The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

The largest share of federal payments was to Quebec for $27.4 billion with two-thirds in equalization. Second largest was Ontario at $23.8 billion (about $1 in $7 in equalization). British Columbia ...

The Cumberland County Board of Education is asking the state to revise its formula to provide additional pay to teachers.

In response to voter outcry over rising property taxes, Gov. Phil Scott last week unveiled ambitious plans to reform ...

Top Republicans are passing around a 50-page list of ideas on how to cover the cost of a tax cut and immigration crackdown ...

While some stakeholders described the drastic adjustments made by the governors as a compromise on the bills, others viewed the action of the NGF as unfair since the proposal is meant to redress age-l ...

Extrapolating the fact that on Tuesday, September 3, 2024, President Bola Tinubu relayed four tax reform bills to the ...

In a statement on Thursday, the group proposed an “equitable” sharing formula for value-added tax (VAT). The development was an outcome of a meeting between the NGF and the presidential tax ...

With the end of FY25 approaching, it will soon be time to file your taxes. If you are a salaried employee, a part of your income will be taxed based on the slab you fall under. Calculating your ...

“The Forum endorsed a revised Value Added Tax (VAT) sharing formula to ensure equitable distribution of resources: 50% based on equality, 30% based on derivation, and 20% based on population.

Nigerian governors have thrown their weight behind the Federal Government’s tax reform bills. But they are proposing a new sharing formula for value-added tax (VAT). The decision followed a ...

Once tax was not payable in law, there was no authority for the department to retain such an amount. Held: Assessee had entered into an agreement with the Kerala Water Authority for construction of a ...