Although you’re probably focused on filing your 2019 tax return right now, it’s never too early to start thinking about next year’s return. Proper tax planning requires an awareness of what’s new and changed from last year—and there are plenty of tax law changes and updates taking effect in 2020 that you need to know about. The […]

The Mexican government introduced a new reporting obligation on January 1 2020 as part of an effort by the Tax Administration Service (SAT) to prevent aggressive tax planning. Under the new rules, tax advisors and in certain instances, taxpayers, will have to notify the SAT if they have implemented or offered any of the 14

The main aim of the new EU directive remains the curbing of tax evasion and avoidance through capturing aggressive tax planning schemes. Photo: Yannick Morelli/Shutterstock.com The Cooperation with Other Jurisdictions on Tax Matters (Amendment) Regulations 2019 were recently amended in order to transpose a Council Directive on the mandatory automatic exchange of information in taxation

Tory activists are in uproar this morning over varying reports of tax raising measures Boris Johnson and Sajid Javid are considering for next month’s Budget. Plans currently being mooted include cuts to pension tax relief and the introduction of a recuring property tax  that could replace stamp duty. Critics have been quick to say that

As our cover story explains, very few people will find it beneficial to move to the new tax regime. These would be taxpayers who don’t claim too many deductions and tax-exemptions or are looking for ease of compliance by avoiding the drudgery of tax planning. If you are among them, keep in mind that foregoing

So it’s February and chances are you’ve just paid your personal tax bill. Having already paid your corporation tax. As a small company director, it’s always useful to look at your combined tax bill (both personal and company) to ensure you’re not robbing Peter to pay Paul. So we asked Jonathan Amponsah of The Tax

The fiscal 2021 budget projects the deficit will hit $1 trillion this fiscal year and linger at $200 billion after a decade. It includes a plan to extend the disputed tax overhaul that Republicans passed in 2017. The White House is proposing to continue tax cuts for individuals through 2035 at a cost of $1.4 trillion — a

Last tax season, you probably noticed your tax return looked significantly different than it did in prior years. The Tax Cut and Jobs Act that went into effect for the 2018 tax year brought some significant tax law changes including lower tax rates, elimination of personal exemptions and many itemized deductions, a larger standard deduction,

Those who make more money from the system will pay a more equitable share of their income as tax towards the public good. A clear roadmap to achieving this national imperative was outlined at the weekend in Abuja on the final day of the Federal Inland Revenue Service (FIRS) Management Retreat by paper presenters, discussants

The Chairman, Federal Inland Revenue Service (FIRS) Muhammad Nami has charged the staff of the agency to buckle up for the new accountable and fair tax regime that will make those who earn more to pay an equitable tax towards the public good. Nami who spoke at the launching of the Agency’s 2020 Corporate goals