December 10, 2021
Taxation
Commission Applauds ECOFIN: New VAT Rate For The EU
The Commission welcomed the decision achieved by EU Finance Ministers at the ECOFIN Council meeting in Brussels on December 7, 2021, to revise the present rules controlling VAT rates for goods and services.
December 10, 2021
Taxation
2022 Budget: Tax Advantages on Home Loan Principal and Interest
The deduction ceiling under Section 80C was last increased in 2014 (to Rs 1.5 lakh per year), and an upward modification has been long overdue.
December 6, 2021
Taxation
Hungary and Estonia Halt EU Business Tax Code Revision
According to EU Commissioner Paolo Gentiloni, experts at the EU Council are finalizing a reform of the 1997 Code of Conduct for Member States to prohibit damaging national business tax practices, but Hungary and Estonia are stalling the accord.
December 2, 2021
Taxation
Important Changes For 2021 Tax Season To Be Aware Of
Another year of dealing with the coronavirus has resulted in major modifications to the tax season for 2021.
November 12, 2021
Taxation
The IRS Says It’s Raising Tax Brackets Due to Rising Inflation
The income limits for federal tax rates will be higher in 2022, according to the IRS, due to the quicker rate of inflation. With the top tax rate poised to remain at 37%, a married couple will need to earn nearly $20,000 more next year to enter the top tax bracket.
November 11, 2021
Taxation
IRS: One more chance to obtain a surprise tax refund this year
The IRS has handed out billions of dollars in tax refunds to Americans who didn’t expect to get money back since May. People whose 2020 tax bills were cut after they’d already paid them received direct transfers and printed cheques.
November 11, 2021
Taxation
What is the hypocritical global min. tax and how does it affect you?
By endorsing a worldwide minimum tax rate of 15% on enormous multinational earnings, the leaders of the world’s largest economies accomplished a pact that has subsequently gathered traction and pledges from leaders in 136 countries.
