The local currency has recorded significant gains in recent days as the deposit money banks resumed overseas cards' transactions, Daily Trust can report.This means that banks' customers can use their ...

A tax debtor owing more than $27.8 million to the federal government should be ordered to repatriate assets held in the Bahamas to satisfy his outstanding bill, the US told a federal court in West ...

The Income Tax Department has released software utilities for ITR-1, ITR-2, ITR-3 and ITR-4, enabling income tax return ...

A proposed IRS rule requiring decentralized crypto platforms to report user transactions has been officially withdrawn, ...

SARS tax season opened with technical problems, but major updates to filing rules and form changes are now in effect.

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and ...

Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations ...

Editor: Mary Van Leuven, J.D., LL.M. The U.S. government imposes federal excise taxes that can affect a surprising variety of ...

The Gemological Institute of America (GIA) plans to introduce its 'finished jewellery report' service in India to enhance consumer trust by detailing jewellery components. New CEO Pritesh Patel ...

The New Zealand Foreign Trust: A Global Planning Tool Francken outlined the key features of New Zealand Foreign Trusts (NZFTs), which have been in place since 1998. Provided that the settlor, ...

Trump’s budget bill could complicate 2026 tax filing season after IRS cuts, watchdog warns Taxpayers will likely see the effects of staffing reductions at the IRS.

The finance ministry reported a significant 45% increase in foreign asset and income disclosures, with 2.3 lakh taxpayers reporting in 2023-24. Amidst reports of increased Indian deposits in Swiss ...