New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

President Donald Trump signed a presidential memorandum on Thursday initiating a new reciprocal tariff system. This policy ...

Value-added taxes are common in Europe; President Trump calls them unfair.

THE Bureau of Internal Revenue (BIR) last Jan. 16 issued Revenue Regulations (RR) 3-2025 implementing provisions of Republic ...

The Jerk Yard Limited operated mobile food stands at festivals. While preparing the accounts in October 2022, its accountant ...

David Kindness is a Certified Public Accountant (CPA) and tax expert: “Creating a VAT invoice isn’t complicated once you know ...

The generation-skipping trust tax exclusion is the same as the gift and estate tax lifetime exemption: $13.99 million for single taxpayers in tax year 2025 or $27.98 million for couples filing ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Yarilet ...

The proposals included a maximum 2.99 per cent increase in Council Tax, meaning a Band D property’s tax bill would be £192.15, or £5.58 higher than current levels. If approved, Council Tax ...

Private schools have been forced to charge VAT on school lunches despite Labour promising they would be exempt from the tax raid. The Government said in July that school meals were “integral to ...

From 1 January this year, private school fees have been charged VAT at the standard rate of 20 per cent - removing the tax exemption that used to apply. It is estimated extending VAT to private ...

"The needs of these children and families would otherwise not be served in the state sector in our area," she said, adding that the school "has no ability to absorb the cost of VAT", meaning that it ...