The Union government's net direct tax collection grew 15.4 percent on year to Rs 12.1 lakh crore rupees ($143 billion) during the period April 1-November 10, according to a statement. Direct taxes ...

ISLAMABAD: The Federal Board of Revenue (FBR) has claimed that the share of withholding taxes stood at 60 percent in the overall direct taxes collection during 2023-24. The FBR’s report on 2023 ...

On September 12, 2024, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued long-awaited ...

You may be able to file your taxes directly with the IRS using the agency's new Direct File program. The program is available to taxpayers who lived in the following states in tax year 2024 ...

Previous IMF research has shown that countries have ample potential to raise more domestic tax revenue if they need it—up to 5 percentage points of GDP over two decades. Of course, the political ...

xavierarnau / GettyImages If you own a home, you’re likely familiar with real estate taxes and may even call them "property taxes." Many people don't realize that these two taxes aren't identical.

Want an idea of how much tax you paid—or will be paying—for 2024? Here are the federal and provincial tax brackets to help you prepare for tax season. As the year winds down, you may be ...

Farmers are threatening to block 'every port in Britain' as fury continues to grow over Rachel Reeves' inheritance tax raid. Discussions are also being held to withhold livestock in a bid to ...

These earnings were already taxable so this is not a change in tax law, but rather just a reporting change. In order to report these earnings and transactions, you'll need to file Form 1099-K.

Most married couples file a joint income tax return. But there are some cases in which choosing the married filing separately option may be better. There are several tax breaks that married ...

Taxes are paid to either the state or central government, depending on the type. The Indian taxation system is divided into two main categories: direct tax and indirect tax. As responsible citizens, ...