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 ...
The Direct Tax Code (DTC) will takeover the current direct tax laws in India. Discover how domestic and foreign companies will be affected.
2024: A New Year; A New Reporting Regime As discussed in our February 4, 2022 client alert and our December 15, 2022 client alert, certain legal entities are now subject to new reporting requirements in the United States about their beneficial ownership pursuant to the requirements of the......
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...
Indonesia's parliament has introduced a new "omnibus" law – known as the Harmonized Tax Law. What you need to know The Harmonized Tax Law makes a number of amendments to the income tax and value-added tax (VAT) regimes in Indonesia, and also introduces a new carbon tax on coal-fired...
Attachments New HK Regime You May Also Be Interested In Firm Hosted 2025 Public Company Speaker Series December 13, 2024 Alert Final Regulations Clarify the Investment Tax Credit Rules December 08, 2024 Alert EMIR 3 Published in the Official Journal of the European Union December 04, 2024 ...
Applications under the new regime can be made from 1 July 2025: The new regime will become mandatory on 1 January 2026, but voluntary applications for clearance under the new regime can be made from 1 July 2025. Transition arrangements for notifications that receive A...
[1] Set an income tax revenue target of $50bn by 2030 [2] Forward proposals to the National Assembly introducing a regime whereby no public official will receive more than four times the national minimum wage [3] Peg the salaries of the president, governors, senators, ministers, commissioners...
"On top of the 40% duty already imposed on estates above a £325,000 [$412,420] threshold, the Conservative government has adopted the thrust of the Labour opposition's policy of ending the U.K.'s non-dom tax regime from 2025. And for those educating their children in the U.K...
Udit Misra: Was the corporate tax cut poorly timed? You’re more than five years into the new corporate tax regime. I think we’re ensuring that enough surpluses are happening in the corporate sector to be able to invest. What ...