The ministry's announcement came in the backdrop of a PTI report citing data from the Swiss National Bank, which showed that ...

The finance ministry reported a significant 45% increase in foreign asset and income disclosures, with 2.3 lakh taxpayers ...

Mia Matthews, ex-wife of imprisoned former developer, gets probation, fine in tax-evasion case related to a Palm Beach hotel ...

Income shifting by multinational firms has been researched extensively, yet few studies have examined foreign-owned ...

Both the House and Senate bills seek to boost the child tax credit but they do so in different ways. The Senate legislation would increase the maximum per-child credit from $2,000 to $2,200, making it ...

Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with ...

A proposal in the House version of President Trump’s tax and spending cut bill that could levy a 20 percent tax on foreign investors from countries that “discriminate” against the U.S. has ...

President Donald Trump likes to say he’s bringing in trillions of dollars in investments from foreign countries, but a ...

A source from the Finance Ministry who requested anonymity said the taxation of foreign income follows the residency-based principle, whereby Thailand taxes the income of individuals who reside in ...

Expats need to pay attention to avoid double income tax by the IRS and local tax collectors where they’re living. To avoid double taxation on foreign income, expats can claim either the Foreign ...

asking them to review their income tax returns based on information collected by the Income Tax Department on foreign deposits. She said the "nudge campaign" resulted in 11,162 taxpayers revising ...

Using this data, the CBDT urged taxpayers to declare their foreign assets and income in revised income tax returns for the assessment year 2024-25, the person said, adding the authority followed a ...