House passes bill on foreign residential ownershipADDIS ABABA - Ethiopia's Ministry of Finance (MoF) has unveiled a historic draft federal budget of 1.93 trillion Birr for the 2025/2026 fiscal year, ...

MATI CITY, Davao Oriental (PIA) – As the April 15 tax deadline draws near, the Bureau of Internal Revenue-Revenue District Office (BIR-RDO 114) in Mati City is again reminding taxpayers in Davao ...

THE Bureau of Internal Revenue (BIR) should stop targeting small-scale businesses and focus on running after big tax evaders and set a higher tax target to pay off the country’s debt, according ...

The Income-tax Bill, 2025, tabled in Parliament today by the Finance Minister, seeks to revamp the existing Income-tax Act of 1961 by making the tax system more streamlined and user-friendly.

Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Lok Sabha, aiming to replace the 1961 Act. Set for implementation in April 2026, it seeks to simplify and consolidate tax ...

Union Finance Minister Nirmala Sitharaman on Thursday tabled the New Income Tax Bill 2025 in Lok Sabha, which aims to simplify tax laws, modernise definitions, and provide more clarity on various ...

The Income Tax Bill, 2025 comprises 536 sections, higher than 298 sections of the current Income-Tax Act, 1961. The existing law has 14 schedules which will increase to 16 in the new legislation.

Merchants who sell products via online platforms will start paying a creditable withholding tax as the Bureau of Internal Revenue (BIR) looks to collect it by Q4 2023. In a proposal released earlier ...

The Bureau of Internal Revenue (BIR) reminds the taxpaying public that the filing of the Quarterly Income Tax Return for Individuals, Estates and Trusts (BIR Form No. 1701Q) is on or before May 15 ...