Page 73 - Tax Code News Today

THE Supreme Court has declared that an assessment for deficiency taxes is not a prerequisite for collection of the civil liability of a taxpayer-accused for unpaid taxes in the criminal prosecution for tax law violations.     Thus, in a 42-page unanimous decision penned by Associate Justice Mario Lopez, the Court en…

On Thursday, November 23, at 12.00, the press center of the Interfax-Ukraine News Agency will host a press conference entitled "Small producers of alcohol distillates - birth of new industry," dedicated to the entry into force of the Law "On Amendments to the Tax Code of Ukraine and some laws of Ukraine regarding the simplification of the conditions for the production of distillates by small businesses." Participants include Chairman of the Association of Craft Distillers of ...

The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., has issued Revenue Regulations (RR) No. 12-2023 to define the tax compliance requirements of small Agricultural Producers. Per Section 237 of the Tax Code, as amended, all individuals subject to an internal revenue tax are…

A number of conservatives have asserted that, contrary to what I've written, the House Republican budget written by Paul Ryan does not cut taxes for high earners. (See John McCormack, Ramesh Ponnuru, Charles Krauthammer, and McCormack again quoting Ryan.) Here's the argument. Ryan keeps overall tax levels the same as they are right now by…

The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., has issued Revenue Regulations (RR) No. 12-2023 to define

Deputy Prime Minister for Innovation, Development of Education, Science and Technology – Minister of Digital Transformation Mykhailo Fedorov advocates the establishment of incentive taxes for the crypto industry; in his opinion, this will increase revenues to the country's budget and increase its investment attractiveness.

How Index Options Offer Potential Tax Savings In The Options Trading ...

The Bureau of Internal Revenue (BIR) has been very aggressive in its campaign against the issuance of fake receipts where Commissioner Romeo Lumagui Jr. declared an all-out war against all those who profit from propagating a culture of tax evasion using the so-called “ghost receipts.” As defined, ghost receipts are…

KYIV. Nov 10 (Interfax-Ukraine) – Bill No. 10101, initiated by the Financial Committee of the Verkhovna Rada "On improving legislation in the field of organizing and conducting gambling and state lotteries," will distort competition in the market and give unjustified advantages to lottery organizers, the Ukrainian Gambling Council (UGC) believes.

Democratic senators urged Congress at a Senate Finance Committee hearing on Thursday to provide more funding to the Internal Revenue Service so that greater scrutiny can be applied to ultra-wealthy Americans who exploit