A new China tax incentive aims to encourage companies to invest in digital and smart upgrades of special equipment. Companies upgrading certain equipment that aids environmental protection and safe production can enjoy a deduction of the investment at a rate of 10 percent from their corporate income tax payable. We explain the requirements of the … Read more
Created: Jul 19, 2024 07:25 AM The creation of a new tax agency to deal with the upcoming Corporate Income Tax is to go before MPs today in the House of Assembly.A long debate can be expected over the momentous legislation, which includes the penalty of a $100,000 fine and up to two years’ imprisonment … Read more
Tyson chicken barns in West Tennessee on April 21, 2021. (Photo: John Partipilo) They’re scattered across the rural Tennessee landscape: blue-sided barns stretching the length of five U.S. football fields, clustered together in groups numbering as few as three to as many as 20. Each of Tennessee’s nearly 2,200 industrial chicken barns produce about 200,000 … Read more
The Bharatiya Janata Party-led National Democratic Alliance faced huge setbacks in the Lok Sabha elections in the agrarian belts of the country. The BJP lost in at least 38 seats in five States where the farmers’ movement against the policies of the Narendra Modi government was strong. This government is a continuation of the first … Read more
In reviving and narrowing a surtax on the state’s most profitable businesses, lawmakers have mostly reversed a cut to New Jersey’s open space programs that happened when an earlier surcharge sunset at the start of 2024. The so-called corporate transit fee — a 2.5% surcharge on businesses with more than $10 million in profits — is … Read more
For many homeowners, summer means it’s time to tackle home improvement projects. By investing in certain energy-efficient updates, taxpayers not only can lower their power bills but also can score some tax breaks. The Energy Efficient Home Improvement Credit equals 30% of qualified expenses (up to $3,200) incurred to improve a home after Jan. 1, … Read more
The total corporate tax burden amounted to 81.6 trillion won (approximately $58.8 billion) last year, showing a decrease of 6.2 trillion won from the previous year. It was revealed that the number of corporations that filed corporate taxes last year exceeded one million. Among them, a significant portion, totaling 400,000 corporations, reported losses. According to … Read more
The United Nations High Commissioner for Refugees (UNHCR) in an announcement expresses deep concern for the safety and well-being of approximately 31 asylum seekers, including seven children, who are trapped in the buffer zone (BZ) in Cyprus. It is noted that “Five of them entered the Pournara reception centre to apply for asylum after crossing … Read more
Firefighters were battling ‘continuous and intense’ flare-ups between the communities of Polemi and Kourdaka, fire service spokesman Andreas Kettis said on Wednesday afternoon.The fire that broke out on Tuesday near Polemi is estimated to have destroyed eight square kilometres of land, including houses and animal farms. “The flare ups are being dealt with. Ground forces … Read more
The Tiruchi Corporation has decided to implement UPI to collect taxes, fines and other charges from the tax payers and citizens. Property tax, professional tax, water charges, underground drainage user charges and cable television fee are among the major sources of revenue of the Corporation.In addition to them, it generates revenue from commercial ventures such … Read more