The Bureau of Internal Revenue (BIR) successfully surpassed its 2024 revenue target set by the Development Budget Coordination Committee (DBCC), marking a histo ...

The BIR also introduced a new withholding tax system for online businesses ... We now have a successful and proven template that works,” Lumagui said. He expressed hope that all stakeholders ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance. While it promises real-time tracking, experts caution about transition ...

That’s because your employer withholds some money from each paycheck in the form of withholding taxes, which help pay your income tax bill throughout the year. It’s important to understand how ...

When I retired three years ago, I discovered significant billing issues behind our sporadic ‘‘cash-flow problems,’’ and set to work organizing his accounting and creating invoices.

A tax invoice is a crucial document issued by a registered supplier under GST regulations. As per Rule 46 of the CGST and SGST Rules, it must include specific details to ensure transparency and ...

Employees who are expecting a vacation payout in February should take note of the 22% tax withholding imposed by the IRS.

ABUJA – In an effort to boost the economy, the Federal Inland Revenue Service, FIRS, has announced the commencement of the implementation of the withholding tax system. In a statement yesterday ...

This doesn't mean that you'll owe less taxes at year's end. You might owe more when you file your tax return depending on the information you've included on your W-4. This can happen if your ...

A Houston business owner accused of withholding hundreds of thousands of employee tax dollars was indicted last week by a grand jury, according to the U.S. Department of Justice. Joseth Limon ...

When you have a traditional job, your employer withholds part of your paycheck for taxes, but when you’re an independent contractor, you’re responsible for withholding tax money on your own.