International Taxation

United Kingdom Tax System

United Kingdom Tax System

Income tax is the single largest source of government revenue in the United Kingdom, making up about 30 percent of the total, followed by National Insurance contributions at around 20 percent. More than 25% of all income tax revenue is paid by the top 1% of taxpayers, i.e., taxpayers with the highest incomes, and 90% […]

Introduction to US Tax Returns

Introduction to US Tax Returns

Introduction Just as we have different tax return forms for different purposes, The United States of America is no exception. U.S. also prescribes different types of tax returns for different purposes. The tax returns are differentiated on the basis of the income on which one is liable to pay taxes. This is similar to filing […]

Introduction to US Tax Returns

Introduction to US Tax Returns

Introduction to US Tax Returns Introduction Just as we have different tax return forms for different purposes, The United States of America is no exception. U.S. also prescribes different types of tax returns for different purposes. The tax returns are differentiated on the basis of the income on which one is liable to pay taxes. […]

External Affair Minister on a two day visit to UAE

India, Chile hold first joint commission meeting

India and Chile held their first joint commission meeting yesterday and agreed to add new momentum to their relations in a wide range of fields including trade and commerce, agriculture, health and social security, defence and space. The meeting held virtually was co-chaired byExternal Affairs Minister S Jaishankar and his Chilean counterpart Andres Allamand Zavala. […]

INTRODUCTION TO INTERNATIONAL TAXATION

INTRODUCTION TO INTERNATIONAL TAXATION

Introduction to International Taxation International Taxation means taxation of cross-border transactions and entities. In other words, international taxation means levying of taxes by one country on transactions involving multiple nations, or tax on transaction in other nation, or tax on transactions in own nation by foreign entities. International Taxation comes into picture when we have […]

BASICS OF TAXES IN UAE

BASICS OF TAXES IN UAE

Basics of Taxes in UAE Introduction : UAE – Tax Free? If you think yes, please continue reading to have a better reality check and update yourself on this aspect. UAE does not have Income Taxes but “The Federal Tax Authority (FTA)” does levy two types of taxes as below – VAT & UAE : […]