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The ‘Netflix tax’ introduced in 2015, looks to extend the city’s tax on tickets for recreational activities and concerts to digital entertainment platforms.
Slamming the US tax system a recent ProPublica investigation revealed tech billionaires like Bill Gates make up 10 of the top 15 incomes among the top 400 American income-earners and yet, they do not pay high taxes.
The White House estimates that the proposed tax would raise around $360 billion in revenue over the next decade.
Crypto tax as proposed in the Union Budget 2022-23 is set to begin on April 1, following the Lok Sabha's passage of the Finance Bill, 2022
Technology is being extensively used in CBIC, leading to greater facilitation to the tax-payer and tangible benefits to the tax administration, says Vinayak Gupta, ADG, CBIC.
As of December 31, about 5.8 crore returns are reported to be filed through the new Income Tax portal.
The list, which was established in 2017 looks to counter widespread tax evasion and tax avoidance, and has been updated periodically to remove or add jurisdictions depending on their tax reforms
The new system was created by NBR officials after the previous project failed to attract taxpayers to file income tax returns online. Which is said to run a lot more automatically.
The Bangladesh Telecommunications Regulatory Commission (BTRC) noted this on Thursday (June 17th). It has been learned that BTRC was supposed to start identifying illegal mobile phones from July 1. But some media reports were saying that illegal mobile phones would be shut down from that day.
The E-Commerce Association of Bangladesh (e-CAB) has sought exemption from e-commerce platforms at source tax from the proposed budget in FY 2021-22