Search For "corporate tax"
UAE tax consultants host Corporate Tax awareness seminar to prepare Taxabl
Updated : 3 years ago IST
Dubai [United Arab Emirates], March 21 (ANI/BusinessWire India): Dubai Integrated Economic Zone (DIEZ) and Dubai Silicon Oasis (DSO) companies recently congregated at Dubai Silicon Oasis Headquarters for a corporate tax awareness seminar. Among the keynote speaker was Ala Farahat, a seasoned
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Budget 2023: Govt simplifies tax benefits for MSMEs, cooperatives, start-u
Updated : 3 years, 1 month ago IST
While for cooperatives, the government extended 15 per cent corporate tax benefits to new cooperatives which would start manufacturing from March 2024.
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Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years
Updated : 3 years, 2 months ago IST
The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
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Govt issues Rs 1.14 lakh crore tax refunds in April-August 2022
Updated : 3 years, 6 months ago IST
New Delhi [India], September 3 (ANI): The government has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers in the first five months of the current financial year, the Income Tax Department said on Saturday.
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Corporate tax collection grows 34 pc between April and July
Updated : 3 years, 7 months ago IST
New Delhi [India], August 13 (ANI): The corporate tax collection in the first four months of the current fiscal year has seen a growth of 34 per cent as compared to the corresponding period of the Fiscal Year 2021-2022.
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Steps taken by Govt helped keep economy afloat in difficult times: Nirmala
Updated : 3 years, 9 months ago IST
New Delhi [India], June 8 (ANI): Union Finance Minister Nirmala Sitharaman on Wednesday said the steps taken by the government like the implementation of GST, Insolvency and Bankruptcy Code and reduction in corporate tax, helped keep the Indian economy afloat in the difficult times of COVID-
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UAE announces new 9 per cent corporation tax from June 2023
Updated : 4 years, 1 month ago IST
Abu Dhabi [UAE], February 1 (ANI): Businesses in the United Arab Emirates will now be subject to a new 9 per cent corporation tax from the beginning of their first financial year that starts on or after June 2023, reported Arab News.
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Refunds of Rs 1.49 lakh crore issued to taxpayers so far this fiscal
Updated : 4 years, 2 months ago IST
New Delhi [India], December 28 (ANI): The Central Board of Direct Taxes (CBDT) said on Tuesday it has issued over Rs 1.49 lakh crore in refunds to 1.45 crore taxpayers during the current financial year till December 27.
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CBDT issues refunds of over Rs 1,32,381 cr to more than one cr taxpayers
Updated : 4 years, 3 months ago IST
New Delhi [India], December 9 (ANI): Central Board of Direct Taxes on Thursday issued a refund of over Rs 1,32,381 crore to more than 1.19 crore taxpayers from April 1, 2021, to December 6, 2021, said the Income Tax department.
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G20 leaders have reached historic agreement for effective international ta
Updated : 4 years, 4 months ago IST
Rome [Italy], October 30 (ANI): Leaders of G20 nations have reached an "historic agreement" for a fairer and more effective international tax system that would set a 15 per cent global minimum corporate tax.
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US treasury secretary hopes Congress will approve global corporate tax dea
Updated : 4 years, 5 months ago IST
Washington [US], October 11 (ANI/Xinhua): US Treasury Secretary Janet Yellen has said that she hoped US Congress would approve a key pillar of the global corporate tax deal agreed by some 136 countries and jurisdictions.
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Minimum corporate tax rate to address challenges of digitalisation, India
Updated : 4 years, 5 months ago IST
New Delhi [India], October 9 (ANI): India will likely emerge as a beneficiary of the minimum corporate tax rate of 15 per cent reached amongst 136 countries, which will help address challenges posed by digitalisation, said Deloitte India Partner Sumit Singhania on Saturday.
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