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A service for finance industry professionals · Wednesday, March 12, 2025 · 793,301,304 Articles · 3+ Million Readers
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Personal Income News Monitoring

  • Published on 15:07 GMT

    Personal Income Tax Threshold Moves to $2 Million

    The Government will increase Jamaica’s personal income tax threshold to $2 million over a three-year period, commencing April 1. The announcement was made by Minister of Finance and the Public Service, Hon. Fayval Williams, while opening the 2025/26 …

    Source: Jamaica Information Service - Gov't Institution
  • Published on Mar 11, 2025

    Tax Reform: FG unveils new personal income tax calculator

    As Nigeria moves forward with its 2024 tax reforms, a new Personal Income Tax Calculator has been introduced to help taxpayers understand how the proposed changes will affect their earnings. This was shared by Taiwo Oyedele, the chairman of the …

    Source: Business Day - Neutral
  • Published on Mar 11, 2025

    Personal income tax threshold to increase to $2 million

    Paye-as-you-earn (PAYE) employees are set to benefit from another increase in the income tax threshold which will rise to $2 million over the next three years. Finance and Public Service Minister, Fayval Williams made the announcement on Tuesday as she …

    Source: Loop News Jamaica - Neutral
  • Published on Mar 11, 2025

    Personal Income Tax Jumped 3.5 Per Cent Of GDP In FY24: Govt Data

    From PIT to Non-Corporate Tax Moreover, the government has now substituted the phrase 'personal income tax' with 'non-corporate tax' in its official communications. This reclassification was intended to broaden the scope of taxation to …

    Source: Outlook Money - Label Pending
  • Published on Mar 11, 2025

    Personal income tax surged to 3.5% of GDP in FY24

    Collection from personal income tax (PIT) as a share of GDP (Gross Domestic Product) surged 140 basis points in Fiscal Year 2023-24 against 2.1 per cent in Fiscal Year 2014-15, Finance Ministry informed the Lok Sabha on Monday. Figures under PIT include …

    Source: The Hindu Business Line - Neutral
  • Published on 16:31 GMT

    Is the U.S. heading for a recession? Here's what economists say.

    President Trump sparked concerns this week when he declined to rule out the possibility of a U.S. recession this year. Asked on Fox news if he expects such a slump, Mr. Trump said, "I hate to predict things like that. There is a period of transition …

    Source: CBS News - Neutral
  • Published on 21:12 GMT

    FCT-IRS urges residents to file annual

    The Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged all residents in the territory to file their Annual Income Returns before the deadline of March 31, 2025. In a statement issued on Wednesday, FCT-IRS stated that the filing of …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on 22:11 GMT

    Record five million forced to pay higher rate tax: Fury as Rachel Reeves' stealth tax raid punishes middle class ...

    The stealth raid on middle class workers has pushed the number paying higher rate income tax over 5 million for the first time. Shocking official figures showed that an extra 680,000 workers were dragged into the 40 per cent tax bracket compared to a year …

    Source: Daily Mail - Right-wing
  • Published on 21:24 GMT

    Ramaphosa's ANC to increase VAT for South Africa

    Finance minister Enoch Godongwana has proposed a 0.5 percentage point increase for value-added tax (VAT) in the 2025/26 financial year, followed by a further 0.5 percentage point increase in 2026/27. He made the announcement while presenting his …

    Source: Bulawayo 24 News - Neutral
  • Published on 20:09 GMT

    2025 Budget 2.0: The VAT increase is dead, long live the VAT increase

    The shocks, surprises and shortfalls in the initial Budget that never saw the light of day on 19 February, made way for a reworked National Budget marked by cuts, compromises and curveballs. Although Finance Minister Enoch Godongwana’s first Budget attempt …

    Source: Polity - Label Pending
  • Published on 18:52 GMT

    Budget 2025: 0.5% VAT increase proposed for 2025 and 2026

    To raise the revenue needed, the government proposes to increase the VAT rate by half- a percentage point in 2025/26, and by another half-a-percentage point in the following year. This will bring the VAT rate to 16 per cent in 2026/27, announced …

    Source: News24 - Neutral
  • Published on 13:31 GMT

    Government proposes VAT increase over two years

    12-03-25 / Duty Editor Government proposes VAT increase over two years Pretoria - In light of new and persistent spending pressures in health, education, transport and security, government has decided to raise value-added tax (VAT) by 0.5 percentage …

    Source: Insurance Biz South Africa - Neutral
  • Published on 20:00 GMT

    Budget speech hard on consumers with taxes

    As expected, the budget expects South Africans to continue to pay more. The revised budget speech was not kind to consumers when it comes to taxes, with VAT increasing by 0.5% on 1 May and personal income tax brackets and medical credits remaining the same …

    Source: The Citizen (South Africa) - Center-right
  • Published on 22:15 GMT

    China’s Rubber-Stamp Legislature Braces for Trade War, Bets on AI

    China’s rubber-stamp legislature, the National People’s Congress (NPC), concluded its annual ten-day conference in Beijing on Tuesday. The meeting included extravagant promises from Chinese Communist Party leaders that they could boost consumer spending, …

    Source: Breitbart - Right-wing
  • Published on 17:34 GMT

    Budget 2025: A game of give a little and take a lot?

    Budget 2025 was postponed to 12 March due to objections from the other parties in the government of national unity to increasing VAT by 2%. Finance Minister Enoch Godongwana at last had the opportunity to deliver his Budget 2025 speech on Wednesday in a …

    Source: The Citizen (South Africa) - Center-right
  • Published on 17:02 GMT

    Examining the 2025 Budget Speech and the economic consequences for South Africans

    THE 2025 Budget Speech, delivered by South Africa’s Finance Minister, has been met with widespread condemnation, with critics slamming it as a callous and economically destructive move that will further cripple already struggling households. The proposed …

    Source: Sunday Independent - Uncategorized
  • Published on 14:24 GMT

    Godongwana: We looked at every alternative to VAT hike

    Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images) Finance Minister Enoch Godongwana on Wednesday said the treasury had weighed every way of finding more revenue before staying on the route of a VAT increase, although a smaller one …

    Source: Mail & Guardian - Left-wing
  • Published on 15:55 GMT

    Budget speech reactions: experts weigh in

    FOLLOWING today’s long-awaited National Budget Speech, we have rounded up the insights and  reactions from several experts across various sectors, including personal finance/wealth, employment and education. The Wealth Expert - Jurgen Eckmann, Wealth …

    Source: Saturday Star - Uncategorized
  • Published on 14:13 GMT

    Ferguson warns of ‘Maryland Recession’

    Maryland’s Senate president warned of a “Maryland recession” Tuesday, after a top bond rating agency released a report highlighting the state’s unique vulnerability to federal budget and employment cuts coming from the Trump administration. “We have to …

    Source: The Chestertown Spy - Maryland - Neutral

05 days 04:41:48

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