Previously, gamblers could deduct all their losses from their declared income, while still having to pay taxes on their ...

The government is set to table the Gig Workers Bill 2025 in Parliament by August or September this year, aiming to formalise protections for over 1.12 million Malaysians engaged in both platform and ...

Congress should consider creating targeted tax incentives, such as deducting accident and illness insurance and providing ...

The sales tax rate would remain the same for essential goods, while a rate of five or 10% will be imposed on non-essential or discretionary goods.

Malaysia is dangling new tax incentives to investors to boost its venture capital industry, according to Second Finance ...

Source: FactSet Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones ...

GAINS on sale of investments such as shares are generally not subject to any tax in Malaysia, other than gains on disposal of real property in the country or shares in a real property company ...

For instance, in the EU — which includes 22 member states in the report — the average income tax rates for these three income levels were 12.1%, 17.2%, and 23.1%, respectively.

Tax-Optimized Retirement Contributions Maximizing your retirement contributions as a high-income earner is crucial. The Internal Revenue Service (IRS) has set up code section 401, which allows you ...

Financial Literacy News: Income Tax Changes FY 2025-26: Starting April 1, 2025, several new income tax regulations are coming into effect for FY 2025-26, bringing changes to t ...

Even as the bill is signed into law, the state is still phasing down the income tax from a 2022 cut. By Fiscal Year 2027, the state will be set at a 4% income tax. The cut signed into law on ...

It will mean around 300,000 people will no longer have to file a tax return for side hustles like creating content online, dog walking or tutoring, the government said. An estimated 90,000 of those ...