On March 18, 2015, the UK government announced the most radical changes to the oil and gas tax regime since 1993, when Petroleum Revenue Tax (PRT) was abolished for new fields. The need for fiscal change was recognized by the government, even before the oil price collapse, as the mature...
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...
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...
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......
Italy: New Tax Regime for Royaltiesdoi:10.54648/taxi1997066Mayr, SiegfriedIntertax
The government offers taxpayers a choice between the traditional old regime, which includes numerous deductions and exemptions, and the new regime with simplified structures and lower tax rates.
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Tax slabs rates in old and new tax regimeSubmit a Comment Your email address will not be published. Required fields are marked * This site uses Akismet to reduce spam. Learn how your comment data is processed.YouTube Videos on Income Tax How to file ITR1 new Income Tax Website, for ...
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...
2023-01-28 Anouk KPMG Global Belgium’s recent law enacted in December expanding the scope of the new tax regime for inbound taxpayers and inbound researchers and Circular 2023/C/6, which brings more clarifications and changes, represent requirements around bringing into Belgium taxpayers and resea...