Nigeria’sFederal Ministry of Financehas announced changes to the withholding tax regime. The changes technically entered into force on 1 July 2024, except for gaming sector regulations, which will take effect from 1 October 2024. The government said, however, it will start full implementation by ...
New UK tax regime welcome.Reports the introduction of a regime for the taxation of intangible assets in Great Britain. Effectivity of the tax scheme; Inconsistencies of the current regime; Definition of intangibles according to the new regime; Inclusion of intellectual property.Bezant...
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...
2. A 2 January report byBloombergnoted that in the past, people could avoid tax on overseas earnings by acquiring a foreign passport or green card, while keeping their Chinese citizenship. This method will no longer operate because the government will tax global income from all holders of "huk...
Find tax using the new system Find the difference Check the paperwork required to claim, if it is worth it. For example if you want to take Insurance policy to save, understand the payment frequency, returns etc.Example of calculating tax under old, new and revised new Tax regimeSome...
NEW DELHI, July 1 (Xinhua) -- India early Saturday rolled out its biggest ever tax reform in its 70-year history after achieving independence from British rule in 1947. The new tax regime known as Goods and Services Tax (GST) replaces more than a dozen state and federal levies to unify...
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 researchers qualifying under the new...
Kasolo this week said the ZCCM-IH was opposed to the new tax regime to increase tax on the country's copper producers, as the measures would have negative impact on the agency and investment in the mining sector. He urged the government to quickly resolve the tax impasse with mining compan...
Since the inception of a new regime for filing taxes, there has been a discourse among taxpayers. The old tax regime provides opportunities to save taxes while, building a portfolio for fulfilling their financial goals. After the introduction of the new tax regime with less exemptions and deducti...
The Ministry of Finance said the new corporate tax is an important milestone in building an integrated tax regime. It is intended to support the strategic objectives of the UAE while enhancing the country’s global competitiveness. The plan is for it to provide the flexibility to deal with and...