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Income tax
The new amendments to the Charities Income Tax Act 1961: what does it mean for the common man?
Form 10BD and 10BE to take advantage of the Section 80G tax deduction as the May 31, 2022 deadline approaches.
In accordance with the application of amendments to the Income Tax Act 1961, from the financial year 21-22, the method of…
India Guidelines for Full Review of Tax Returns for FY 2022-23
We note the parameters and related procedures for the mandatory review of tax returns for the financial year 2022-23 as issued by India's supreme direct tax authority, the CBDT. Mandatory screening for a full examination of tax returns is…
Louisiana State Income Tax Filing Deadline is Monday | app
BATON ROUGE, La. (AP) — The Louisiana Department of Revenue is reminding people that the state income tax…
Reduction of the demand for telecommunications in the withholding tax on income
KARACHI: The telecommunications industry, in its 2022-23 budget proposal, asked the government to restore the withholding tax on income to 10%, a level where it was before the introduction of a bill additional finance earlier this…
Bloomington City Council approves countywide income tax hike
the Bloomington City Council unanimously approved a county-wide income tax hike – albeit slightly lower than what Mayor John Hamilton had proposed.Council members' vote on Wednesday raised local income tax by 0.69 percentage points, about a…
Starmer hints at an income tax hike as he refuses to rule out a 45p rate hike if he becomes PM
Keir Starmer hints at an income tax hike as he refuses to rule out a 45p rate hike if he becomes PMUnion leader keeps options open, including higher tax rateAs millions head out to vote, Starmer says he wants a 'fair tax…
CBDT notifies the ITR-U form for the filing of the updated declaration
By Rasheela Basher - May 1, 2022 12:21 pm
The Central Board of Direct Taxes (CBDT) has notified the Form-ITR-U for the filing of the updated declaration.The tax return to be furnished by any person eligible to file such a return…
Madison school voters will decide on an income tax hike
It's been 21 years since Madison schools saw residents approve a new school income tax for day-to-day school operations and it's too long, he said.The 1,600-student Madison Schools, which has a single K-12 campus, is the "centerpiece" of…
💸 Income Tax Refund + OBJ House + Boxer Sentence Commutation
Can Ohio afford to give you back your income tax money? You must have plenty of cheddar, $3.3 million to be exact, to afford the old Odell Beckham Jr. digs in northeast Ohio. These are just two of our titles to watch today. ☔ Weather: A…
How did the 1857 revolt sow the seeds of income tax law in India? All you need to know
New Delhi | Manich Mishra: If you are employed and your income is more than Rs 2.50 lakh, you have to pay income tax to the government. Do you know that income tax is linked to the 1857 revolt against British rule? You will be surprised…
Income tax hurdle now stands in the way of high-speed train project
Riddled with ongoing delays, the prestigious high-speed rail project faces another hurdle: income tax. The Japanese side, which is a partner in the project, has warned of "inevitable delays" if its multiple petitions seeking exemption from…
WV could earn 335 million a year from billionaires’ income tax / Public News Service
State advocacy groups say West Virginia stands to gain from taxing billionaires. The Biden administration's "Billionaire Minimum Income Tax" would ensure that U.S. households worth more than $100 million pay…
Guy Stenhouse: There’s an easy way to reduce Scottish income tax while increasing the amount…
ONE of the words that you are not allowed to consider as anything other than a good thing is "Progressive".
Progressive social policies like trans rights simply shouldn't be questioned - you have to agree that they…
County closes in on income tax cut deal
April 17 - CUMBERLAND - Allegany County officials announced Thursday that they are closing in on an agreement on income tax rate reduction plans.The Allegany County Board of Commissioners discussed a rate reduction, sometimes called a…
What drove the growth in income tax collections during the pandemic year
NEW DELHI: India's total tax revenue in the fiscal year ending March 31 reached approximately ₹27.17 trillion, exceeding revised estimates for that year presented in the February 1 budget of ₹3.1 trillion. Overall…
State income tax rejected by task force
By Charles H. Featherstone
Herald of the Columbia Basin
OLYMPIA — Washington residents won't pay state…
Implement an electronic tax system to replace income tax
Have fun for now that the government has funded a feasibility study to automate the tax system by essentially moving from an income tax based system to a cash flow system of unilateral electronic collection a 5% tax on all cash withdrawals…
No income tax? No thanks.
When I moved to Connecticut in 1986, my new boss assured me that while I wouldn't get rich on my paycheck, the state didn't have a personal income tax, so that meant a little extra money in my pocket.I thought I had heard her wrong. I was…
New income tax rules for GPF from April 1, 2022 to know
New tax rules for GPF: After the start of the new fiscal year 2022-23, various income tax standards announced in the union budget 2022 are now applicable. It is therefore important for a taxpayer to be aware of the new changes…
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Minimum tax: How would Biden’s ‘billionaire minimum income tax’ work?
President Biden said on Monday that he wanted to introduce a new tax levied on America's richest families The idea is to ensure that the wealthiest Americans "pay their fair share", he said - an issue that has become all the more…
Everything you need to know about Income Tax Service Notices
The Income Tax Department sends notices to certain assessees and asks them to respond. Abhishek Murali, President of the Indian Taxpayers Association (AITPA), decodes everything you need to know about these notices.
What is a tax…
BROWN: Setting the Stage for Long-Term Growth: Repeal the Mississippi Income Tax | Mississippi…
Submitted by Starla Brown, State Director for Americans for Prosperity
“To completely eliminate the state income tax would lead to energizing economic and demographic trends in the state,” Brown writes.
There's nothing wrong with…
Center likely to step up exercise against income tax evaders | Latest India News
The government could step up its exercise to identify people who undertake high-value financial transactions but avoid filing tax returns, officials familiar with the development said. The move comes as the government expects strong…
Buckeye Institute Files Appeal in Toledo and Oregon Income Tax Case » Research » The Buckeye…
Buckeye Institute files appeal in Toledo and Oregon income tax case
March 17, 2022
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2022 State Income Tax Rankings
This week's map examines the ranking of states on the personal income tax component of our State Enterprise Tax Climate Index 2022. Personal income tax is important for businesses because states tax sole proprietorships,…
income tax: the tax service reopens old tax assessments based on an algorithm
The disturbing letters from the tax office began to arrive. The Income Tax (IT) Department has begun the process of reopening old assessments, but with a difference this year. Tax officials across the country are busy tracking "INSIGHT",…
8 rookie mistakes you could be making when it comes to income tax, according to an Ontario expert
Everybody favorite the season is finally here, and, no, we're not talking about spring — we're talking about tax season! Most Canadians here and abroad must file your 2021 tax return by April 30, 2022, and while it can be a stressful time…
Macau employees in Hengqin will enjoy the same tax rate as in the SAR
*By Therese Tu
Macao residents working in the Guangdong-Macao Deep Cooperation Zone in Hengqin will enjoy the same personal income tax rates as Macao's corporate tax rates, the Guangdong Provincial Office of the…
Income tax reform in Georgia would improve competitiveness
This year's state legislative sessions have been characterized by a focus on tax policy, with five states having already enacted significant personal or corporate income tax reform. Georgian lawmakers are not interested in being…
File an ITR? Check the different tax brackets and rates in the new income tax system | Personal…
New Delhi: The new income tax regime was launched by the government in 2020. People under the old tax regime were eligible to claim deductions such as Section 80C, Section 80D, etc. of the Income Tax Act 1961, as well as tax exemptions…
ITR Filing: Here’s How to Save Income Tax With This Scheme | Personal finance news
New Delhi: Every year when it comes time to file tax returns, many look for methods to save money on their income taxes. With so many tax-saving investment vehicles on the market, individuals should choose a plan carefully to maximize…
Iowa Governor signs legislation to phase in 3.9% flat income tax
Iowa Governor Kim Reynolds signed a major tax cut package on Tuesday, completing her top priority for the legislative session just hours before she is expected to deliver the Republican response to…
Ky. House Republicans unveil bill to eliminate state income tax – 89.3 WFPL News Louisville
Republicans in the Kentucky House unveiled a bill that would reduce and eventually eliminate state income tax, wiping out a major source of government revenue.
House Bill 8, the so-called “Tax Modernization Proposal,” would lower the…
SC taxes generally fair to poor. Reducing income tax would change that.
We hear so many complaints about the wealthy having to pay more than their fair share of federal taxes that…
Rick Scott proposed that ‘all Americans’ pay income tax, then denied he did
Senator Rick Scott's 11-point plan. Photo by Justin DeWalt.
This is presumably a reference to recent estimates of the percentage of US "tax units" that owed no federal income tax.
In an August 2021 analysis, the nonpartisan Tax Policy…
GOP leaders propose removing public education earmarking for income tax
Republican legislative leaders are proposing an amendment to the Utah Constitution that would effectively eliminate a decades-old income tax earmarking for public education.
House Speaker Brad Wilson, R-Kaysville, speaking to the Utah…
Budget 2022: Singapore’s wealthy will pay higher income tax and property tax
SINGAPORE – Singapore's wealthiest will face higher income taxes as well as higher taxes on their luxury properties and cars, Finance Minister Lawrence Wong said on Friday (February 18) as they are called upon to help to build a fairer…
Constitutional amendment would cap Missouri income tax at 5.9% | Missouri
(The Center Square) — Missourians' income tax could be capped at a slightly higher percentage than the…
State Chamber: Business cares about labor, not state income tax | News
As the state's legislative leadership is engrossed with reducing or…
This Valentine’s Day, think about…the income tax savings of trusts!
Trusts generally have the highest marginal tax rates in the US tax system, but there are ways to save with good tax planning and thoughtful timing. A very important date for a tax-saving opportunity is fast approaching, and the holiday I…
The IRS already has all your tax data – so why do Americans still have to file their taxes?
(THE CONVERSATION) Doing taxes in the United States is notoriously complicated and Dear. And it's even worse when there are delays and arrears, making it especially difficult to access the Internal Revenue Service for help.
But…
Sales Tax, Income Tax, FED Issues: FY23 Budget Provides Single Document for Businesses and General…
ISLAMABAD: Business community and general public could have “one” fiscal document in the budget (2022-2023) to address federal sales tax, income tax and excise duty issues from the next fiscal year.
Sources said company registrar that…
London council votes to put income tax hike on May 3 ballot
(Published February 7, 2022)
By Kristy Zurbrick, Madison Editor
London City Council voted 6-1 to impose a 0.5% increase in income tax in the May 3 ballot. If passed, the tax would help fund the fire and emergency medical…
Do Utahans Really Need Meaningless Tax Relief?
Instead, let's invest this $79 million in the needs of our community.(Rick Egan | The Salt Lake Tribune) Camp Last Hope, was built on abandoned railroad tracks, under the highway for shelter from rain and snow. Tuesday January 5, 2021.…
Senate panel proposes consideration of key Youngkin income tax proposal, but backs one-time refunds…
BY MICHAEL MARTZ Richmond Times-Dispatch
RICHMOND — A major part of Gov. Glenn Youngkin's tax-cutting package suffered a major blow Thursday, when a Senate panel…
Democrats want to expand child care and earned income tax credits in Iowa
Iowa House and Senate Democrats on Thursday proposed their own tax plan that they say will benefit Iowa's workers and middle class.It's the minority party's response to Republican proposals that…
MSPs agree income tax rate freeze despite ‘68,000 will pay more’ warning
The MSPS has agreed to freeze income tax rates for the next financial year despite concerns that nearly 70,000 Scots will pay more due to bracket adjustments.
SNP Public Finance Minister Tom Arthur said 'the majority…
Impact of Budget 2022 on income tax slabs, live rates: income tax calculator, new income tax slab…
Income Tax Plates 2022 Live, Budget 2022 New Income Tax Plates and Rates in India Live Updates: Nirmala Sitharaman Makes Big Affordable Housing Announcements, Post Office.
2022 Income Tax Budget Live Updates: Finance Minister Nirmala…
Union Budget Income Tax 2022: 40% of taxpayers will switch to the new income tax structure if the…
NEW DELHI: Forty percent of Indian taxpayers are likely to switch to a new income tax structure if the government cuts the tax rate by another 2-5% in the next budget, a survey by LocalCircles has found. In fiscal year 20-21, the government…
Budget 2022 expectations: income tax restructuring, GST review by regulator for e-commerce…
Union budget 2022: There are only a few days left until the Union Budget 2022. Union Finance Minister Nirmala SItharaman will present this year's budget on February 1, 2022. Ahead of the Union Budget 2022, the Confederation of All India…
Iowa GOP lawmakers want to eliminate tax on retirement income | Iowa News
By DAVID PITT, Associated PressDES MOINES, Iowa (AP) — Republicans in the Iowa House on Monday proposed eliminating taxes on retirement income, a move that would cost the state about $2 billion in revenue over the first six years. .The…
State Senator Reichman Says Flat Income Tax Is Fair For Everyone | Radio KCII
Gov. Kim Reynolds' legislative proposal for a flat income tax is seen as equal, but opponents say it would benefit high-income earners.
Governor Reynolds said in her annual statehood address that all Iowans would pay a 4%…
Find out how to calculate your income tax here
Union Budget 2022-23: Each system has a number of tax brackets or rates for individual taxpayers, depending on their annual income and age.…
Musselwhite Praises Legislature’s Efforts to Phase Out State Income Tax and Passing Teacher…
The mayor of DeSoto County's largest city praised state lawmakers for passing legislation to raise…
City requests income tax renewal | Local News
The city of Bryan will seek renewal of its 1/2% income tax in the May 3 primary election ballot.The tax has…
UCP raises personal income tax by $286 million in 2022
At a press conference On March 7, 2019, Jason Kenney, then leader of Alberta's Official Opposition, told reporters that if his party were elected in the next election, he would not cut personal income taxes:
We don't have the…
DLP promising no income tax on first $15,000 bonus
The Democratic Labor Party (DLP) will restructure Barbados' tax system if elected, in a bid to alleviate the pain and suffering they feel for the citizens.The tax cuts are supposed to benefit people who receive annual bonuses of less than…
Ahead of Budget 2022, here’s a look at current income tax slabs
Union Finance Minister Nirmala Sitharaman will present the full year budget for the financial year 2022-23 on February 1, 2022. Citizens across India are awaiting annual budget announcements relating to tax brackets on income.In the latest…
This year’s tax season begins Jan. 24, and IRS says it’s going to be…
Ready for your 2021 tax refund? Mark your calendars because January 24 is when the Internal Revenue Service will begin accepting and processing 2021 tax returns. The 2022 tax season will run from Monday, Jan. 24…
Know the details of this government program
Atal Pension Yojana: The Ministry of Finance recently notified that up to 65 lakh registrations have been made under the government's Atal Yojana pension in this fiscal year so far. That brought the total number of pension plan…
Income Tax Law: Faceless Assessment System 2021
The tax department has made several changes to its anonymous appeal system, which is currently the subject of a constitutional challenge in the Bombay High Court. One of the main concerns of taxpayers has now been addressed by the Central…
Flush with excess taxpayer dollars, Georgia legislature considers income tax cuts and new spending
This is a column by Charlie Harper, an Atlanta-based public policy expert and longtime contributor to the Savannah Morning News.As the calendar moves to the second week of January, Georgia's eyes begin to turn to Atlanta. Some are looking…
Prime Minister Imran paid more income taxes than Shehbaz, Bilawal, Gilani
ISLAMABAD: Prime Minister Imran Khan paid more income taxes than opposition leaders Shehbaz Sharif, Bilawal Bhutto Zardari, Asif Zardari and others.
The Federal Board of Revenue (FBR) on Monday released its 2019 fiscal yearbook for…
Medical Marijuana, Teacher Compensation, and Income Tax to Mark 2022 Session of MS Legislature…
Mississippi lawmakers begin their three-month session Tuesday with a clear idea of ââseveral issues for debate.
One of the first agendas will be the adoption of a!-->…
The income tax portal remains CA’s worst nightmare; But for the government, ‘Everything…
While the Union government claims that nearly 5.89 crore of income tax returns (ITRs) have been filed on the new e-filing portal as of December 31, 2021, the website, developed and maintained by Infosys Ltd, continues to frustrate…
Last day to file ITR TOMORROW; Do it online for free, know how
Step 1:
Visit the official income tax portal at https: // www. Incometax.gov.in/iec/foportal.
2nd step:
Log in to the e-Filing portal using your username and password.…
Guide to filing US income tax for estates and trusts
What is Form 1041: United States Income Tax Return for Estates and Trusts?
Form 1041 is an Internal Revenue Service (IRS) income tax return filed by the estate, trust, or bankruptcy trustee of a national deceased. Part of…
House leader considers income tax cut amid optimistic budget forecasts
Huston says he and Senate leaders continue to discuss their differing views on possible tax cuts. (IBJ Photo / Eric Appris)
When it comes to pushing for state tax cuts and limits on employer vaccine mandates,…
Saving Income Tax – Investment Options, Planning and Advice
Contents
What is the income tax savings?
What is tax planning?
What are the income investment options?
Tips for planning your tax savings.
introduction
Saving income tax is a dream for taxpayers helping them to save money for…
Income Tax Calculator: How Much Will I Have to Pay?
Marie Claire is supported by her audience. When you buy through links on our site, we may earn a commission on some of the items you choose to purchase.…
New report touts benefits of repealing state income tax as jockey governors and lawmakers become…
Wisconsin Capitol Building.
getty
Tennessee became the nation's eighth income tax-free state in first day 2021, when the phasing out of the voluntary state investment income tax was completed. Less than…
Cie Treasurer on the tax benefit for low income
Treasurer Josh Frydenberg did not rule out extending a tax benefit for low incomes, which expires at the end of this fiscal year.However, this was not mentioned in the mid-year budget review which was released on Thursday.Economists expect…
Focus Beyond Personal Income Tax, Sanwo-Olu told JTB
Babajide Sanwo-Olu, Governor of Lagos, called on the Joint Tax Board (JTB) to extend its scope beyond personal income tax (PIT) to other tax areas.
JTB is the supreme body of all tax authorities in Nigeria.
Gboyega Akosile,…
Op-ed: A Sense Way to Pay Billionaire Income Tax to Build Back Better | News, Sports, Jobs
As someone who grew up in West Virginia near Parkersburg, where I still live and where my company is located, I can tell you firsthand that the impacts of inflation are real. My…
Governor Asa Hutchinson signs Arkansas’ biggest income tax cut
"It is an accumulation of a lot of work, over many years, to get to this point," Governor Asa Hutchinson said.
LITTLE ROCK, Ark. - Historic reductions are coming in the income taxes of the Arkansans.…
2021 tax return: that’s when it’s made, due and pre-filled. Here all the FAQs –…
What is it, how and when is the tax return with 730 for the year 2021? The 730 is the tax declaration form dedicated to employees and retirees. The Model 730 has several advantages. Mainly, the taxpayer does not have to carry out…
Britain’s Sunak plans to cut income tax or cut VAT ahead of next election – The Times
British Chancellor of the Exchequer Rishi Sunak speaks at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Great Britain on November 3, 2021. REUTERS / Yves HermanRegister now for FREE and unlimited access to…
GOP leaders seek Iowa income tax ‘moonlight’
The Iowa Capitol in Des Moines (The Gazette)
ALTOONA - With a state surplus approaching $ 2 billion, a key Senate Republican has…
Government ignores recommendation to align CGT with income tax
The Treasury ignored proposals to raise capital gains tax rates to bring them into line with income tax and reduce the annual deduction from the levy.In a letter to the President and Director of the Office of Tax Simplification, Kathryn…
“The spontaneous payment of income tax strengthens the national economy”
File photo of the National Board of Revenue (NBR) office in Dhaka Mehedi Hasan / Dhaka Tribune
The speakers appreciated the various pragmatic measures taken by the BNR to increase the number of taxpayers and allow them to easily pay income…
What does the annual information statement (AIS) mean to you?
The Central Council for Direct Taxes recently announced the availability of the Annual Information Declaration (AIS) for the taxpayer. There is curiosity all around in the minds of taxpayers as to what it is and what implications…
Indexation of the parameters of the personal income tax system, social assistance benefits and…
QUEBEC, 25 November 2021 / CNW Telbec / - The Quebec Ministry of Finance announced today that the indexation rate, which will apply as of January 1, 2022, with respect to the parameters of the personal income tax system, social assistance…
AFC calls on government to adjust income tax threshold to lower cost of living
The Alliance for Change, part of the opposition APNU + AFC coalition, today called the government "heartless" towards civil servants by imposing a 7% pay rise over the past two years .
At a press conference today, AFC executive and MP…
Income tax change could reduce the state’s case for borrowing money
One of the issues most watched by Mississippians when the Legislature meets on Jan.4 will be Gov. Tate Reeves' proposal to eliminate personal income tax. But Mississippians won't be the only ones watching. Prominent New Yorkers…
State Senator Miller submits law to repeal state income tax
Repealing income taxes could also put more people back into the workforce, Miller said, and a consumption tax system would broaden the tax base and compensate for lost income. The bill, currently pre-tabled for the January 2022…
“IMF pushes for reforms to increase corporate income tax, corporate tax”
ISLAMABAD: RBF Chairman Dr Ashfaque Ahmed said IMF demands reforms to increase personal income tax (IRP), corporate income tax, remove GST distortions , strengthen implementation capacity and achieve a sustainable revenue collection…
CBDT Unearths Rs 600 Crore In Black Revenue After Raids On Two Groups Gurugram, Real Estate News, ET…
NEW DELHI: Unrecognized income of Rs 600 crore was detected after the income tax department recently raided two groups of companies based in Gurugram in Haryana, the CBDT announced on Monday.The searches were carried out on November 10 on…
Personal Income Tax Extension Deadline Approaches for Virginia Residents
RICHMOND, Va. (WFXR) - Virginia Tax is reminding taxpayers that if you haven't yet filed your personal income taxes for 2020, the automatic six-month extension deadline is fast approaching.
This deadline is Wednesday November…
Removal of the tax exemption on foreign source income will not discourage FDI
KUALA LUMPUR: The proposed removal of the tax exemption on income from foreign sources as announced in the 2022 budget should not be seen as a negative measure that could discourage foreign direct investment (FDI), said the finance…
Eliminating corporate tax will hurt North Carolina
More than 60 percent of North Carolina oppose the elimination of corporate income tax. In fact, most North Carolinians want to see profitable businesses contribute what they need to ensure that we can fund a better future for…
Wyden Unveils Billionaire Income Tax | Brownstein Hyatt Farber Schreck
This morning, Senate Finance Committee Chairman Ron Wyden (D-OR) released the Billionaire Income Tax legislation, his proposal to impose a valuation regime on the government. market value to certain high income and high net worth…
Washington State Voters to Have Their Say in Litigation Capital Gains Tax | Washington
(The Center Square) - Voters in Washington state will have the opportunity to weigh in on Tuesday, at least…
Voters to vote on permanent income tax for city parks on Tuesday
LANCASTER - Voters in the city will decide on Tuesday whether to convert a five-year renewal tax for the parks department to a continuous or permanent tax.The Lancaster Parks Tax would also increase the income tax rate from 0.15% to 0.25%,…
Senator Wyden Proposes Billionaire Income Tax Update
US Senator Ron Wyden (D-OR), chairman of the Senate Finance Committee, released an updated version of the billionaire income tax, which he said would ensure billionaires pay taxes every year.© Shutterstock!-->…
HC Notice to Center on Petition Challenging Anonymous Income Tax Imposition
The Madras High Court has issued an opinion to the Union government on a lawsuit challenging the constitutional validity of the faceless valuation system under the Income Tax Act.
The court barred the tax department from…
Democrats consider billionaire income tax to help foot the spending bill – Oakland News Now
https://www.youtube.com/watch?v=zGq8a4p2W-k https://www.youtube.com/watch?v=zGq8a4p2W-k Oakland News Now - Democrats consider billionaire income tax to help foot the spending bill - video produced by the YouTube channel with the logo…
Citing PAN is mandatory for these financial transactions; find out what the income tax department…
The Permanent Account Number (PAN) is a unique ten-digit alphanumeric number issued by the Income Tax Service. It allows the ministry to link all transactions of the appraisee with the ministry. These transactions include tax payments,…
The Case for a Billionaire Income Tax
As Democrats scramble to reach consensus on how to pay for a massive budget deal, a proposal to raise taxes for U.S. billionaires is gaining momentum. Here's one of the reasons it's a good idea: Since March 2020, the start of the…
A modified tax regime is necessary if we are to continue to attract talent
Despite all the drama that accompanied the government's recent decision to sign the international agreement on tax reform, its impact on our economy is far from clear.…
Launch of a web application to simplify the tax return
TBS Report
23 October 2021, 19:20
Last modification: October 23, 2021, 10:07 PM…
Democrats’ highest tax rate would be among the highest in the OECD
Under the House Build Back Better Act, the highest average personal income tax rate would reach 52.3%, placing Sweden in 9th placee highest rate from the Organization for Economic Co-operation and Development (OECD).
The House…
Income tax refunds worth Rs 92,961 crore issued in 2021-2022
Income tax refunds worth over Rs 90,000 crore issued in current fiscal yearIncome tax refunds totaling Rs 92,961 crore have been granted to taxpayers in the current fiscal year, the Central Commission on Direct Taxes (CBDT)…
Cocopea: BIR offices levy 30% income tax despite DOF freezing order
The country's largest private school associations revealed on Wednesday that some offices of the Bureau of Internal Revenue (BIR) in the regions still apply a 30% income tax rate despite the ministry's suspension of the order.…
Manitoba lawyer loses license after comparing income tax to Hitler
Struggling Calgary City Councilor Sean Chu said he had no plans to resign but apologized to a woman he had sex with 24 years ago .
"I'm sorry, I didn't mean any harm," Chu told the Western standard in an exclusive…
The expansion of the working income tax credit for low-income people is vital
Cross Community & The Equity Center recently concluded a comprehensive investigation into the critical post-pandemic needs of the people they…
First 2.6 million Pakistanis file income tax returns
ISLAMABAD: The Federal Board of Revenue (FBR) said on Saturday it had received a record 2.6 million tax returns as of October 16.
In a statement, an RBF spokesperson said tax collection through declarations amounted to Rs 48.6 billion.…
FBR will charge Rs1000 per day to late filers
ISLAMABAD: The Federal Board of Revenue (FBR) will charge Rs1000 on a daily basis to taxpayers who file their tax returns after a now expired October 15 deadline, ARY NEWS reported.
According to sources familiar with the matter, the RBF…