However, under the new tax regime for FY 2024-25, the incometax slabs and rates are the same for everyone, regardless of age. This means that you will pay taxes based on the same slabs if you are under 60, a se
Spanish legislation envisages the possibility that natural persons who acquire their tax residence in Spain as a consequence of their transfer to this country may opt to pay tax applying the rules of the Non-Residents麓 Income Tax Act during the fiscal year in which the change of residence ...
If the benefit-in-kind was received in the 2022 financial year, then the employer is exempted from withholding the income tax, and the employee is exempted as an income tax object. For the 2023 financial year (January – June), the employer is exempted from withholding the income tax. For...
An inheritance tax (IHT) regime based on residence rather than domicile was announced by the previous Government in its Spring Budgetopens in a new tab of March 2024. One year and 30 days later, the new regime will be effective from 6 April 2025. Its detail has been decided upon by the...
From FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25. Now taxpayer has a choice to ...
Accordingly, Intellectual Property assets will qualify for the benefit of the new tax regime only to the extent that they arise from research and development activity. The new bill has also envisaged a certain range of safeguards in order to ensure that research and development activity ...
New regime provides new way to calculate taxes.The article focuses on normative instructions 761, 762 and 763 which regulate the simplified tax regime in Brazil issued by tax authorities on August 1, 2007. The measure authorises companies under this regime to pay a single tax in place of the...
For VAT returns for accounting periods starting on or after 1 January 2023 the new payment penalty system is to be replaced by a points-based late filing penalty regime and a new late payment regime. The new regime was originally due to take e...
Italy: New Tax Regime for Royaltiesdoi:10.54648/taxi1997066Mayr, SiegfriedIntertax
It’s time for tax teams to get prompting The must-have skill every tax professional needs: prompt engineering. Read Morechevron_right US tariffs: What UK businesses need to know Five practical actions businesses can take today Read Morechevron_right ...