Tax Revenues
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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
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Income Tax Was Introduced On This Day: Celebrating India's Fiscal Milestone
This day marks a significant milestone in India's fiscal history, laying the groundwork for the country's tax system.
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Crypto Tax Evaders in Malaysia See Clampdown, Get Warning From Authorities
The Malaysian federal agency Inland Revenue Board (IRB) reportedly conducted raids at multiple locations having identified firms that were not said to not be reporting their crypto-related engagements. The authorities in the country are trying to curb cases of tax evasion overall.
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Palestinian Public Sector Salaries Squeezed As Israel Withholds Tax Revenue
The Palestinian Authority said on Sunday the Israeli finance ministry was continuing to withhold tax revenues and as a result only a part of public sector salaries would be paid this week, keeping up a squeeze on payrolls that has lasted for months.
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Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
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Finance Minister Explains How GST Benefitted People Through Pro-Poor Approach
Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.
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GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
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Infosys Receives Rs 341 Crore Tax Demand For Assessment Year 2020-21
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order.
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Billionaire Businessmen Arrested In Multi-Crore GST Fraud Case In Noida
In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.
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BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
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Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
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Man Who Leaked Trump's Tax Returns Sentenced To 5 Years
A former Internal Revenue Service (IRS) contractor who leaked former US president Donald Trump's tax returns to the media was sentenced to five years in prison on Monday.
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Woman Takes Revenge On Cheating Boyfriend By Reporting Him For Unpaid Taxes
The TikTok video where Ava Louise shared her story has amassed more than 3.8 million views.
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Cabinet Approves Terms Of Reference For 16th Finance Commission
The government has approved the 'Terms of Reference' for the 16 Finance Commission, which makes recommendations on sharing of tax revenues between the Centre and states.
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Microsoft Fights $29 Billion US Back Tax Claim
The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday.
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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
-
Income Tax Was Introduced On This Day: Celebrating India's Fiscal Milestone
This day marks a significant milestone in India's fiscal history, laying the groundwork for the country's tax system.
-
Crypto Tax Evaders in Malaysia See Clampdown, Get Warning From Authorities
The Malaysian federal agency Inland Revenue Board (IRB) reportedly conducted raids at multiple locations having identified firms that were not said to not be reporting their crypto-related engagements. The authorities in the country are trying to curb cases of tax evasion overall.
-
Palestinian Public Sector Salaries Squeezed As Israel Withholds Tax Revenue
The Palestinian Authority said on Sunday the Israeli finance ministry was continuing to withhold tax revenues and as a result only a part of public sector salaries would be paid this week, keeping up a squeeze on payrolls that has lasted for months.
-
Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
-
Finance Minister Explains How GST Benefitted People Through Pro-Poor Approach
Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.
-
GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
-
Infosys Receives Rs 341 Crore Tax Demand For Assessment Year 2020-21
Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order.
-
Billionaire Businessmen Arrested In Multi-Crore GST Fraud Case In Noida
In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.
-
BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
-
Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
-
Man Who Leaked Trump's Tax Returns Sentenced To 5 Years
A former Internal Revenue Service (IRS) contractor who leaked former US president Donald Trump's tax returns to the media was sentenced to five years in prison on Monday.
-
Woman Takes Revenge On Cheating Boyfriend By Reporting Him For Unpaid Taxes
The TikTok video where Ava Louise shared her story has amassed more than 3.8 million views.
-
Cabinet Approves Terms Of Reference For 16th Finance Commission
The government has approved the 'Terms of Reference' for the 16 Finance Commission, which makes recommendations on sharing of tax revenues between the Centre and states.
-
Microsoft Fights $29 Billion US Back Tax Claim
The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday.
