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, ...

The major changes made to this guide since the last edition are outlined. This guide reflects some income tax changes recently announced which, if enacted as proposed, would be effective July 1, 2025.

To pay zero tax on Rs 15.5 lakh income under the new regime, you need to reduce your taxable income to Rs 12,00,000 (Rs 12.75 lakh with standard deduction). Let's take an example where an employee's ...

Refund Delays and Grievance Redressal Under Scrutiny A key agenda item will be the delays in processing refunds, particularly those pending under Section 143 (1) due to non-processing of returns. The ...

The National Payments Corporation of India (NPCI) has launched a new facility to streamline Permanent Account Number (PAN) and bank account validation on the income tax e-filing website. This aims to ...

The major changes made to this guide since the last edition are outlined. This guide reflects some income tax changes recently announced which, if enacted as proposed, would be effective July 1, 2025.

Inland Revenue announced it had extended the deadline for submission of 2024 tax returns until September 30. Initially the deadline was July 31. The new deadline was approved by the cabinet. The ...

Tax filing season begins for the financial year 2024-25, and the assessment year 2025-26 has officially commenced, with salaried employees in India having received their Form 16 documentation. There ...

Lumagui noted the biggest challenges remain the same: how to plug revenue losses due to tax-shaving and other tax evading schemes. Thus, the BIR’s tax-hunting must evolve.

Treasurer Jim Chalmers has announced his ambition for economic and tax reform, and while he remains tight lipped about what’s on the table, he has ruled out two key changes.

However, if one spouse claims REPS, you can deduct $150,000 from your $250,0000 income, meaning you'll only be taxed on $100,000, which can result in a significant difference in tax liability.

Experts are questioning if Jim Chalmer’s tax round-table will do anything meaningful as experts hope for the first significant tax reform since the GST was introduced. Australian Financial Review ...