New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA ...

The Department of Homeland Security has asked Treasury Secretary Scott Bessent to deputize IRS agents to help with efforts to ...

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

After surpassing its collection target for the first time in 20 years in 2024, the Bureau of Internal Revenue (BIR) aims to ...

According to experts, the new bill, which seeks to replace replace the six-decade old Income Tax Act, 1961, doesn't make any ...

The Income-Tax Act, of 1961, uses "assessment year" and "previous year" for filing returns. In the new bill, 2025, the tax ...

THE Bureau of Internal Revenue (BIR) launched a campaign that aims to help taxpayers understand their tax obligations to encourage voluntary compliance.In a sta ...

The proposed Income Tax Bill, 2025 aims to replace the existing Income-tax Act, 1961, with clearer language and structure. It introduces the 'tax year' concept and consolidates sections to improve ...

The deadline for filing income tax is a critical factor in tax compliance for all taxpayers. Presently, there are varying ...

MIAMI, Feb. 6, 2025 /PRNewswire/ -- In a decisive move to enhance financial transparency and enforce stricter compliance, the Internal Revenue Service (IRS) has unveiled significant regulatory ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

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