With a higher tax-free threshold and lower rates, the new tax regime looks more appealing, but does the old regime still hold ...

The government’s move to propose a new income tax law has reignited discussions, especially since no relief was announced for taxpayers under the old regime, while the new regime saw significant ...

The CBDT has clarified that the Principal Purpose Test (PPT) will apply prospectively, ensuring that past investments under ...

Nigerian governors have expressed their support for the tax reform bills initiated by the federal government, proposing a new sharing formula for value-added tax, VAT. This is coming after meeting ...

BENIN CITY – THE Benin Zone of the Academic Staff Union of Universities (ASUU) has said that if the tax reform bill presently in the National Assembly is passed as presented by the Executive arm ...

but the new approach, if implemented, would encourage states to contribute more to the national revenue pool. He pointed out that the main intent of VAT as a consumption tax is not to deprive any ...

Spanish Prime Minister Pedro Sanchez said the “unprecedented” new tax was needed to solve the country’s housing crisis. In recent years, rents have skyrocketed in Airbnb-dominated cities ...

The future of the child tax credit and its value is now in the hands of the Republican majority in Congress, and a new expansion proposal ... per child under 6 years old and $3,000 per child ...

The opinions expressed below are Jon Keller's, not those of WBZ, CBS News or Paramount Global. WORCESTER - Massachusetts Gov. Maura Healey is touting the fact that her new plan to solve the MBTA's ...

Currently, individuals can file their ITR either under the old tax regime which offers benefit of deductions and exemptions, or under the new tax regime which offers a lower rate of taxes.

These county-level property tax hikes are a prelude to an even more dire situation in Harrisburg. State government has lived beyond its means for years. This fiscal irresponsibility reached a new ...

A large swath of New Yorkers could benefit from a major tax cut aimed at middle-class workers, but is it too good to be true? Gov. Kathy Hochul pledged a middle-class tax cut that would deliver ...