The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate ...

In conclusion, Uganda’s introduction of PE rules marks a proactive approach to ensuring fair taxation of economic activities within its borders. As Uganda continues to align its tax laws with global ...

Unlike Roth IRAs, there are no income limits on Roth 401 (k)s. You can contribute to the account no matter how much you earn.

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

The Supplement is based on income and is available to Old Age Security pensioners with low income. It is not taxable. In many cases, we will let you know by letter when you could start receiving the ...

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that ...