On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face ...

Amid tight fiscal space for public spending, the government has tripled the number of projects included in the list of ...

Hence, for example, Income of a non-resident from operation of ships is taxable @ 7.5 percent of the gross receipts under Section 44BB of the Act, therefore, TDS is required on the income element i.e.

The Senate Standing Committee on Finance and Revenue, chaired by Senator Saleem Mandviwalla, has approved the Income Tax (Second Amendment) Bill 2025.The Committee focused on the withdrawal of tax ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

Tax breaks on overtime pay and tipped earnings passed the House on May 22, 2025, as part of the “One Big Beautiful Bill Act” (H.R. 1). The ...

As Australians rush to get their tax returns filed, many are missing deductions that could be worth more than $500 — and the tax office has warned workers to stop claiming private expenses as ...

From Diet Cokes to whether dating site subscriptions are tax-deductible, here are 10 of the most “interesting” questions ...

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

The House of Representatives passed President Donald Trump's "Big, Beautiful Bill," which proposes no taxes on tips and ...

Five weeks until the end of the financial year means it’s action stations if you want to make any moves to minimise your tax.