Revenue mobilisation is essential’ says IMF after Ethiopia’s tax-to-GDP ratio takes steep dip to 7.5% – well behind peers.

Rachel Reeves has been urged by a leading think tank to raise income tax while cutting national insurance in November’s Budget, a move that would hit landlords and pensioners hardest. The Resolution ...

How does HMRC calculate the amount of tax on savings interest from a joint savings account? We are a married couple, one of us receives an NHS defined contribution pension of £42,800 per annum and ...

Delays in tax refunds are avoidable with proper documentation and timely compliance. Many taxpayers have taken to social media to express frustration over delayed income tax refunds. Despite the ...

Individuals can claim the income tax refund if: - The advance tax is more than the actual tax liability. - The amount of the self-assessment tax exceeds the amount of tax due. - Your tax liability is ...

With the September 16 deadline for filing Income Tax Returns (ITRs) over, millions of taxpayers are eagerly awaiting their refunds. Many are wondering if the Income Tax Department delays processing ...

Figures released on Thursday by the Parliamentary Budget Office forecasts a 90 per cent rise in personal income tax collection to $682bn over the next 10 years, compared with $357.8bn paid today. This ...

Earlier on Sunday, the Income Tax Department had dismissed claims about extending the deadline for filing Income Tax Returns beyond September 15. The Central Board of Direct Taxes on Monday announced ...

ITR Filing: Amid several taxpayers complaining about issues in accessing the e-filing portal and demanding an extension of September 15 deadline, the Income Tax department on Monday shared certain ...

A pitch to shore up Colorado’s Medicaid program and schools by ramping up taxes on the state’s wealthiest residents will likely go to voters next year under a proposal announced Wednesday morning by a ...

Your taxable income is the portion of your income subject to federal tax, and it’s important for several reasons. To start, your taxable income amount determines your tax bracket and marginal tax rate ...

Most forms of income count as taxable — but not all. Here’s how to calculate yours and some ways to reduce your liability. Many, or all, of the products featured on this page are from our advertising ...