Eligible electric and plug-in vehicle buyers will get US tax credits immediately in 2024
A DC fast charging station manufactured by Sumitomo Electric works at Fully Charged Live, an electric vehicle, renewable and clean energy and urban mobility…
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Tax
Delta Corp tanks 15%, hits 52-week low on tax notice of Rs 16,822 crore
Shares of Delta Corp were locked in the temporary lower circuit of 15 per cent at Rs 149.10, hitting a 52-week low on the National Stock Exchange (NSE) on Monday at 09:41 AM, after the company said received a tax notice totaling of Rs…
Here’s what tax pros recommend after the IRS halts processing for small business tax credit
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023.Kevin Lamarque | ReutersAs the IRS pauses on processing new claims for a pandemic-era small business tax break, some filers are in limbo as…
Lawmakers weigh tax rule ‘backslide’ for Venmo, PayPal users, says analyst. What it…
As the year-end approaches, there's been debate around tax reporting for business transactions on payment apps such as Venmo and PayPal, along with e-commerce companies, such as eBay, Etsy and Poshmark.Some lawmakers are pushing to increase…
Ukraine Reinstates 18% Online Casino Turnover Tax
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Affordability is currently the word on everyone’s lips. Operators continue to face a ‘sustainability conundrum’ – they must fulfil their regulatory obligations and commitments to player protection,…
PwC scandal prompts government crackdown on tax adviser conduct
Under the latest reforms, there will be bigger penalties against tax agents and those who advise clients to avoid Australian tax laws using confidential government information.“The current tax promoter penalty laws have remained largely…
GST Council sticks to its guns, imposes 28% tax on online gaming
Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi, on August 2, 2023.
| Photo Credit: PTI…
SA budget deficit target at risk as wages rise, tax receipts fall
South Africa will overshoot its budget deficit target this year due to higher spending on public wages and an expected dip in tax receipts amid sluggish economic growth and lower commodity prices, economists told Reuters.
The National…
House lawmakers scrutinize pandemic-era small business tax break expert calls ‘fraught with…
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023.Kevin Lamarque | ReutersScrutiny of a pandemic-era tax credit intensified this week as lawmakers, the IRS and tax professionals sought…
ITR filing: 58.3 million tax returns filed for FY2022-23 till July 30
The last date for filing income tax returns for the previous year by salaried class and those who do not have to get their accounts audited is July 31.
As many as 5.83 crore tax returns have been filed for income earned in 2022-23…