The country's Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. The budget session will start ...

After a younger brother is left out of an aunt's will, his siblings want to share the money they inherited, but wonder if ...

By strengthening the BIR’s internal systems and modernizing its processes, the agency has paved the way for more accurate, efficient, and fair tax collection methods. This achievement highlights the ...

The decision reinforces the principle that genuine cash gifts from immediate family members, backed by verifiable evidence, are not taxable under the Income Tax Act. This ruling serves as a precedent ...

THE Bureau of Internal Revenue (BIR) is expecting further growth in collections in 2025, assuming that Congress passes a number of stalled tax bills. “We are doing a lot to improve our efficiency and ...

The Bureau of Internal Revenue (BIR) on Wednesday said it is expecting that its tax collection target for 2024 set by the Marcos administration’s economic managers will be exceeded for the first time ...

In this article, we will explore the tax implications of gifting cryptocurrency, including what the IRS says, how the annual gift tax exclusion works, and strategies for gifting crypto tax-free. Can I ...

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The Treasury Department and IRS finalized rules Friday detailing how US citizens and residents will be taxed when they receive gifts from certain expatriates. The final regulations (TD 10027, RIN 1545 ...

Desiree DeNunzio is the gift guide editor for CNET's Commerce team. When she's not writing and editing, she's either hiking through the redwoods or curled up with a good book and a lazy dog.

The RBI classifies gift vouchers as prepaid instruments Prepaid vouchers are ... and prepaid cards have become popular payment tools for consumers, but their tax implications often raise questions.