VLCT testified repeatedly to resolve the more than $10 million (and growing) surplus in the PILOT Special Fund generated by growing Local Option Tax (LOT) revenue. By the end of fiscal year 2025, the ...

Tax experts explain that Form 10-IEA is mandatory for taxpayers with business or professional income, particularly those filing under ITR-3 or ITR-4.

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has charged the Accountant-General of the Federation, Mr. Shamseldeen Ogunjimi, to ensure prompt deduction ...

Major banks have started implementing new tax rates on interest income from deposit products following the effectivity of Republic Act 12214 or the Capital Markets Efficiency Promotion Act on ...

One of the most honest forms of taxation is the sales tax as it is a separate charge when purchasing an item, and it is easy to understand how much you are paying in taxes.

Talanta Sports City Stadium infrastructure bondholders will not pay tax on the Sh57.6 billion interest that they will earn.

A €9.4 billion tax and spending package will form the foundation of the upcoming budget, the Government said on Tuesday in its summer economic statement (SES). The Coalition warned, however, it ...

ITR Filing 2025: Received a notice after filing ITR? You can do this to avoid a penalty If you have submitted false claims to take the tax benefits, then I-T department may send you a notice.

Finance Act 2025: businesses bear brunt of tax reforms Though Act promotes digitisation and documentation, taxation still not based on principle of equity ...

What to do if you discover a mistake on a previously filed tax return (and other reasons for filing an amended tax return).

President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to ...

ITR 3: This tax return form is meant to be used by taxpayers or HUF who has income under the head ― profits or gains of business or profession and who is not eligible to file Form ITR-1 (Sahaj ...