indirect taxesPollock v. Farmers’ Loan & Trusttaxes on incomesSixteenth AmendmentThis essay discusses the Sixteenth Amendment which, by exempting "taxes on incomes" from the apportionment requirement otherwise applicable to direct taxes, madJensen, Erik MSocial Science Electronic Publishing...
1. Short title and commencement.-(1)These rules may be called the Income tax Amendment (22nd Amendment), Rules, 2021. (2) They shall come into force from the date of its publication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal...
1. Short title and commencement.–(1) These rules may be called the Income-tax (12th Amendment) Rules, 2020. (2) They shall come into force with effect from the date of publication in the Official Gazette. 2. In the Income-tax Rules, 1962, (a) in rule 12, in sub-rule (1)─ (...
However, that changed and the first income tax in the U.S. was levied to pay for the Civil War and provided a snapshot of therevenuethat income taxes could raise. The 16th Amendment gave Congress the power to lay and collect federal taxes. It was passed in 1909 and ratified in 1913.2 ...
The Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Bill 2022 (Bill) on Hong Kong's FSIE regime was passed by the Legislative Council today.
income tax imposed by the Comptroller. Singapore has also proposed to introduce a surcharge equal to 50 percent of the amount of additional stamp duties imposed by the Commissioner in the Stamp Duties Act along with an amendment in the draft Goods and Services Tax (Amendment) Bill 2020. The ...
Provided that no direction shall be issued after the 31st day of March,2022. [Proviso of sub-section (3B) of section 143 was amended w.e.f. 01.04.2020 by the Finance Act 2020 and further amended w.e.f. 01.04.2021 by the Taxation and Other Laws (Relaxation and Amendment of Certain ...
In this article, the author assesses the extent to which, for Nigeria, the recently enacted Personal Income Tax (Amendment) Act realizes the desired objectives. Based on a comparison of VAT tax revenues with company and personal income tax revenues, the indications are that the government will ...
The 16th Amendment was introduced precisely to achieve this goal. A sad column. But it gets worse because politicians also then imposed payroll taxes. Then they imposed value-added taxes. Both of which helped to finance further expansions in the burden of government spending. The bottom line is...
DEDUCTION OF TAX AT SOURCE INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2022-2023 income-tax as per Finance Act, 2022