficial market, fluctuating between N2,150 and N2,250/£/£ this month due to increased buying pressure on the British pound in Nigeria’s …

Businesses, others question Minnesota cannabis tribal compacts

Minneapolis, MN (MinnPost) The compacts would go well beyond benefits afforded to tribes in other cannabis states, because they would let tribal enterprises grow and sell cannabis off reservation. People interested in the recreational cannabis market who …

Senate committee recommends 50% salary hike, 20% pension increase

The Senate Standing Committee on Finance has made important budget recommendations. They suggest increasing government employees’ pensions by 20 percent, much higher than the previous 7 percent proposal. In addition, they want to raise salaries by 50 …

Essential Air Service cuts could ground flights 

By JOHN WATERS, Courier News Editor WASHINGTON, D.C. — The Trump administration's proposal for significant cuts to the Essential Air Service program, which includes Denver Air Connection flights serving the San Luis Valley Regional Airport, could …

2025 Finance Bill: Why it Matters to Kenyans & How They Can Benefit

On June 19, 2025, Parliament passed the Finance Bill 2025 after intense debate and massive public interest. But what does this mean for you, the ordinary mwananchi trying to make ends meet, build a life, raise a family, and grow a hustle? The Bill touches …

Senate leader urges transparency from CARB with gas prices set to rise 65 cents per gallon

BAKERSFIELD, Calif. (KBAK/KBFX) — Get ready to pay more money to fill your gas tank this summer. An audit and statewide petition have been ordered to address the California Air Resources Board rule, which could raise gas prices by 65 cents per gallon. …

PBM Contracts Could Expose Plan Sponsors to Fiduciary Liability

A plan sponsor’s fiduciary duty to be transparent in Pharmacy Benefit Manager contracts safeguards plan participants’ interests and mitigates the risk of litigation, regulatory penalties, and reputational harm, say Hall Benefits Law practitioners. Pharmacy …

Drivers with certain older cars face tax hike which has 'already kicked in'

Drivers driving older vehicles will be hit by Vehicle Excise Duty (VED) increases which have already kicked in. Classic cars first registered between 1985 and 2001 face higher VED charges which began on April 1. Classic cars are only exempt from VED …