Ministry of Finance Defers Personal Income Tax on Gold Bar Transfers
Vietnam denies a 0.1% gold transfer tax starting July 1, 2026. Collection is deferred until new government decrees…
Late Payroll-Tax Deposits Cost More as IRS Interest Rate Rises to 7%
The IRS increased the underpayment interest rate to 7% for Q3 2026, raising the cost for employers with…
Equalising Capital Gains Tax with Income Tax Would Cost Treasury £7.8bn
UK Capital Gains Tax alignment with Income Tax could cost the Treasury £7.8 billion annually due to investor…
PP’s Borja Sémper Proposes €3.2 Billion Tax Relief Package to Ease Spanish Tax Burden
Partido Popular proposes €3.2 billion in tax relief via IRPF bracket adjustments and zero VAT for small freelancers…
IRS Takes 20 Months to Resolve Identity Theft Cases, National Taxpayer Advocate Pledges Reform
IRS identity theft victims face a 20-month backlog in 2026, stalling 500,000 cases and blocking vital tax transcripts…
Income Tax Act 2025: No Need to Reapply for PAN; Existing Numbers Remain Valid, Says Central Board of Direct Taxes
India's CBDT confirms existing PAN cards remain valid under the Income Tax Act 2025, though new applicants must…
NRI ITR Filing for AY 2026-27: Claim DTAA Relief, Understand NRO/NRE Account Rules
NRIs must file ITR for AY 2026-27 by July 31. Key steps include verifying residential status, choosing the…
Virginia Challenges Trump’s IRS Settlement, Proposes Anti-Weaponization Fund with Jay Jones
Virginia challenges a 2026 IRS settlement, arguing it grants unconstitutional immunity while a related $1.8 billion fund remains…
Income Tax Department Cancels 12A Registration of Azam Khan’s Jauhar Trust Over ₹450 Crore Irregularities
India's Income Tax Department cancelled Azam Khan's trust registration over 450 crore rupee irregularities, ending its tax-exempt status…
Labor and Greens Strike Deal on Capital Gains Tax Overhaul
Labor and the Greens struck a deal on June 23, 2026, to overhaul Australian capital gains tax with…
Labor Relents on Widow Tax at 11th Hour as Bill Passes with David Pocock Support
Australia passes Labor tax reforms but drops the 'widow tax' on June 25, 2026, maintaining existing property rules…
Income Tax Department Flags Swapped Deduction Claims; 20,000 HRA Cases Under Scrutiny
India flags 20,000 tax returns for deduction swapping in June 2026; US-based taxpayers face potential dual-country filing adjustments…
IRS 2026 Filing Sees Automation Gains but Identity Theft Backlog Swells to 20 Months, Watchdog Says
The IRS 2026 season saw successful automation but severe human support delays, with identity theft backlogs hitting 20…
Burnham’s Plan to Replace Green Levies with Capital Gains Tax Reforms
Andy Burnham’s team proposes shifting green levies from energy bills to targeted capital gains taxes to lower household…