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What is the Common Reporting Standard (CRS)? The complete informational guide

What is the Common Reporting Standard (CRS)? Over the past few years, governments and organisations all over the world have been promoting the global tax transparency agenda to minimize tax evasion. In this context, and in response to the request of the Group of Twenty (G20), the Organisation for Economic Co-operation and Development (OECD) issued […]

Utility bills to count toward tax discount

The payment of utility bills using credit or debit cards will also count toward the tax discount for electronic transactions, according to sources, as the state appears unable to distinguish such payments from spending on goods and other services.

Tax discount only for card and web users

Tax discount only for card and web users

Only taxpayers who make payments by credit and debit card will be entitled to claim a tax-free threshold as of next year, according to a bill the Finance Ministry tabled in Parliament midnight on Monday.

E-spending discount details are out

E-spending discount details are out

The Finance Ministry has finally issued a list detailing the types of electronic spending – credit and debit cards, e-banking and money forwarding – that will count toward the income tax discount granted to most taxpayers as of this year.