Latest News for: customs (tax)

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$601 million tax & fine notice to Samsung

The Times of India 26 Mar 2025
... manager for indirect taxes, the order showed.“The issue involves the interpretation of classification of goods by customs,” Samsung said in a statement, adding that it complied with Indian laws.
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India orders Samsung to pay $601m in back taxes

Business Day 25 Mar 2025
It can be challenged in a tax tribunal or the courts ... Samsung pushed India’s tax authority to drop the scrutiny, saying the component did not attract tariffs and officials had known its classification practice for years.
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India demands $601 million in tax from Samsung for telecom imports

Cryptopolitan 25 Mar 2025
India issued a $601 million tax demand against Samsung on Tuesday, accusing the South Korean company of misclassifying key telecom equipment imports to evade customs duties ... Indian customs authorities ...
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SPONSORED: Maximize Your Tax Refund and Transform Your Home with Heeter Lumber - exploreClarion

Explore Clarion 25 Mar 2025
At Heeter Lumber, they are here to help you make the most of your tax return with high-quality materials, custom solutions, and expert advice to bring your dreams to life ... What Sets Heeter Lumber Apart Custom Solutions.
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B.C. to bring in legislation to end its carbon tax on consumers starting April 1

North Shore News 25 Mar 2025
... getting rid of the tax requires change, it expects fuel sellers and natural gas retailers to make every effort to ensure that their customers are not charged the carbon tax on purchases as of April 1.
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IRS Finalizes Agreement With ICE to Monitor Undocumented Immigrants in Alabama

Independent Newsgroup 25 Mar 2025
Immigration and Customs Enforcement (ICE) are reportedly negotiating an agreement that would allow the IRS to use tax data to verify the names and addresses of people suspected of being in the country illegally.
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How to file Income Tax Returns without a CA: A simple guide

Hindustan Times 25 Mar 2025
The ITR is a declaration of one's income to be used for showing the taxes tat have to be paid during a financial year ... Quashing Volkswagen's $1.4 billion tax bill can be 'catastrophic,' Customs dept says.
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Deportation concerns grow as IRS nears deal with ICE for immigration data

NBC Bay Area 25 Mar 2025
Immigration and Customs Enforcement to share the personal data of undocumented immigration who pay federal taxes ... Those undocumented immigrants who thought they were doing things the right way by filing their tax returns are now fearing the worst.
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Finance Bill 2025 offers unprecedented tax relief; collection target realistic: Nirmala Sitharaman

The Times of India 25 Mar 2025
... 2025, underlining unprecedented tax relief and realistic tax collection projections.
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Samsung says “assessing legal options” on $601 million tax penalties from Customs

Business Line 25 Mar 2025
... Samsung India has been slapped with $601 million back tax and penalties of goods by the Customs.
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Home maintenance tech company eyes rapid growth with investment

The Business Desk 25 Mar 2025
The £500,000 investment the business is seeking will be spent on customer acquisition, and it is registered under the Government’s Enterprises Investment Scheme, which gives tax breaks to individuals investing in the business.
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Michelmersh says end-user confidence remains fragile

Building 25 Mar 2025
The firm said revenue last year was down 9% to £70m with pre-tax profit slumping one third to £8m ... It feels that any sort of shock can change the sentiment in the marketplace for the end customers.”.
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Tax1099 Urges Businesses to File 1099s, 1098s, and ACA Forms Before the March 31 Deadline

ACCESSWIRE 25 Mar 2025
Offering 40+ federal and state-compliant electronic returns, 12+ data management integrations, API integration, secure document management, Bulk filing, TIN Matching, and 24/7 customer support, Tax1099 is a leading tax filing solution provider.
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Discussions on scrap trade in Europe are deepening

Steel Radar 25 Mar 2025
The European Commission proposes to impose a tax on scrap trade. ... The idea of imposing additional taxes on scrap trade has sparked significant concern within the industry.
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Ghana and UK strengthen economic ties

Sierra Leone Telegraph 25 Mar 2025
He emphasized the importance of fostering collaboration between the UK’s HM Revenue and Customs (HMRC) and the Ghana Revenue Authority (GRA) to strengthen Ghana’s tax policies and enhance revenue mobilization.
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