Pakistan's local dispatches hit by tax measures
Pakistan's cement industry is still facing number of challenges in terms of local dispatches and profitability due to stringent tax measures taken in the federal budget 2019-20 ...
Tax
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New tax bill proposed for cement sales in Costa Rican province
Oscar Cascante, a deputy of Costa Rica’s PUSC party, is reportedly pushing for legislation that will see a five per cent sales tax on Cementos Fortaleza, a relatively new player...
Cement dealers not picking cement from factories
The protest of All Pakistan Cement Distributors Association (APCDA) has entered in its fourth day and quantity of dispatches from factories are fast receding and may cause short...
Cement distributors not happy with proposed tax measures
All Pakistan Cement Distribution Association (APCDA) has shown some reservations on the proposed tax measures in the Federal Budget 2019–20 (effective from 1 July 2019) and appe...
CCJ rules in favour of reducing tax on imported hydraulic cement
The Caribbean Court of Justice (CCJ) has ruled that the regional tax, known as the Common External Tariff (CET), payable on cement categorised as ‘other hydraulic cement’ should...
Armenia to increase cement import levy
Armenia’s government is taking measures to protect domestic cement producers from competition by cement producers in neighbouring countries. The state policy of subsidising the ...
India's GST council may cut tax on cement
India's Goods and Service Tax (GST) council may consider moving construction items, such as cement, out of its highest tax band of 28 per cent in its meeting next week, accordin...
Eagle Cement sees PHP350m in savings
Eagle Cement Corp expects to generate some PHP530m in savings from the three-year income tax holiday granted by the government for the company’s recently-completed third product...
The CMA calls on the government to lower tax on cement
India's Cement Manufacturers' Association (CMA) has argued that cement should be brought under the lowest Goods and Services Tax (GST) slab. It currently attracts 28 per cent, t...
Inchini Bedrock Cement is investigated for tax evasion
Ethiopia-based cement producer, Inchini Bedrock Cement Plc, is being investigated by the Office of the Attorney General for alleged tax evasion of ETB133m (US$4.8m) over the spa...