Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations make compliance more difficult.

Schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign ...

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and penalties.

International - For most American expats living in Britain, a life overseas means having the ongoing nightmare of dual ...

Rapid changes in political leadership are reshaping tax and trade policies worldwide. An increase in tax controversies is prompting governments to enhance revenue collection efforts. As businesses ...

During a Senate Foreign Relations Committee hearing on Wednesday, Sen. Cory Booker (D-NJ) asked Deputy Secretary of State for ...

The reforms align Nigeria with international tax standards by implementing a minimum effective tax rate of 15% for large ...

Thailand’s crypto tax holiday runs through 2029, but only for trades on licensed platforms. Here’s what traders must know ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

SARS tax season opened with technical problems, but major updates to filing rules and form changes are now in effect.

Banks this month started to implement the uniform 20% final withholding tax (FWT) on interest income, regardless of the term ...

A confidential investigation by the Income Tax Department has revealed a disturbing trend of radical Islamic expansion along the Indo-Nepal border. The report, sent to the Union Home Ministry earlier ...