Schedule FA, Assessment Year 2026-27: Report Foreign Shares, Bank Accounts and Restricted Stock Units
Indian residents must report 2025 calendar-year foreign assets in Schedule FA for AY 2026-27 to avoid 10 lakh…
UAE Federal Tax Authority Sets AED 375,000 as Mandatory VAT Registration Threshold for Businesses
UAE VAT registration is mandatory at 375,000 AED and voluntary at 187,500 AED. Businesses must apply via EmaraTax…
UAE Natural Person Corporate Tax Registration: FTA Rules for Freelancers and Consultants
Natural persons in the UAE must register for Corporate Tax once business turnover exceeds AED 1 million. Salary…
New Zealand Visitor Visa Now Allows Remote Work: Digital Nomads Gain Tax Exemption
New Zealand allows remote work for overseas employers on visitor visas, with tax exemptions starting April 2026 for…
Medicare Levy Exemption for Foreign Residents: Temporary Visa Holders Should Check Eligibility
Temporary visa holders in Australia can claim Medicare levy exemptions for 2026 by obtaining a Medicare Entitlement Statement…
TIGTA: IRS Missed Hiring Goals for 2026 Tax Season, Impacting Service
The IRS faces a 58% hiring shortfall and 2.4 million backlogged items in 2026, leading to significant delays…
Ulster County for Fair Taxes Act Advances Through Ways and Means Committee
Ulster County advances an 18.75% tax surcharge for high earners. The measure targets income over $250,000 but awaits…
HMRC Claws Back £266M from Capital Gains Tax Investigations
HMRC recovers £266 million in capital gains tax. U.S. expats and U.K. residents must manage dual reporting and…
Karnataka High Court Hears Same-Sex Couple’s Challenge to Section 56(2)(x) Gift Tax Exemption for Spouses
A Karnataka High Court case is challenging Section 56(2)(x) of India’s Income Tax Act after a same-sex couple…
IRS to Automatically Grant First-Time Penalty Relief Under New AEP Program
The IRS AEP program automatically waives first-time tax penalties for compliant taxpayers, aiding naturalization applicants in proving Good…
Transitional Tax Residents Get Four-Year Foreign Income Relief from Inland Revenue Department
New Zealand offers a 4-year tax exemption on foreign passive income for new migrants and returning residents who…
International Students Must Apply for a Tax File Number with the Australian Taxation Office After Arrival
Essential 2026 guide for Australian international students on applying for a TFN, managing 48-hour work limits, tax residency,…
India to Add Foreign Account Data to AIS Form 168 Under AEOI: Key for Nris
India's CBDT mandates uploading foreign financial data into taxpayer AIS Form 168 within 90 days, impacting residents and…
Claiming Your COVID Tax Refund: Step-By-Step Guide Before the July 10 Deadline
Taxpayers must file IRS Form 843 by July 10, 2026, to claim refunds for COVID-era penalties. Online filing…