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The government has introduced sweeping amendments to the Finance Bill 2026, removing the proposed Sh10-per-kilogram levy on locally produced sugar, reducing excise duty on imported...
Rate cuts for 550,000 middle-income earners as IMF sets ceiling on budget
Finance Minister Khamis Mussa Omar has indicated that the 2026/27 national Budget will include targeted tax relief measures alongside reforms aimed at expanding the tax base and im...
If your business is developing new products, processes or services or improving existing ones through technological or scientific advancement, you could be entitled to valuable R&a...
Under the new system, eligible taxpayers will no longer have to request penalty relief that the IRS says is routinely granted.
Govt withholds tax relief cost as Rs360b tag emerges
The Federal Government’s reform package provides for lower taxes and a reduction in red tape. The package is praised by associations and criticised by the opposition and trade unio...
New businesses, farmers, manufacturers, airlines and investors are among the main beneficiaries of Tanzania’s 2026/27 Budget after the government introduced a package of tax exempt...
A new IRS change could make penalty relief less of a paperwork chase for some taxpayers.The Internal Revenue Service announced on Wednesday, July 8, that it is introducing an Autom...
Political Party Donation Disallowance Under Section 80GGC: Big Relief from ITAT Ahmedabad for Taxpayers Political donations claimed as deduction under Section 80GGC of the Income...
Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated retur...
Ruto revealed that he had already directed the national treasury to come up with a proposal to remove taxes from all low income earners in the country.
A new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and paying their taxes on time.
The employer NPS contribution is one of the few deductions left under the new tax regime. Learn who can claim the 14 per cent benefit and how it works.
Ah, I understand. You receive a tax credit say 65€ not a reduction in your taxable income of 100€ which is then taxed at your marginal income, say 30% so the tax credit is greater...
A retired ONGC employee’s ₹19.06 lakh leave encashment claim was reduced to ₹3 lakh by the tax department. ITAT Chennai has now ruled in his favour.
If one’s income is over the “free” threshold, there is another helping-hand available. According to one’s marital situation, on low income the tax applicable is discounted up to a...
With inflation still squeezing household budgets, surprise tax rebates and relief checks are becoming one of the most talked-about financial stories of 2026. Several states...
The IRS's new automatic penalty waiver could reach 1.5 million taxpayers a year, seven times more than the old manual process.
An expert has reminded savers of current rules that enable them to pass on some money to their children.
HMRC tax code changes 2026 strip employment expenses and Gift Aid relief from PAYE codes from April. Check your code now to see if you’re owed a refund. The post HMRC tax code chan...
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