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individuals in business News

Indonesia Extends E-Filing Deadline For Individual Taxpayers

by Mary Swire,, Hong Kong

Monday, April 4, 2016

Indonesia's Ministry of Finance has said late-filing penalties will not apply for a month after the individual tax filing deadline. Read Full Story


Pakistan Eyeing More Tax Collections

by Mary Swire,, Hong Kong

Tuesday, March 8, 2016

Pakistan is continuously trying to increase the efficiency and effectiveness of the revenue collection process, Finance Minister Muhammad Ishaq Dar said. Read Full Story


India Looking To Improve Taxpayer Services

by Mary Swire,, Hong Kong

Monday, March 7, 2016

India's Central Board of Direct Taxes has carved out a dedicated structure aimed at improving the delivery and monitoring of taxpayer services in the Income Tax Department. Read Full Story


Indian Budget To Remove Tax Complexity, Certain Tax Breaks

by Mary Swire,, Hong Kong

Tuesday, February 23, 2016

India's upcoming Budget, which is due to be released on February 29, will look to support growth, employment, and provide a level playing field for Indian domestic manufacturers, Revenue Secretary Hasmukh Adhia said. Read Full Story


Singaporeans Surveyed On Budget Hopes

by Mary Swire,, Hong Kong

Monday, January 25, 2016

30 percent of Singaporean households said in a recent survey that the Government should prioritize tax breaks in the 2016 Budget. Read Full Story


US Pass-Throughs Pay Lower Taxes: Report

by Mike Godfrey,, Washington

Monday, September 28, 2015

A new report has pointed out that US "pass-through" entities, including partnerships, whose income is taxed at their owners' individual income tax rates, paid an average tax rate of only 19 percent in 2011, compared with almost 32 percent paid by companies subject to corporate tax. Read Full Story


IRS Reminds Firms Of Transaction Disclosure Rules

by Mike Godfrey,, Washington

Tuesday, May 26, 2015

The US Internal Revenue Service has reminded businesses in US territories, including individuals who are sole proprietors, that they must report cash transactions of more than USD10,000 received in a trade or business. Read Full Story


Uganda Rejigs Tax Rates In 2014/15 Budget

by Lorys Charalambous,, Cyprus

Friday, June 20, 2014

Ugandan Finance Minister Maria Kiwanuka has presented the Budget for 2014/15, which includes measures to raise revenues, to enhance transparency in the field of tax administration and enforcement, boost compliance rates, and encourage investment. Read Full Story


Italian 2012 Tax Returns Suggest Compliance Gap

by Ulrika Lomas,, Brussels

Tuesday, April 1, 2014

The Ministry of the Economy and Finances has published its latest statistics on tax returns from Italian taxpayers, which show that, on average, Italians declared income of just EUR19,750 (USD27,200) in the 2012 fiscal year. Read Full Story


Hong Kong Reminds Taxpayers Of Their Obligations

by Mary Swire,, Hong Kong

Monday, May 27, 2013

The Inland Revenue Department has drawn the attention of both individual taxpayers and employers to certain of their obligations under Hong Kong's tax code. Read Full Story



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