The Latest Breaking News from Income Tax

The new Prime Minister is said to be looking at extending the freeze on income tax thresholds for two years as his Chancellor draws up plans for an autumn statement

Revenue has already issued around 275,000 letters, with a further 100,000 expected to be sent in the coming weeks

Some major decisions for pensions, benefits, and tax are on the cards

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

The cabinet on Tuesday agreed to a waiver of personal income tax for foreign actors and actresses for five years, aiming to generate more than 3.5 billion baht in revenue from investments in foreign film productions.