Government to Unveil €1.5 Billion Tax Relief Package with Income Tax Cuts for 2027
Ireland proposes a €1.5 billion tax relief package for 2026, targeting income tax cuts and a higher 40%…
Property Transaction Revenue Surges to Record High Ahead of Capital Gains Tax Increase
Nepal records Rs 60.74 billion in property revenue for 2025-26 as a record 10,968 transactions were finalized on…
Thailand on Alert as US Shifts Trade War to Section 301, Forced Labor, and Structural Excess Capacity
Thailand faces two U.S. Section 301 probes on labor and capacity issues, with new tariffs potentially reaching 12.5%…
India–UK Free Trade Agreement to Grant Duty-Free Access, Boosting Bilateral Trade
The India-UK Free Trade Agreement took effect July 15, 2026, granting 99% duty-free access for Indian goods and…
Retailers Rush Imports to Avoid Trump Tariffs: 25% on Brazil, 10% Global Section 122
U.S. retailers rush imports ahead of July 2026 tariff deadlines, driving port volumes to a record 2.47 million…
Jersey Chases £278m in Unpaid Tax, Offers Interest-Free Instalments for 2019 Debtors
Jersey residents have until September 30, 2026, to choose how to repay £278m in 2019 tax debt, with…
New Income Tax Act, 2025 in Effect but ITR Filing Still Under 1961 Law, Says CBDT
Taxpayers filing by July 31, 2026, must use the Income Tax Act 1961 for FY 2025-26 income, as…
Federal Court Invalidates IRS GILTI Rule, Aiding Keysight’s Refund Case and Impacting Abbott Labs
Federal court invalidates IRS GILTI 'disqualified basis rule,' aiding Keysight's $108M refund claim and impacting Abbott Laboratories' 2026…
UK Defi Crypto Tax Relief No Gain No Loss Rule from April 6, 2027
UK to defer DeFi Capital Gains Tax from April 2027, treating protocol deposits as 'no gain, no loss'…
World Cup Winner to Earn $50 Million, IRS Gets a Cut of the Prize
The 2026 tournament winner earns $50 million, but the IRS will tax a significant portion based on U.S.…
State Tax Service Imposes 15% Royalty Tax Retrospectively on Airlines for 7-Year Aircraft Leasing
Ukraine's 15% retroactive royalty tax on aircraft leases triggers criminal cases and bankruptcy fears for major airlines including…
Capital Gains Tax and Share Buybacks to Shift from April 1, 2026
India maintains listed-share tax rates at 12.5% and 20% for FY 2026-27 while shifting buyback taxation to capital…
Personal Allowance Freeze Pushes 10 Million Over-65s Into Tax as Higher-Rate Threshold Stays Flat
A record 10.2 million UK pensioners face income tax in 2026/27 as frozen thresholds and rising pensions create…
N.J. Launches New Portal for Refundable Child Tax Credit as Inflation Hits Families
NJ Gov. Sherrill launches a new portal for an expanded $1,250 Child Tax Credit for 2026, targeting lower-income…