Tax
- Middle East
UAE announces corporate tax registration exemptions
Abu Dhabi: The United Arab Emirates (UAE) has announced that certain businesses are exempt from registering for corporate tax that will be introduced in June this year, the Emirates News Agency (WAM) reported.…
- India
Will the Union Budget impact your lifestyle?
Delhi: The 2023-2024 Union Budget was announced and what impact will it make on your life and style in the coming year? While some industries had favourable results that will spur the…
- World
UK PM Rishi Sunak sacks Tory party chief over tax penalty row
London: British Prime Minister Rishi Sunak on Sunday sacked one of his Cabinet ministers and Conservative Party chairman, Nadhim Zahawi, after he was found to have been in serious breach of the…
- World
Donald Trump Organisation fined $1.6 million for tax fraud
New York: Donald Trump’s company was fined 1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks a symbolic,…
- India
Actor Anushka Sharma moves Bombay HC against Sales Tax dept orders seeking dues under Maha VAT Act
Mumbai: Actor Anushka Sharma has moved the Bombay High Court challenging two orders passed by the deputy commissioner of Sales Tax raising dues for 2012-13 and 2013-14 assessment years under the Maharashtra…
- Middle East
Dubai scraps 30% tax on alcohol sales, fee for liquor licenses
Abu Dhabi: In a major decision, the Dubai government on Sunday ended 30 per cent tax on alcohol sales and made liquor licenses free to obtain, Dubai Municipality reported. The rule for…
- Telangana
11% of GST revenue was increased in Telangana in December 2022
Hyderabad: The Telangana government collected Rs 4,178 Crores in December 2022. In 2021, the collected revenue amounted to Rs 3,760 Crores. Telangana increases its goods and services tax (GST) every year by…
- Middle East
Dubai relaxes liquor sale rules, tax scrapped to boost tourism
Jeddah: In an aim to boost the country’s economic and social standing to attract more foreign tourists, the United Arab Emirates further relaxed some rules, which were based on Islamic norms. As…
- World
US House panel releases redacted version of Trump’s tax returns
Washington: The US House Ways and Means Committee has released a redacted version of former President Donald Trump’s tax returns. The documents include six years of tax information for the time Trump,…
- India
GST Council meeting: No tax increase on any item
New Delhi: No tax increase on any item was decided at the GST Council meeting on Saturday. Meanwhile, the Council recommended reducing GST on biofuel from 18 per cent to 5 per…
- Business
Tax collections up by 24% in current fiscal year-on-year
New Delhi: Net tax collection in 2022-23 was 24.26 per cent higher than the net collection for the corresponding period of last year. With this, 61.79 per cent of the budget estimates…
- Business
CBDT issues circular on TDS on salaries for current fiscal
Delhi: The Central Board of Direct Taxes (CBDT) in a circular related to TDS deduction from salaries has said that any person responsible for paying salary must deduct income tax while paying…
- Telangana
Telangana treated step-motherly on grants, BJP-ruled states favourite
Hyderabad: The government of Telangana is getting tax and non-tax revenue as expected this fiscal year. Particularly since the last 5 months, the revenue is crossing Rs.10,000 Crores every month. GST, Stamp…
- Technology
Tax-filing websites sending users’ financial data to Facebook: Report
San Francisco: Major tax-filing websites such as H&R Block, TaxAct and TaxSlayer in the US are reportedly sending sensitive financial information to Facebook. The information received by Facebook could be used by…
- World
Criminal trial against Trump Organisation on tax fraud starts in New York
New York :The jury in the criminal trial against the Trump Organisation started to hear opening statements on a 15-year tax fraud scheme from the plaintiff and the defendant in the Supreme…
