SEVERAL jurisdictions since 2024 have either enacted the Pillar Two rules, which set a global minimum corporate tax rate (GMCTR) of 15 percent, or announced legislation for it. This points to a shift ...

More than a year has passed since the Philippines became part of the OECD BEPS Inclusive Framework. While the tax authorities here had issued several transfer pricing regulations prior to this, at ...

The governor and Republican leaders say Oklahomans will benefit from increased funding for education, legislation to benefit ...

MANILA, Philippines — It’s “more likely” that the Philippines would hit the elusive upper middle income status in 2027 rather than next year, as the local economy would not be spared from ...

Republican Gov. Greg Gianforte signed an income tax cut bill into law while he was flanked by three dozen Republican legislators on the Capitol steps Monday. The governor said the legislation ...

While the note doesn’t explicitly rule out a tax hike on the wealthy, Gingrich interpreted it that way. “The president’s comments indicate that the idea of raising the income tax is dead ...

Malinuca reiterated that all Filipino citizens earning income—whether within or outside the Philippines—are required to file their Income Tax Returns. This also includes domestic corporations, ...

2. Zero tax on income up to Rs 12 lakh - Rs 12.75 lakh for salaried individualsWith changes in the new income tax regime, individuals earning a taxable income up to Rs 12 lakh will now have to pay ...

Monday, March 31, is a national holiday on account of Eid, but for those who have to correct errors/omissions in the Income Tax Return filed for Assessment Year 2022-23 (Fiscal Year 2021-22), it ...

Owning a car is an aspirational dream for many Filipinos. It represents more than a mode of transportation and is a symbol of financial stability and higher income.

Additionally, formulas and tables have been incorporated to improve comprehensibility and readability for all stakeholders. The Income Tax Bill 2025 maintains continuity and stability in the ...