HUNDREDS of thousands of savers are set to be hit with a surprise tax bill this spring as HM Revenue & Customs (HMRC) is ...

An internal committee of India's Income Tax Department, guided by suggestions for simplification and structural improvement, is paving the way for a new tax law. The proposed changes, inspired by ...

Finance Minister Nirmala Sitharaman is set to introduce a new Income Tax Bill aimed at simplifying the six-decade-old tax ...

The sheer scale and sweep of the announcement to enhance the threshold tax exemption limit from 7 lakh to 12 lakh is the ...

No tax for those earning Rs 12 lakh annually. Finance Minister Nirmala Sitharaman’s Union Budget has come as a blessing to the middle class. We talk about taxes, tariffs and the Kumbh Mela tragedy in ...

A new Income Tax bill will soon replace the outdated 1961 act. Finance Minister Nirmala Sitharaman announced this during her 2025-26 Budget speech, emphasizing a 'trust first, scrutinize later' ...

During the presentation of the Union Budget 2025, Finance Minister Nirmala Sitharaman announced that a new income tax bill—a ...

The government is set to overhaul India's tax system with the introduction of the Direct Tax Code (DTC), aimed at simplifying compliance, reducing ambiguities, and boosting digital integration. While ...

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and ...

Dividends distributed to Non-U.S. Shareholders may have been withheld to pay U.S. federal income tax. Non-U.S. Shareholders should contact their tax advisor with any questions regarding this ...

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

The code of conduct group has re-elected María José Garde (Spain) as its chair, for a second term of two years starting on 5 February 2025. María José Garde has chaired this Council preparatory body ...