US: IRS updates tax rules for partial building dispositions
The US Internal Revenue Service (IRS) has updated its practice units on 16 January 2025 to better identify and examine taxpayers who elect partial dispositions of buildings. Identifying a Taxpayer Electing a Partial Disposition of a
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Angola approves 2025 state budget
Angola’s parliament has approved the General State Budget for 2025 on 30 December 2024, introducing amendments to corporate income tax, VAT and personal income tax. The key tax measures are as follows: Corporate income tax Corporate
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Japan: MOF presents tax reform bill to parliament
Japan's Ministry of Finance has released the legislative proposals submitted during the 217th session of the National Diet (parliament) – which includes the draft tax reform bill for 2025 and related materials – on 4 February 2025. The key
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US: IRS shares key tips for easier tax filing
The US Internal Revenue Service (IRS) has released IR-2025-19 on 30 January 2025 providing taxpayers with six tips to make filing their 2024 tax return easier. Most of the information below is also available on the IRS.gov Let us help you
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Bangladesh: NBR further extends income tax return deadlines
Bangladesh’s National Board of Revenue (NBR) has further extended the deadline for filing income tax returns for both individuals and companies yesterday, 30 January 2025. Individual taxpayers now have until 16 February to file their returns
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US: Idaho joins IRS Direct File for 2025 tax season
The Idaho State Tax Commission has confirmed, on 23 January 2025, that Idaho will participate in the IRS Direct File Programme starting with the 2025 tax filing season. Idaho expects to process over 1.03 million income tax returns in 2025. An
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US: IRS begins accepting 2024 federal individual tax returns
The US Internal Revenue Service (IRS) has issued IR-2025-18 on 27 January 2025, announcing the opening of the 2025 tax filing season and is accepting and processing federal individual tax year 2024 returns. During the early morning opening, IRS
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Luxembourg updates all tax return deadlines
The Luxembourg Administration of Direct Tax has announced that the deadline for submitting all types of tax returns, including individual income tax returns (M100) and corporate income tax returns (M500), has been moved from the first Monday in
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Turkey further extends force majeure for 2023 earthquake-affected taxpayers
Turkey's Revenue Administration has extended the state of force majeure on 10 January 2025, which was introduced after the 6 February 2023 earthquake for taxpayers with an annual turnover of less than TRY 2.5 million. The state of force majeure,
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US: IRS launches programmes to streamline alternative dispute resolution
The US Internal Revenue Service (IRS) issued IR-2025-14 on 15 January 2025 announcing three pilot programmes that will test changes to existing Alternative Dispute Resolution (ADR) programmes. IRS ADR programmes are designed to help taxpayers
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Slovak Republic tax authority introduces prefilled 2024 vehicle tax returns for certain taxpayers
The Slovak Republic’s tax authority has released a detailed document announcing the launch of a new service to prefill motor vehicle tax returns for 2024. The service is for taxpayers who use the tax authority's electronic mailbox and have
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US: California grants tax relief for Los Angeles wildfire victims
California Governor Newsom announced that the California Franchise Tax Board (FTB) will provide state disaster tax relief for taxpayers and businesses affected by the recent wildfires in Los Angeles on 11 January 2025. “California is taking
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US: Treasury and IRS publish guidance on tax dispute resolution under 2019 Taxpayer First Act
The US Treasury Department and Internal Revenue Service (IRS) have issued final regulations (T.D. 10030) that offer detailed guidance on resolving federal tax disputes through the IRS Independent Office of Appeals in accordance with the Taxpayer
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US: IRS announces tax filing season date for 2025
The US Internal Revenue Service (IRS) issued IR-2025-08 on 10 January 2025, announcing that the nation’s 2025 tax season will start on 27 January 2025. The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed
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Peru announces 2024 tax return deadlines
Peru has issued Superintendency Resolution No. 000304-2024/SUNAT of 30 December 2024 on 31 December 2024 outlining the submission deadlines for annual tax returns for the 2024 tax year. This includes extended deadlines for submitting annual income
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US: New York joins IRS direct file for 2025 tax season
New York Governor Kathy Hochul announced on 3 January 2024 that the state will participate in the IRS Direct File program starting with the 2025 tax filing season. The joint project with the Internal Revenue Service (IRS) allows taxpayers to file
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Norway publishes overview of tax changes for 2025
Norway’s government has released an overview outlining key tax changes which took effect on 1 January 2025. Some of the main changes include: Natural resource tax for hydropower The natural resource tax for hydropower plants has been
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Turkey extends income tax incentives for tech, R&D employees
Turkey has announced an extension of income tax withholding incentives for employees in technology development zones and R&D or design centers. According to Presidential Decision No. 9368 on 27 December 2024, employees working outside these
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