The proposed new bill is projected to have 23 chapters, 16 schedules, and approximately 536 clauses, a significant reduction ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

The Bureau of Internal Revenue launched its 2025 national tax campaign on Feb. 4, 2025 at the Philippine International Convention Center in Pasay City. BIR Commissioner Romeo Lumagui Jr. led the event ...

Lumagui Jr. announced. Lumagui's statement follows President Ferdinand Marcos Jr.'s recent warning during the BIR’s 2025 tax campaign launch, emphasizing that individuals and businesses engaged in tax ...

If you have employees who participate in a prescribed plan, deduct Canada Pension Plan (CPP) contributions, employment insurance (EI) premiums, and income tax in the following way. Deduct EI premiums ...

The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...

However, many taxpayers are confused about how much tax they will actually pay under the new tax regime announced in Budget 2025, especially if their income crosses ₹12 lakh per year.

Once the PIN is received, individuals can navigate to https://income-tax.bir.vi.gov to complete the registration process. After registration, taxpayers will be able to upload their tax returns and ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

including a staggering €140 million in salary alone. Despite the eye-watering proposal, Rodrygo has turned down the offer, and Real Madrid are equally firm in their decision not to entertain a sale.