COGNICURRENT

The Brazilian government has decided not to proceed with an increase in the import tax on 15 IT and telecommunications items following political backlash.

Ecuador's Minister of Production highlights that Colombia will bear the brunt of a tax increase on imports from 30% to 50% unless it enhances border control.

President Lula's administration is facing internal conflicts and declining approval ratings as it grapples with a new tax on electronics and rising pressure from political opponents.

The Norwegian finance minister announced an increase in the threshold for what is considered an expensive home as part of a new housing tax policy.

A Kokoomus party representative criticizes Sdp's approach to economic adjustment through tax increases, labeling it unrealistic.

The Kelowna business community strongly opposes a proposed expansion of the provincial sales tax (PST) in British Columbia that would increase operational costs for local businesses.

Transcorp, a Nigerian conglomerate, reported a 44% increase in its Profit After Tax for FY 2025, reaching N135.9 billion, alongside significant growth in revenue and total assets.

The Brazilian government's increase in import tariffs will generate between R$ 14 billion and R$ 20 billion in revenue starting March 1.

Piret Kuusk, a pensioner in Tartu, faces a tenfold increase in land tax on her father's house.

Ecuador will increase its security tax on imports from Colombia, leading to a significant reduction in vehicle movement at the Rumichaca border.

A proposed abolition of the property value tax on homes valued at one million kroner could lead to an increase in disposable income for some homeowners in Denmark.

If Prime Minister Mette Frederiksen's election promise is realized, many owners of inexpensive houses will see a notable increase in their daily finances due to the abolition of property value tax for homes valued at 1 million kroner.

Ecuador announced an increase in the import tax on Colombian goods from 30% to 50%, citing security concerns along the border as the main reason for this decision.

UK workers are advised to take immediate action regarding a potential tax bill of £641 on their savings interest following new HMRC data indicating a significant increase in those affected.

State pensioners in the UK are advised to be vigilant about potential new tax liabilities as pension payments are set to increase in April.

Brazil's Finance Minister Fernando Haddad claims that raising import taxes is regulatory and won't significantly affect prices, aiming to strengthen local industries against foreign competition.

Brazil's Finance Minister Fernando Haddad advocates for an increase in taxes on over a thousand imported products, including smartphones, to protect domestic production.

Catalonia's parliament has approved an increase in the tourist tax for accommodations, set to take effect on April 1, with the most significant changes for the city of Barcelona.

Poland has implemented a new 30% tax rate on banks, expected to significantly increase state budget revenues, with gradual reductions planned for future years.

Civil society groups in South Africa are advocating for an increase in the Health Promotion Levy on sugary drinks from 11% to 20% in the upcoming budget speech.

Brazil's federal revenue reached a record R$ 325.7 billion in January, marking a real increase of 3.56% compared to the same month last year.

Greek Prime Minister Kyriakos Mitsotakis announced that a new increase in the minimum wage is expected at the end of March, with decisions to be made by the Cabinet during that time.

Czech municipalities are set to increase property taxes affecting both companies and private property owners, including cottage owners.

Small businesses in the Moscow area struggle with increased taxes and economic pressures as the war in Ukraine continues and essential revenues decline.

The implementation of the 'law of tax innocence' in Argentina has led to a significant increase in the minimum punishable amounts for tax crimes, resulting in the closure of numerous legal cases.

In March, Italian pensioners will see an increase in their paychecks due to a combination of measures from the Budget Law, including cuts to the Irpef tax, annual revaluation, and social benefits increases.

New York Mayor Zahran Mamdani is considering a controversial property tax increase to fund his budget amid a significant financial shortfall.

New York City Mayor Zohran Mamdani advocates for affordable housing and criticizes ICE's actions during criticism of his proposed property tax increase.

U.S. President Donald Trump announced an increase in the import tax from 10% to 15%, citing a Supreme Court ruling as a reason for this decision.

France is calling for a united EU response to President Trump's new global tax on imports, which is set to increase from 10% to 15%.

A petition aims to increase the UK's personal tax allowance from £12,570 to £20,000, with only a week left to gather required signatures for a Parliamentary debate.

The US Supreme Court has overturned a significant part of Trump’s tariff policies, prompting Trump to announce a new 10% surcharge.

Trump has announced a 'global tariff' of 10% following the Supreme Court's decision to overturn a previous tariff increase, which significantly lowers the tax rate for Brazil.

March pensions for many Italian contributors are set to increase due to a double raise related to tax cuts and social allowances, along with back payments for previous months.

Car importers in Lithuania face a significant increase in vehicle utilization fees starting this year, expected to raise costs for consumers.

The Netherlands is set to implement a significant tax increase on stock market earnings starting January 2028, potentially deterring investors.

Seoul's apartment price growth has decelerated for three consecutive weeks as 'tax-saving properties' increase ahead of a tax reimposition for multiple homeowners in May.

A new garbage tax in Spain has led to a historic 17.4% increase in waste collection costs, marking the largest annual rise on record as households are now required to pay the actual cost of waste management.

British Columbia business owners are expressing concerns over impending Provincial Sales Tax (PST) changes that will increase their operational costs.

The city of Fukagawa, known for its rice production, is expecting a 12% increase in citizen tax revenue due to rising rice prices that have improved farmers' incomes.

Martin Lewis explains how married couples can increase their tax-free Personal Allowance through HMRC's Marriage Tax Allowance.

Latvian startups are experiencing growth and contributing increasingly more to the economy, with an increase in revenue, employment, and tax contributions.

Zoran Mamdani, New York City's first socialist and Muslim mayor, is grappling with significant financial challenges early in his tenure.

New York Mayor Zohran Mamdani is warning of a potential 9.5% increase in property taxes if the state's governor does not agree to raise taxes on wealthier individuals.

New York Mayor Zohran Mamdani has proposed budget measures that could either raise taxes on the wealthy or result in a significant property tax increase for residents and businesses.

New York City faces a projected deficit of $5.4 billion over the next two years, prompting Mayor Zohran Mamdani to propose a drastic 9.5% increase in property taxes as a last resort.

Hundreds marched to Parliament in South Africa to demand an increase in alcohol taxes as a measure to curb violence in their communities.

During the Lunar New Year holiday, apartment listings in Seoul increased by nearly 4%, suggesting a surge in sales as the government reinstates capital gains tax on multiple homeowners.

Ebba Myhrman and her partner Isac Wadsten have capitalized on a tax increase for home renovations, boosting the construction sector while undertaking their own renovation projects.

The article clarifies misconceptions surrounding Nigeria's new tax laws, emphasizing that they provide relief for low-income earners rather than increase their tax burden.