WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recenlty issued final regulations detailing how corporations should report and pay the new 1 percent excise tax on stock repurchases. This tax was introduced by the Inflation Reduction Act and applies to stock repurchases made after December 31, 2022. The new … Read more
<!– –> But companies must go cashless <!– Star Business Report Thu Jun 6, 2024 05:45 PM Last update on: Thu Jun 6, 2024 06:07 PM The government is set to cut corporate income tax by 2.5 percentage points in a bid to encourage compliance with a condition promoting cashless transactions. Finance Minister Abul Hassan … Read more
Despite some significant positive changes in the proposed budget, foreign investors in Bangladesh still have major concerns about the effective income tax rate, which exceeds 40% in some cases, leaders of the Foreign Investors Chamber of Commerce and Industry (FICCI) said. “Despite the decrease in the corporate tax rate, the effective tax rate here in … Read more
Finance Minister Abul Hasan Mahmood Ali proposed income tax exemption for freelancers in the proposed 2024-25 financial year budget. “As a supporter of building Smart Bangladesh, I propose to exempt from tax the income arising from any of the following business activities of a resident individual or a non-resident Bangladeshi natural person, for three years, on … Read more
Google has launched News Showcase in Cyprus, collaborating with publishers like Cyprus Mail, Dias Group, Digital Tree, MC Media, Phileleftheros Media Group, Politis, and SPP Media. The product allows publishers to create panels that engage readers and direct them to full articles on their websites. Google has signed News Showcase deals with over 2,700 publications globally and offers journalists training on fighting misinformation online.
A tremor of 4.3 on the Richter scale was recorded off Kythnos on Sunday at 11:53. The epicentre of the tremor was located 83 kilometres northeast of Athens.
Fact: Companies listed on the capital market are expected to face an additional 2.5% corporate tax in the next fiscal year unless they adopt cashless transactions as the government plans to promote a cashless society.
The north’s minimum wage was raised to a gross figure of 34,070TL (€975) per month, which is just €25 lower than that of the Republic. The new minimum wage is higher than that of 13 European Union member states, including Greece. The Cyprus Turkish Employers’ Union representative voted against the increase, stating that employers are not responsible for inflation in the country.
Fact: President Ebrahim Raisi of Iran was killed in a helicopter crash near the Azerbaijan border along with his foreign minister and seven others.
A 23-year-old man involved in a hit and run that killed a 77-year-old pedestrian will face manslaughter charges. The police believe the incident was a deliberate act, not negligence, based on witness material from a camera the suspect used.