tax

Canada’s tax on Netflix and other foreign digital services companies may be a major irritant for the U.S. tech sector, but Prime Minister Justin Trudeau says it doesn’t seem to be much concern to President Joe Biden. In a year-end…

NEW YORK - Shohei Ohtani will receive just US$20 million of his $700 million contract with the Los Angeles Dodgers over the next 10 years, with $680 million payable from 2034-43 in an unusual structure that…

A representational image. — CanvaISLAMABAD: The Islamabad High Court (IHC) on Wednesday stayed the government’s decision to levy a windfall tax from banks for the revenues generated through foreign exchange transactions, a move that…

Pop star Shakira has reached a deal with tax authorities in Spain, avoiding a 14.5m euro trial on the morning it was due to begin.The Colombian pop star attended court on Monday and agreed to pay a fine of 7m euros (£6.1m).…

<!-- -->The growth rate for corporate income tax (CIT) is 7.13 per cent, while that for PIT is 28.29 per cent.New Delhi: Net direct tax collection swelled 22 per cent so far this fiscal year to Rs 10.60 lakh crore, crossing 58 per…

The richest people in Canada got a lot richer in 2021, even as the poorest half of all tax filers saw their incomes decline by $1,400.That's one of the main takeaways of a new data analysis released by Statistics Canada on Friday looking at…

Shipping activity can be seen at Port Qasim, Karachi. — APP/FileAmid dire economic circumstances, Pakistan is also losing Rs8 trillion each year in tax loss due to rampant illicit trade which is further exacerbating the country's…

The Income Tax Department announced a “record-breaking” number of over 7.85 crore Income Tax Returns (ITRs) filed by the deadline of October 31. Income tax returns In the fiscal year 2023-24, a total of 7.85 crore ITRs have been…

The Union government’s finances witnessed significant improvement in August after a stressful first four months of the current fiscal year. India’s gross tax revenue, comprising both direct and indirect taxes, for the first five months of…

The GST Council on Saturday clarified that guarantees provided by corporate to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company. The council,…