The Latest Breaking News from Income Tax

Company executives want the government to help flood-hit entrepreneurs with a corporate income tax reduction, according to a Federation of Thai Industries (FTI) survey of its members.

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Dodgy statistical work to generate headlines supporting higher taxation risks eroding the credibility of Oxfam’s aid work.

A significant increase in the number of over-65s paying tax is expected in 2023.

The prime minister who originally introduced the stage three tax cuts to the parliament says you would probably not legislate them today, given their growing cost and the deteriorating budget position.

She promised a “bold plan” to cut taxes and grow the economy and “deliver on the energy crisis”

The Delhi High Court has sought a response on a petition filed by Newslaundry against the reassessment notices issued to it under the Income Tax Act for 2017-2018 and 2019-2020. The reassessment notice was issued on grounds that the assessment of income for these years was not done.

Here's a breakdown of income and rates for next year.

Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation