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South Sudan removes newly imposed taxes that had triggered suspension of UN food airdropsSouth Sudan has removed recently imposed taxes and fees that had triggered the suspension of U.N. food airdrops. The United Nations had earlier this week urged South Sudanese authorities to remove the..SeattlePI.com - Published | |
Worldwide: OFAC Issues Two Determinations Prohibiting Dealings In Certain Metals Of Russian Origin; Extends General License Allowing Payment Of Taxes And Fees To Russian Government - Foley Hoag LLPOn April 12, 2024, in coordination with the United Kingdom, the Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued two new Determinations...Mondaq - Published | |
India: Withholding Tax Obligation On Telecom Companies – Welcome Relief By Hon'ble Supreme Court - Acuity LawObligation (in the hands of telecom companies) to withhold taxes under Section 194H of the Income-tax Act, 1961 (IT Act) on discounts given to SIM card distributors has been a matter of long drawn..Mondaq - Published | |
UN asks South Sudan to remove new taxes that led to a pause in food airdropsUnited Nations pushes South Sudan to remove new taxes causing suspension of food airdrops, impacting thousands in need of aid, with bureaucratic hurdles and rising population requiring assistance.IndiaTimes - Published | |
Equity funds and tax efficiency: Strategies to optimize tax liabilitiesInvesting in equity funds can be a suitable way to grow your money over time. But did you know that the taxes you pay on your investments can eat into your returns Thats where tax efficiency comes in...NewsVoir - Published | |
Canada: Navigating The Changes: How Federal Budget 2024 Affects Canadians' Taxes - DentonsBudget 2024 was released on April 16, 2024, and it contained several proposed changes to Canada's tax system. Over the next several days, Dentons Canada's...Mondaq - Published | |
United States: What Is 'Currently Non-Collectible' Status And How Do You Get It Applied To Your Federal Income Taxes? - Plunkett & CooneyWhile there are many resolution options for taxpayers who would like to pay their outstanding income tax liabilities, sometimes there simply aren't enough...Mondaq - Published | |
Tax Saving Opportunities in FY 2024-25 Available on Bajaj MarketsBajaj Markets, a leading digital financial marketplace, provides access to a variety of tax-saving investment. The new financial year (FY) 2024-25 presents an opportunity to optimize taxes and achieve..NewsVoir - Published | |
Italy: New Updates On Italian Gift/Inheritance Tax And Trusts - SLCLEXThe draft legislative decree currently under consideration by the Italian Government partially revises the rules on Gift and Inheritance tax and registration taxes with reference to trusts...Mondaq - Published | |
Egypt: Income Taxes In Egypt: A Detailed Examination Of Current Practices - Andersen in EgyptIncome taxes are one of the most important sources of revenue for any country, and they have been imposed in Egypt for many years.Mondaq - Published | |
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NRIs Drive Punjab's Real Estate Boom: Developers Eye Record GrowthThe picturesque state of Punjab is witnessing a remarkable surge in its real estate sector, fueled largely by a significant influx of investments from Non-Resident Indians (NRIs). Financial inflows..NewsVoir - Published | |
Worldwide: Update To BVI Economic Substance Rules: Important Update For Entities Claiming Non-Residence Via UAE Corporate Income Taxes - HarneysOn 2 April 2024, the BVI International Tax Authority (ITA) published version four of its economic substance rules and explanatory notes (the Rules)...Mondaq - Published | United States: SPAC Considerations: New Regs Proposed For Stock Repurchase Excise Tax - Greenberg Traurig, LLPOn April 9, the Treasury Department and Internal Revenue Service issued two sets of proposed regulations (the Proposed Regulations) regarding the application of the excise tax on repurchases of..Mondaq - Published |
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United States: Using Pass-Through Entity Tax Benefits In M&A Transactions - Thompson Coburn LLPIndividual taxpayers who itemize deductions on their federal income tax returns generally can offset federal taxable income for taxes paid to state and local governments.Mondaq - Published | 'Various loss-making firms paid hundreds of crores to BJP through electoral bonds': AAP's Sanjay SinghAam Aadmi Party MP Sanjay Singh accused the Bharatiya Janata Party of "corruption" regarding electoral bonds, alleging that loss-making firms donated hundreds of crores to the BJP. Singh disclosed a..IndiaTimes - Published |
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New income tax regime: Here's how employees can claim these deductionsThe employer's Form 16, which details the taxes withheld from employee salaries during the fiscal year, includes Part B, which shows this deduction.DNA - Published | Government to check unnecessary GST probes, sets 1-year closure deadlineCentral Board of Indirect Taxes and Customs implements measures to streamline GST operations, reduce unnecessary summons, and standardize procedures, aiming for quicker conclusions and improved..IndiaTimes - Published |
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Canada: An Overview Of Canadian Foreign Tax Credits For Foreign Withholding Taxes—and Get Ready For An Audit By CRA - Rotfleisch & Samulovitch P.C.An individual who is a Canadian tax resident is liable to pay Canadian income tax on worldwide income.Mondaq - Published | Nigeria: Navigating Corporate Taxation In Nigeria: Planning And Compliance Guide - The Trusted AdvisorsCorporate taxes are taxes levied on companies or other legal entities that are doing business in Nigeria. They are usually deducted from a company's profits.Mondaq - Published |
India: RoDTEP Benefit Extended To Exports By Advance Authorisation Holders And By EOU And SEZ Units - Lakshmikumaran & SridharanThe Ministry of Commerce and Industry has extended the benefit of Scheme for Remission of Duties and Taxes on Exported Products (‘RoDTEP')...Mondaq - Published | Brace for more ‘insignificant’ tax disputesThe Central Board of Direct Taxes has broadened the scope of exceptions for the filing of appeals by the Income Tax department with tax tribunals and courts. A recent circular has allowed appeals to be..IndiaTimes - Published |
Tax planning guide: Opt for Hybrid funds to help cut tax outgo - 10 mutual fund schemes to considerWealth managers recommend conservative investors to opt for hybrid schemes before the financial year closes to save on taxes in mutual fund investments. The government's removal of indexation benefits..IndiaTimes - Published | Is Bruno Mars in 50 MILLION gambling debt?MGM has refuted rumours that singer Bruno Mars worked up a $50 million gambling debt claim from their Las Vegas casino. Mars's deal with the company promised him a $90 million paycheque, however, data..IndiaTimes - Published |
Canada: Tax 101: A Student's Handbook To Tax Literacy And Financial Responsibility - Rosen & AssociatesNavigating the intricate realm of taxes can be intimidating for young adults and students in Canada. However, comprehending tax obligations...Mondaq - Published | Boost for Elon Musk’s Tesla? New EV policy approved to make India electric vehicle manufacturing hub - top things to knowBoost for Elon Musk's Tesla! The government has approved a new electric vehicle scheme to incentivize local manufacturing and attract foreign investment, particularly from companies like Tesla. The..IndiaTimes - Published |
United States: CA Digital Advertising Tax Informational Hearing - Greenberg Traurig, LLPOn March 13, the California Senate Standing Committee on Revenue and Taxation will hold an informational hearing to discuss digital advertising and digital services taxes.Mondaq - Published | India advocates design change in coal-based power plants to utilise local resources, considers higher tax on importsIndia's federal coal ministry has recommended changes in the design of coal-based power plants to promote the use of energy security and reduce dependence on imported coal. According to a report by S&P..IndiaTimes - Published |
India: Reconciliation Between Disclosed Income And Third-Party Information Through 'On-Screen Functionality' - Nexdigm Private LimitedThe Central Board of Direct Taxes (CBDT), via its press release under the e-Verification Scheme-2021, implemented an "on-screen functionality"...Mondaq - Published | IVCA Conclave 2024 Sets New Benchmark for the Next Phase of Growth of AIF IndustryIndia's apex industry body for alternative assets, the *Indian Venture and Alternate Capital Association (IVCA)*, hosted the 13th edition of its flagship event, the IVCA Conclave in Mumbai on February..NewsVoir - Published |
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ELSS edge out tax saving optionsIt's that time of year when taxpayers under the old tax regime - mostly the salaried class - rush in to invest that extra amount to help them save some taxes under section 80C of the Income Tax Act...IndiaTimes - Published | United States: Can't Pay Your Taxes? Consider These Tax Debt-Relief Options - Kaufman RossinMany taxpayers who owe money to the IRS, either as an individual or as a business, feel trapped in a stressful situation without resolution. With the IRS planning to step...Mondaq - Published |
Egypt: Royalty Taxes In Egypt: Intellectual Property And Tax Law - Andersen in EgyptIn Consideration of investors in expanding their investments in Egypt benefiting from the numerous advantages offered by the Arab Republic of Egypt...Mondaq - Published |