tax revenue News

India's GST Revenue Hits Record Rs 1.96 Lakh Crore in July 2025, Marking a 7.5% Year-on-Year Growth

India's GST collection in July 2025 rose by 7.5% year-on-year to Rs 1.96 lakh crore, driven by higher domestic revenues and a 9.5% increase in import taxes. Net GST revenue grew by...

South Korea's National Tax Revenue Soars by 21.5 Trillion Won in First Half, Signaling Economic Growth

South Korea's national tax revenue increased by 21.5 trillion won in the first half of the year, reaching 190 trillion won, driven by higher corporate and income taxes. This growth...

South Korea's Fiscal Deficit Soars to 61.3 Trillion Won in Q1, Marking the Second-Highest in History

South Korea's fiscal deficit hit 61.3 trillion won in Q1, the second-highest on record, with tax revenues up but expenditures slightly down. The managed fiscal balance and central ...

South Korea's March Tax Revenue Surges by 5.5 Trillion Won: A Deep Dive into Corporate Tax Contributions

South Korea's tax revenue in March increased by 5.5 trillion won year-over-year, driven by corporate tax growth. Despite positive trends, mandatory interim payments for large compa...

India's Fiscal Deficit Nears 85.8% of Revised Estimate by February, Signaling Tight Fiscal Control

India's fiscal deficit reached 85.8% of the revised estimate by February, showing improvement over the previous year due to controlled spending. Analysts remain optimistic about me...

Vietnam Nets $341M from Foreign Suppliers in 2024, Marking a 26% Tax Revenue Surge

Vietnam achieved a significant milestone by collecting $341M in taxes from foreign suppliers in 2024, marking a 26% increase. Despite challenges in cross-border e-commerce tax mana...