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

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 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 new Income Tax Bill, 2025, consists of 536 sections, 23 chapters, and 16 schedules in just 622 pages—a significant ...

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 ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The question arises: Will the new Income Tax Bill 2025 change the deadlines for filing ...

You should verify the company that you work with to reduce IRS debt because Offers in Compromise are difficult to achieve.

The efforts in the fight against corruption saw Kenya Revenue Authority (KRA) collect KSh 1.243 trillion in the first half of ...