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5pc of wealthy persons to be brought into tax net: FBR chief
27 Dec 2024 09:22 GMT
… persons would be brought into tax net with end-to-end digitisation … of Rs7.1 trillion. The income tax gap stood at Rs2.4 …
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Pension inheritance tax warning as 8.5m Brits unaware of new rule
30 Dec 2024 13:40 GMT
… draw them into the inheritance tax net or could mean loved ones … beneficiary could then be charged income tax at their marginal rate as …
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Corporate Sentiment in Sri Lanka Steady despite Political Shifts
30 Dec 2024 14:26 GMT
… reinstate VAT exemptions and offer income tax relief could result in revenue … digitizing processes will widen the tax net and enhance efficiency.
Factor Market …
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Tax changes bolster incomes
30 Dec 2024 10:21 GMT
… fee.
– Contributions. Employees will see net earnings rise thanks to the social … for three years from rent income tax.
– VAT on realty. VAT on … a one-time payment of income tax is increased to 4% for …
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Supporting the Increase in Withholding Tax: A Step Toward Strengthening Sri Lanka’s Tax System
29 Dec 2024 04:08 GMT
… derived solely from interest:
Total Income Tax Due:
· Income: Rs. 5, …
: Rs. 3,800,000
· Income Tax at Progressive Rates
: Rs. 918 …
: Rs. 3,800,000
· Income Tax at Progressive Rates
: Rs. 918 … and is currently outside the tax net. This demonstrates how the …
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Structural issues in tax system persist
29 Dec 2024 01:49 GMT
… provincial governments to impose income tax on agricultural earnings, … personal and corporate income tax rules in accordance … agricultural income into the tax net, ensuring fair contributions … . For example, personal income taxes represent 23.7 percent …
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2025: Tax Policy For Growth & Prosperity
28 Dec 2024 09:20 GMT
… to collect due agricultural income tax from the rich absentee … by collecting due agricultural income tax from the rich absentee … possible base into the tax net through simplification of procedures, … and low-rate taxes—income tax on all incomes including …
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Large-scale tax evasion: LCCI hails govt’s announcement
28 Dec 2024 01:36 GMT
… the announced actions against high-income tax evaders are implemented quickly and … and businesses to join the tax net.
They said that tax enforcement …
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Number filing self-assessment tax returns over Christmas balloons by 55% compared to last year as financial fears bite
27 Dec 2024 17:06 GMT
… now caught in the dividend tax net.
You will pay tax on … your pre-tax salary, meaning income tax relief is usually paid automatically …
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Arunish Chawla: Meet the new Revenue Secretary and the key challenges ahead
27 Dec 2024 17:13 GMT
… that relief on both the income tax front and through relaxed GST … the investigation wings of the Income Tax Department and GST, along with … doing business, and expanding the tax net are some of the strategic …