The US Internal Revenue Service (IRS) have announced the new federal income tax brackets and standard deductions for 2026, offering some relief to Americans as they prepare for next year’s tax returns.
The UAE has introduced two new ministerial decisions aimed at clarifying how corporate tax rules apply to Free Zone businesses, providing much-needed precision on qualifying activities and acceptable pricing benchmarks.
A new tax has been proposed in the United States one that is aimed at these remittances specifically. A US bill proposes a 5% excise tax on any remittances that originate in the US to any other country.
A new tax proposal by House of Republicans could significantly impact Non-Resident Indians (NRIs) living in the United States.
US Commerce Secretary Howard Lutnick said that President Donald Trump wants to eliminate taxes for individuals earning less than $150,000 per year. In an interview in a CBS interview, Lutnik shared Trump’s tax objective. “I know what his (Trump’s) goal is… no tax, for anybody who makes less than $150,000 a year. That’s his goal. That’s what I’m working for,” Lutnick said.
Hungarian Prime Minister Viktor Orban has announced income tax exemption for mothers of two or more children during his annual State of the Nation speech in Budapest, reported Reuters.
