Al-Marsad Newspaper: Minister of Finance Mohammed Al-Jadaan on Economic Policies and Tax Changes

2023-12-06 16:51:29 Al-Marsad newspaper: The Minister of Finance, Mohammed Al-Jadaan, said that there are economic policies that do not change, such as diversifying the economy and encouraging the private sector. He added: “There are financial policies that change according to changes in economic and financial conditions, including tax policies, so any changes will be announced … Read more

The tax authorities are demanding more than 600 euros in housing tax… from an 8-year-old girl

2023-11-24 10:50:40 Last Friday, an 8-year-old girl was sent a council tax. According to information from La Dépêche du Midithe tax authorities demanded from this resident of Salvezines, in Aude, the sum of 619 euros. Thousands of tax notices sent in error Alerted, the little girl’s mother contacted the tax center, who confirmed that it … Read more

India’s tax windfall gives Modi scope to spend more on welfare

2023-11-08 08:16:53 India’s government is likely to exceed its tax revenue projections this year, giving Prime Minister Narendra Modi more fiscal room to spend on wooing rural voters ahead of elections. Bloomberg Economics estimates the central government’s total receipts will be about 1.9 trillion rupees ($22.8 billion) above the budgeted amount in the current fiscal … Read more

Optimizing Tax Efficiency: Understanding Movable Donations and Tax Obligations

2023-10-25 17:39:00 The system targets only two types of movable donations – manual (a sum of money in cash, for example) and indirect (a bank transfer without communication) – because these are not subject to the registration obligation. , which allows donees to avoid paying gift tax, the rate of which is 3%. Other donations, … Read more

Understanding the Tax Implications of Wire Transfers: Choosing the Right Concept and Avoiding Taxes

2023-10-25 10:37:11 When making a wire transferit is crucial to specify the concept, reason or justificationn behind said operation. This may raise some questions about whether the choice of reason has tax consequences; That is, if we choose the appropriate concept, we could avoid having to pay taxes. In this context, it is important to … Read more

How Vitamin C Can Help Relieve Bad Breath and Improve Gastrointestinal Health

2023-10-23 23:30:02 (Taxation and Finance News = Kim Dae-bok, director of Hyeeundang Clean Oriental Medicine Clinic) People who are worried about bad breath seek out various treatment methods. During my bad breath consultations, I often receive questions about the relationship between foods containing vitamin C and bad breath. In conclusion, vitamin C indirectly helps relieve … Read more

Finance Bill 2024: Reduction in VAT for Renewable Energy Production and Increase in Electrical Energy VAT Rates

2023-10-22 16:00:31 Next year’s finance bill (PLF-2024) provides for a reduction in the value added tax (VAT) applicable to the production of electrical energy from renewable sources to 12%, according to the presentation note of this project. This rate should increase from 14% currently to 12% from January 1, 2024, then to 10% in 2025, … Read more

Income gap ‘shock’… Financial insurance industry, food and lodging industry, average annual salary difference is 5.3 times

2023-10-01 08:17:47 (Tax and Finance News = Reporter Jin Min-kyung) The finance and insurance industry was selected as the industry with the highest per capita earned income. On the other hand, the industry with the lowest annual salary was the food and lodging industry. The average annual salary difference between the financial insurance industry and … Read more