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Additional taxes are also added to the car purchase price depending on the market value of the car when it was imported. [26] This has resulted in Singapore being the most expensive place in the world to own a car, [ 27 ] [ 28 ] and has resulted in car ownership rates dropping to about 33% in 2023, a decrease from 40% in 2013.
The Goods and Services Tax is a value-added tax of 15% on most goods and services sold in New Zealand. It was introduced by the Fourth Labour Government on 1 October 1986 at a rate of 10%. This was increased to 12.5% on 1 July 1989 and 15% on 1 October 2010.
If the $10 fee were considered, the monthly interest increases by 10% ($10/$100), and the effective APR becomes approximately 435% (1.15 12 = 5.3503, which equals a 435% increase). Hence there are at least two possible "effective APRs": 80% and 435%. Laws vary as to whether fees must be included in APR calculations.
Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts. It is hoped that crediting subsidies into bank accounts will ...
To the south lay Sindh and Rajputana, while on the east the rivers Jumna and Tons separated it from the United Provinces. [2] In total Punjab had an area of approximately 357 000 km square about the same size as modern day Germany, being one of the largest provinces of the British Raj.
[13] [14] [15] This tax was repealed and replaced by another income tax in 1862. [16] [17] It was only in 1894 that the first peacetime income tax was passed through the Wilson-Gorman tariff. The rate was 2% on income over $4000 (equivalent to $126,000 in 2023), which meant fewer than 10% of households would pay any.
Amritsar is the second-largest city and district of Punjab. It is also one of the fastest-growing cities of Punjab. [citation needed] In the mid-1980s the city was famous for its textile industry. Amritsar's trade and industry faced a blow during militancy period in 1980s, but there are still many textile mills, knitting units and embroidery ...
Because of Mongol invasions, Lahore region became a city on a frontier, with the region's administrative centre shifted south to Dipalpur. [49] The Mongols again invaded northern Punjab in 1298, though their advance was eventually stopped by Ulugh Khan, brother of Sultan Alauddin Khalji of Delhi. [63] The Mongols again attacked Lahore in 1305. [66]