On May 22, the US House of Representatives passed H.R. 1, the “One Big Beautiful Bill Act.” This alert highlights the ...

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise Return for the tax period of March, 2025 up to April 25, 2025. This is subject to ...

COLORADO SPRINGS — Small gun store owners in Colorado Springs say they are already feeling the impact of a new excise tax in Colorado. More than half of voters passed Proposition KK in November ...

Data shared on the income tax portal indicates that the total number of e-verified returns stood at 8.64 crore during this time with Rs 4,35,008 crore issued in refunds. The Income Tax Department ...

The Excise Department has laid out a roadmap for the imposition of a salt tax (sodium tax), which would start with snack foods, which are known to possess little to no nutritional value.

A new excise tax effective Jan. 1, 2025, establishes an electric vehicle (EV) charging tax and requires certain people to register for the new tax. An excise tax of 3 cents per kilowatt-hour is ...

For more financial news, go to the News24 Business front page. The Office of the Tax Ombud will investigate whether the SA Revenue Service (SARS) did enough to help taxpayers whose eFiling profiles ...

In our comprehensive discussion on excise duty, we underscored two key elements critical for its effective application. Firstly, the importance of accurately identifying excise duty liable ...

MANILA, Philippines — The country’s excise tax collections slipped to P140 billion in the first semester, short of target, making the full-year goal unlikely to be met amid pending laws that ...

In a blog post dated May 10, 2024, we discussed the Form 5330, an excise tax return used by certain ... Without relief from the Internal Revenue Service (“IRS”), employers would not have ...

The sales tax is a percentage of the price of a good or service. Excise taxes are assessed by federal and state governments on certain goods and services. They are paid by the merchants that sell ...