HUFs can run businesses, but the tax treatment depends on how they raise funds. Know what triggers clubbing rules.

The Bureau of Internal Revenue (BIR) has extended the deadline for submission of documentary requirements for those availing ...

The Bureau of Internal Revenue (BIR) has extended the registration deadline for Non-Resident Digital Service Providers ...

The primary goal of estate planning is transfer of assets – money or property – from a donor to a beneficiary. One aspect of ...

In Ghana, gift tax is governed by the Income Tax Act, 2015 (Act 896). While donors may need to report gifts above a certain threshold, the law does not explicitly specify a fixed amount.

A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach planning with the uncertain future of federal transfer tax.

According to BIR, the firms evaded P8,681,028,850.82 in taxes. When asked about the excise tax being lost by the government, Lumagui said that it is already a large sum.

As explained by the Bureau of Internal Revenue (BIR), capital gains tax (CGT) ... Those without gift taxes include Argentina, Australia, Austria, Canada, Cyprus and New Zealand.

The BIR, under the leadership of Commissioner Romeo Lumagui Jr., said taxpayers can “pay as you file” electronically using their e-filing facilities for a hassle-free tax filing experience ...

Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased ...

The gift tax return is only used by those who have given over $16,000 in 2022 ($17,000 in 2023). As the regulations applied to gift taxes are very complicated, ...

Typically, any gift worth over Rs 50,000 is taxable, unless received from close relatives such as a parent, sibling or spouse. However, this is not the case when it comes to wedding gifts where no ...