Latita Africa’s Post

#QuoteOfTheWeek | “We are not seeking to impose new taxes, but we will be trying our best to widen the scope of the tax base through developing an electronic taxation system.” Minister of Finance Mohamed Maait. #ArabFinance #Economy #News #Egypt

The latest Insights for Change article is here! The author Naghma-e-Tehniat Jerral discusses the inequities, fragmentation and complexities of Pakistan's tax base, and the gaps in tax policy and administration. The article offers key recommendations for Pakistan to enhance its progress through tax policy reforms, automation, and improved governance. Read here:  https://lnkd.in/dErTK8qw

Hot off the presses, Altus Group has released our annual Tax Benchmark report with a lot of new report comparison in regards to taxes per sq.ft. and Assessment to Sales (ASR) ratio by asset type. Halifax is not looking good in terms of comparison with other cities on the taxation front, please read the full publication at the link below. https://lnkd.in/eCZeyBKw

Starting 1 July, the GST on household items will be reduced to help ease living costs, and the 45% tax rate for banks will decrease in 2025. Despite these changes, overall tax collection is expected to rise by 13.4% with a strong focus on improving compliance. For more details on the shape of PNG’s finances, please check out our budget commentary: https://lnkd.in/gKXc34f3 #PwCPNGBudget

The Foreign Earned Income Exclusion (FEIE) under Section 911 of the U.S. Internal Revenue Code allows U.S. citizens and resident aliens living abroad to exclude a portion of their foreign earned income from U.S. taxation. For the tax year 2024, this exclusion amount is up to $126,500 (inflation adjusted annually) per individual. This provision aims to mitigate the double tax burden that might otherwise occur from income taxed by both the United States and the foreign country where the income is earned.

Today, 15 May 2024, I presented the Income Tax changes proposed by the Finance Bill, 2024. Perphaps the proposal that has stirred the most debate so far is the proposed introduction of #motorvehicletax at 2.5%. Another key change is the proposed introduction of Significant Economic Presence tax, which will replace #DigitalServicesTax should it be enacted. Please be on the lookout for #KPMGEastAfrica #FinanceBill2024 for more details on the proposed income tax changes. KPMG East Africa | Caxton Kinuthia | Clive Akora | Steve Nganga | Sandeep Main | Kenneth Wanjohi | JAMES KIMANI, CPA | Jossineter Syengo | Kamau Maryann

With the approval of the Budget 2024-25, Pakistan's federal government has introduced new income tax slabs effective from July 1, 2024, altering the tax obligations for many salaried individuals. The Federal Board of Revenue (FBR) has outlined a revised structure affecting those earning above Rs50,000 per month. For instance, individuals earning Rs150,000 monthly will now fall under the 30% tax slab, translating to an annual tax of Rs60,000 or Rs5,000 monthly. The new tax regime aims to increase revenue while reflecting economic realities, highlighting the importance of understanding these changes for effective financial planning. #Budget202425 #IncomeTax #FBR #PakistanEconomy #TaxReforms #SalaryTax #FinancialPlanning #TaxSlabs #SalariedIndividuals #EconomicUpdates #creativesandconcepts #creativespakistan Read More=> https://lnkd.in/esNw2n_d

KPMG Canada's 2024-2025 edition of Tax Facts is now available! Gain access to the latest tax figures and information, including the proposed increase to the capital gain inclusion rate: https://lnkd.in/g5g6QJ6f

KPMG in Canada's 2024-2025 edition of Tax Facts is now available. I bookmark this and use it regularly, have a question.. find it here! Gain access to the latest tax figures and information, including the proposed increase to the capital gain inclusion rate: https://lnkd.in/eDCjWwWP

KPMG Canada's 2024-2025 edition of Tax Facts is now available. Gain access to the latest tax figures and information, including the proposed increase to the capital gain inclusion rate: https://lnkd.in/gfJGdc_H