The new Income Tax (I-T) Act is set to come into effect tomorrow, on 1 April 2026, with the new financial year 2026-27 and is likely to impact salaried employees, especially under the Old Tax regime. The new rules provide higher exemptions for an additional four new cities besides increasing allowances for children’s education and … Read more
April 1 Financial Changes Highlights: Several key financial and regulatory changes are set to come into effect from April 1, 2025, which is just a few days away. With the beginning of financial year 2026-27 (FY27), a host of changes will be implemented in India. The changes from 1 April include changes in income tax … Read more
Everyone has felt them. You couldn’t miss them: the pandemic, followed quickly by the Ukrainian invasion and the associated cost-of-living crisis. Throw in the rise in migration for good measure. With the continuing war in the Gulf sending prices skyward, it feels very much like we are standing on the threshold of another shock. Responding … Read more
MANILA, Philippines — President Ferdinand Marcos Jr. on Wednesday said he would sign into law a bill granting him the power to suspend or reduce excise tax on fuel products within the day. Speaking to reporters in Malacañang, Marcos said he was still determining the right time to use the power. “By the end of the … Read more
The price of diesel and petrol is set to be cut by the Government from midnight on Tuesday in response to the energy crisis caused by the war in the Middle East. Minister for Finance Simon Harris will bring forward proposals at Tuesday’s Cabinet meeting to cut excise duty on diesel by 20 cent and … Read more
The price of diesel and petrol is set to be cut by the Government from midnight on Tuesday in response to the energy crisis caused by the war in the Middle East. Minister for Finance Simon Harris will bring forward proposals at Tuesday’s Cabinet meeting to cut excise duty on diesel by 20 cent and … Read more
A tax rebate scheme for hauliers, a double fuel allowance payment and a reduction in excise duty to cut fuel prices at the pumps are all expected to be agreed by the Government on Monday but the measures due to be announced on Tuesday will initially be in place for only a number of weeks. … Read more
‘Favourite’ nieces and nephews stand to gain, as Martin says current rules are discriminatory Taoiseach says inheritance tax reforms are needed as receipts hit record €1bn last year Wayne O’Connor & Cónal Thomas Today at 06:30 The Taoiseach wants to see the inheritance tax system reformed, with new figures showing the State took in a … Read more
MANILA, Philippines—President Ferdinand Marcos Jr. on Thursday certified as urgent House Bill 8418 which would grant him emergency powers to suspend or reduce excise taxes on petroleum products. Executive Secretary Ralph Recto, by authority of the president, transmitted a letter to Speaker Faustino “Bodjie” Dy 3rd stating the “necessity of the immediate enactment” of the … Read more
House OKs Marcos Jr. special power on fuel excise tax Philstar.com PBBM sets condition for fuel excise tax cut implementation Philippine News Agency Marcos says PH looking for other oil supply sources Inquirer.net House OKs on 2nd reading emergency powers to suspend fuel excise tax ABS-CBN Senate awaiting fuel excise tax bill BusinessWorld – BusinessWorld Online Source link