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.…
Montana Legislature Eyes 4.7% Flat Individual Income Tax by 2027
Montana Senate GOP leaders back a 4.7% flat income tax rate for 2027, aiming to simplify the tax…
IRS Tax Guidance for Prediction Markets Remains Absent Amid Regulatory Uncertainty
The I-R-S has not yet ruled on whether prediction market profits are gambling, capital gains, or Section 1256…
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…
Section 33, Income-Tax Act, 2025 Clarifies Tax Depreciation vs Accounting from 2026-27
Section 33 clarifies the transition to new depreciation rules for the 2026-27 tax year, distinguishing between accounting books…
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…
Seven Tax Records Investors Must Keep from 2026-27: Form 168, Contract Notes, Annual Information Statement
India's 2026 tax update introduces Form 168. Investors must keep private records like contract notes and bank statements…
India’s Income-Tax Act 2025: New RNPO Compliance Rules for Charities and Overseas Donors
India's Income-tax Act 2025 mandates the RNPO framework starting April 2026, requiring 85% income application and strict documentation…
India Plans Income-Tax (amendment) Bill, 2026 to Continue G-Sec Tax Exemption for BIS and Foreign Institutions
India to introduce the Income-tax Bill 2026 on July 20 to formalize tax exemptions for foreign institutional investors…
Mortgage Demand Slumps 14% in June as Tax Changes Hit First-Home Buyers Hardest, Auction Rates Fall
Mortgage demand in Australia dropped 14% in June 2026 as tax reforms and high interest rates pushed first-home…
IRS Standard Mileage Rate for Business Use Rises to 76 Cents Per Mile on July 1, 2026
IRS increases 2026 business mileage rate to 76 cents effective July 1. Medical and moving rates also rise…
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…
Section 24 Deductions for House Property: Old vs New Tax Regime and NRI Rent TDS Explained
India updates property tax laws effective April 1, 2026. New rules impact loan interest deductions and NRI rent…