MicroStrategy and Its Founder to Pay $40 Million in Tax Fraud Lawsuit
Michael Saylor did not pay any income taxes to Washington despite living there from 2005 through 2020.
penalties
Yellow warning for high temperatures and red alert for forest fires
The Met Office issued a yellow warning for extreme high temperatures on Tuesday, with temperatures expected to reach around 42 degrees Celsius in inland areas. The forestry department also announced a red alert for the risk of forest fires erupting and spreading on the same day. People are advised to exercise caution during outdoor activities to prevent fires.
Real, late show sinks Dortmund to secure 15th European Cup
Real Madrid won their 15th European Cup by defeating Borussia Dortmund 2-0 in the final.
Turkish club Fenerbahce begin negotiations with, Mourinho
Jose Mourinho has begun negotiations with Fenerbahce over the head coach role in the Turkish Super Lig club.
UAE Corporate Tax deadline ends today: How to register and file
The UAE Federal Tax Authority has set a deadline for businesses to register for Corporate Tax purposes with licenses issued in January and February, regardless of the year of issuance. Businesses must submit their registration applications by May 31, 2024, to avoid violating tax laws. Fines will be imposed on taxable persons who do not comply with the registration deadlines.
Italy beat England on penalties to reach u17 Euros semi finals
Italy scraped past England on penalties after the tie ended level at 1-1 after 90 minutes at the AEK Arena in Larnaca on Thursday night, to book their place in the Uefa under 17 championship semi finals.The game was fast paced from the start, with both sides at ease zipping the ball around the pitch … Read more
Education ministry working on mobile phone ban in secondary schools
The education ministry in Cyprus is working on a bill to introduce the same penalties for secondary school students using mobile phones in class as those currently enforced in primary schools.
Federal Tax Authority releases much-anticipated free zone persons guide
The Federal Tax Authority of the UAE has released a guide that improves users’ understanding of corporate tax on free zone businesses.
Tax Matters – Four more days to seize Self Voluntary Declaration Programme opportunity
The Self Voluntary Declaration Programme (SVDP) by the Inland Revenue Board (IRB) and the Royal Malaysian Customs Department (RMCD) is an amnesty programme that allows taxpayers to declare undeclared or underdeclared income without penalties. The programme ends on May 31. Taxpayers can participate for income tax, real property gains tax, stamp duty, sales and service tax, and goods and services tax purposes. All taxpayers, including individuals and corporate taxpayers, are encouraged to review their past declarations and declare any understatements to avoid future audits. The declaration must be complete and supported with proper documentation. If fraudulent, the IRB or RMCD may open a case for investigation.
Dry winter promises tough summer, warns Kettis
– A difficult summer is expected due to the dry winter, according to fire services’ spokesman Andreas Kettis.
– Human activity is to blame in over 92% of fire cases.
– The fire prevention season was expected to start earlier this year.
– Stricter penalties have been recently introduced regarding fires and their causes.