2027 State Budget May Include Personal Income Tax Cut and IRS Rate Cut
Portugal evaluates additional 2027 income tax cuts as the minority government balances its 1.5 billion euro relief pledge…
Fraser Institute: Top 20% of Earners Pay 58.3% of Total Taxes
New 2026 studies show Canadian high earners pay 58% of taxes, while Cyprus's latest tax reform grants major…
Income Tax Returns Processing Picks Up: 60% of 3.2 Crore Itrs Processed
Income Tax Dept processed 60% of verified 2026-27 returns by July 21. 94% of 3.2cr filings are verified,…
Seoul Administrative Court Rules Retirees Must Pay Income Tax on Company-Issued Coins
Seoul court rules crypto severance pay is taxable 'other income,' denying $8 million refund to former Ground1 staff…
Marcos Seeks P350,000 Income Tax Exemption in State of the Nation Address
President Marcos proposes raising the Philippines' tax-free income threshold to P350,000 in 2026 to provide relief for middle-class…
Marcos Extends Tax Relief Including Income Tax Exemption and Amnesty to Filipinos Hit by Mideast Crisis
President Marcos Jr. proposes raising the Philippines' tax exemption threshold to 350,000 pesos and allocates 60 billion pesos…
Finance Ministry: 576 Individuals Declared Rs 100 Crore or More Income, Up 4-Fold in 5 Years
India reports 576 individuals earning over Rs 100 crore in AY 2025-26, a 305% increase since 2021, as…
Mamdani Administration Initiates New Pied-À-Terre Tax Targeting 13,500 Properties
NYC begins mailing notices for the new luxury second-home surcharge. Owners of properties over $5M have 30 days…
Federal Tax Ombudsman Flags Error in FBR’s Automated Refund System
Pakistan's Tax Ombudsman orders FBR to fix a software flaw that delays export refunds when non-commercial samples are…
IRS Agents Increase Home Visits for Unpaid Taxes Amid Government Confirmation
Most tax collection visits now require a scheduled 725-B letter, though unannounced enforcement remains for seizures as federal…
CBDT Broadens ‘specified Fund’ Definition to Include SEBI and IFSCA Funds, Easing PAN Exemption
CBDT expands PAN exemptions for non-resident investors in Category I and II AIFs and IFSC funds, effective July…
UK Statutory Residence Test: 183 Days Is Not the Full Tax Rule
UK tax residence is decided by the Statutory Residence Test, not just the 183-day rule. Automatic tests, UK…
Newcomer Checklist: Confirm Your Status & Social Insurance Number After Confirmation of Permanent Residence
Essential 2026 checklist for Canada newcomers: focus on e-COPR, SIN applications, tax residency, and organizing documents for legal…
Income Tax Department Reports Shortage of 26,997 Officers to Indian Parliament
India's Income Tax Department faces 26,997 vacancies as of 2026, turning to automation and faceless assessments to manage…