Tax Archive

Hands down, ELSS is one of the best tax-saving options available to young investors, given its transparency, low-cost nature, and ease of investing. At Finbingo, we believe that knowledge is power. As an informed investor, we want to empower you with the proper knowledge to make better

India’s software exporters may lose their competitive edge on falling incentives and rising tax rates, industry executives said, and urged the government to extend the policy benefits of Special Economic Zones (SEZ) beyond April 2020, reduce corporate taxes for large companies and review the buyback tax introduced in the Budget. The top 150 companies contribute

Uganda will review a tax on the use of social media, the prime minister said on Wednesday, after a protest against the controversial measure was broken up by police firing live rounds and tear gas into the air. Prime minister Ruhakana Rugunda told parliament that President Yoweri

This tax will certainly affect our profession as public relations practitioners if several users fail to access social media due to failure to pay the tax. It also has a ripple effect on access to information, which is a human right; affects the speed and quality of

As predicted by ICT experts, Ugandans have found virtual private networks (VPN) the ‘ultimate solution’ to bypass paying the Shs 200 daily excise duty charge on Over-The-Top (OTT) services. The tax, christened ‘social media tax’ affects social media platforms such as Facebook, WhatsApp, LinkedIn, Instagram, Viber, Skype

Rajpal Singh, the director of an online shopping website Gadgets Guru, was arrested on Saturday for allegedly evading service tax and Goods and Service Tax (GST). As per GST officials, he evaded service tax of Rs 3.06 crore and GST of Rs 578 crore. Rajpal Singh has been sent to judicial custody till April 24. Gadgets

(Photo by George Frey/Getty Images) Is bitcoin in the IRS cross hairs? Users of bitcoin seem to be. In IRS Notice 2014-21, the IRS announced that bitcoin and other digital currency is actually property for tax purposes, not currency. That in itself has some big tax consequences. For example:

A global cyber-attack that affected companies around the world may have started via corrupted updates on a piece of accountancy software. Fingers are increasingly pointing to a piece of Ukrainian tax-filing software, MEDoc, as the source of the infection, although the company denies it. Malware generally infiltrates

Officials believe public outcry over Panama Papers has given fresh impetus to a crackdown on all tax avoidance Valdis Dombrovskis, European commission vice-president for the euro and social dialogue, argues that tax transparency has ‘rocketed up the agenda’. Photograph: Emmanuel Dunand/AFP/Getty Images Tax avoidance by multinational corporations

The U.S. Senate on Thursday passed legislation placing a permanent ban on states’ taxing Internet access, sending the measure to President Barack Obama for signing into law. By a vote of 75-20, the Senate gave final approval to a bill toughening enforcement of U.S. duties on foreign