The IRS is soon stepping into cryptocurrency and DeFi with new rules and regulations. While the new taxation rules aim to bring transparency to crypto transactions, this rule would impact or even defeat the purpose of DeFi systems. Let’s understand why. What is DeFi? DeFi, or decentralized finance is a new way of conducting financial … Read more
The GST Council recently held its 55th meeting in Jaisalmer, Rajasthan. It was chaired by Union Finance Minister Nirmala Sitharaman. The GST Council announced several important GST Updates. These updates are aiming at simplifying compliance, reducing tax burdens, and streamlining GST-related processes. Let’s all the important GST Updates announced in December 2024. Changes in GST … Read more
The United Arab Emirates (UAE) will implement a 15% minimum top-up tax on large multinational companies starting January, the Ministry of Finance announced on Monday. This move is part of the OECD’s global minimum corporate tax agreement, signed by 136 countries, including the UAE, aimed at ensuring major corporations pay a minimum tax rate of … Read more
USPTO reviews fees, costs, and revenues every two years to ensure the aggregate costs of trademark operations. Recently, The U.S. Patent and Trademark Office (USPTO) is increasing fees for trademark applications and other related services starting January 18, 2025. This means if you want to have trademark registration, don’t waste time and money anymore. Why … Read more
The Income Tax Department of India is preparing to change the tax system. They are planning to launch a new PAN system. PAN 2.0 is going to be a significant improvement to the current Permanent Account Number (PAN) architecture. In this article, we will be understanding what PAN 2.0 is and how it will be … Read more
The Income Tax Department has issued a strict warning to taxpayers. The strict warning is regarding failing to declare foreign assets can lead to a hefty penalty of ₹10 lakh. As the ITR deadline is near, taxpayers with overseas investments or accounts must comply with the disclosure rules under the Black Money (Undisclosed Foreign Income … Read more
The Food Safety and Standards Authority of India (FSSAI) has introduced new guidelines for online food platforms. The new guidelines aim to enhance consumer safety and ensure the quality of food products sold through e-commerce channels. Knowing new guidelines for online food platforms is essential for businesses as well as consumers. Mandatory shelf life requirements … Read more
India’s 2025 Budget preparations are in full swing. There is a significant focus on GST tax rate revisions to streamline the taxation framework. Important Dates for the 55th GST Council Meeting Finance Minister Nirmala Sitharaman is set to hold pre-budget consultations with state finance ministers during the 55th GST Council meeting on December 21-22, 2024. … Read more
Filing taxes is an important responsibility for both people and corporations. However, understanding the IRS filing procedure can be difficult, especially if you aren’t aware of potential traps. Mistakes in IRS tax filing can result in penalties, delayed refunds, and even audits. Whether you’re an individual taxpayer or a business owner handling USA company registration, … Read more
An Initial Public Offering (IPO) is the main step for a company to enter the list of publicly traded companies. Investors should understand how an IPO influences a company’s valuation. This will help them make informed decisions for the same. That’s why we have brought a breakdown of the IPO valuation process along with key … Read more