European Union finance ministers Tuesday approved an update to the bloc’s value-added tax rules that will start a transition to electronic declarations for certain exemptions.

The Council formally adopted today new rules aimed at replacing the current paper certificates used to declare exemptions from the EU’s value added tax (VAT) with a new electronic form.

The Kenya Revenue Authority (KRA) has announced the implementation of Legal Notice No. 105 of 2024, which introduces new ...

A block of historic buildings will be covered under a tax-exempt zone for specific development projects after a unanimous vote by the Kalamazoo City Commission Monday night.

Supreme Court held that State Government while applying amendment of Section 8 (5) of the Central Sales Tax Act by the Finance Act, 2002 was not justified in taking away right accrued to assessee ...

Supreme Court held that State Government while applying amendment of Section 8 (5) of the Central Sales Tax Act by the Finance Act, 2002 was not justified in taking away right accrued to assessee ...

The Daughters of the American Revolution denied a motion by local members to restrict biological males who identify as transgender from joining its ranks.

So, presumptive tax has been practically operational in Nigeria, even though the methods in use have not been clearly specified in the relevant tax law. It is important that the draft­ers of the Tax ...

Snell & Wilmer’s Sarah Hibbard says many startups will need to comply with the CTA but that founders may struggle to prepare and file timely accurate reports.

Foreign currency deposit accounts are not subject to estate tax, the Supreme Court (SC) has ruled. In a decision, the SC First Division upheld the claim for an estate tax refund filed by the estate of ...

Over the last 5 years, the basic exemption limit under the new regime was increased from Rs 2,50,000 to Rs 3,00,000 only. However, to promote the new scheme as the default scheme a tax rebate was ...

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