Additional tax changes include higher taxes on smoking, the introduction of VAT on private school fees, and the abolition of the non-dom tax regime beginning in April 2025. In her budget statement, Reeves stressed the importance of investment, saying that the government will deliver "a boost to...
The international tax proposals in the Biden Administration's FY 2024 Budget come largely from prior-year budgets.
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 Ta...
the United States (US) Treasury offers a few new international tax proposals as part of the administration's FY 2024 Budget (Budget). Most proposals in this year's Budget appeared in prior budget proposals or proposed legislation. The international tax pro...
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Budget Update: New Foreign Investment Regime to Raise $735 MillionLozzi, Vanya
The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under the new regime, the income tax slabs are the same...
The HPP also aims to bring Indonesia's budget deficit back under the cap of 3% of GDP by 2023 (this cap was temporarily lifted in 2020 to accommodate more than a billion dollars of spending for COVID-19 relief measures). Introduction of carbon tax The HPP creates a carbon tax, which ...
The Minister of Finance and Economic Development, Professor Mthuli Ncube, had his budget approved recently and interestingly the new tax bands to be used for 2022 financial year are paged at parallel market rate of US$1 to ZWD250. The Zimbabwe Revenue Au
KPMG x SBF Singapore Budget 2024 proposal media conference. From left to right: Musa Fazal, Chief Policy Officer, Singapore Business Federation, Ajay Kumar Sanganeria, Partner, Head of Tax, KPMG in Singapore, Lee Sze Yeng, Managing Partner, KPMG in Singapore, Kok Ping Soon, CEO, Singapore Bu...