Malaysians to Gain from Budget 2027 Tax Relief and Lower Rates
Budget 2027 proposes raising Malaysia’s basic individual tax relief to RM12,000 and reducing rates in two income bands. Expanded deductions and other...
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Answers from VisaVerge guidesWhere Indian-Origin U.S. Residents Invest Abroad in 2025: Tax and Trends
U.S. tax residents of Indian origin must report all global income, including rental earnings and capital gains from abroad. Failure to disclose foreign bank accounts (FBAR) or investments in foreign mutual funds (PFIC) can lead to significant penalties. This article outlines the specific forms and deadlines required for 2026 tax filings regarding assets in India, Dubai, and beyond.
Read: Where Indian-Origin U.S. Residents Invest Abroad in 2025: Tax and TrendsWhat Immigrants Should Know About Black Friday Taxes in 2025
The Nov. 28–Dec. 1 holiday shopping period brings immigrants face-to-face with U.S. sales tax—commonly 6%–10%. Refunds are rare; online sales are taxed by delivery address. Save receipts for business deductions and verify local rates and return rules before major purchases.
Read: What Immigrants Should Know About Black Friday Taxes in 2025What are the practical implications for H-1B/F-1 visa holders and green-card applicants due to the OBBBA remittance tax?
The tax means increased costs, extra paperwork, delays, and uncertainty in financial planning for these individuals.
Read: Impact of OBBBA Remittance Tax on Green-Card and Visa HoldersHow do India, Canada, and the U.S. plan to enforce tax residency rules in 2025?
India, Canada, and the U.S. will tighten cross-border tax enforcement coordination in 2025, increasing automated notices for those who fail to file departure/exit returns.
Read: Indian Tax Residency 2025: 182/60-Day Rules and Update ImplicationsWhat is the first tax question L-1 Visa holders need to determine for 2026?
L-1 Visa holders need to determine whether they are a U.S. tax resident or a nonresident for 2026.
Read: Tax Filing Guide for L-1 Visa Holders in 2026: Residency and Forms
Will Universities Pass Proposed $70,000 OPT Fee to F-1 Students Seeking STEM OPT Extension?
The Department of Homeland Security’s proposal would let universities shift some or all of a new OPT charge…
Proposed OPT Fee Could Cost $100,000 for Students at Any SEVP-Certified School Under New DHS Rule
A DHS proposal would charge SEVP-certified schools $70,000 for a student’s first OPT recommendation and $30,000 for a…
Greg Gianforte Pushes 4.7% Rate as Montana Legislature Weighs Tax Plan
Gianforte is asking Montana lawmakers to adopt a 4.7% flat income-tax rate in place of the current two…
Anwar Ibrahim Unveils 2027 Budget with Income-Tax Relief and Higher Wage Floors
Malaysia’s proposed RM459.8 billion 2027 budget combines tax relief, wage increases and expanded assistance. Individual tax relief would…
Greece Proposes 10% Personal Tax on Crypto Gains with €500 Exemption
Greece has proposed a 10% tax on individual crypto gains exceeding a €500 annual exemption. The draft would…
Supreme Court Rules GRD Powder Qualifies for 8% Tax Rate Based on Form at Sale
India’s Supreme Court ruled that Cadila Health Care’s GRD Powder and GRD Mix should be classified by their…
Income Tax Searches Hit Ramayana Producer Prime Focus Offices as Shares Fall 8%
The Income Tax Department searched Prime Focus Limited’s Mumbai offices on October 7, 2026, reportedly examining overseas transfers.…
Trump Order Grants Emergency Tax Relief on Diesel Fuel by Waiving Federal Highway Diesel Excise Tax for Red-Dyed Diesel
An order signed October 5, 2026, permits red-dyed diesel on public highways through December 31 and postpones federal…
Update: $70,000 OPT Fee Is Now a Formal DHS Proposal, Not Yet in Effect
DHS published the OPT fee proposal on October 8, 2026: $70,000 for a first OPT recommendation and $30,000…