tax exemption News

EY Proposes Major Income Tax Reforms for Budget 2025: Exemption Limits and Tax Rates in Focus

EY recommends raising the basic exemption limit to Rs 5 lakh and reducing income tax rates in Budget 2025. The firm also calls for simplifying tax laws, reducing litigation, and pr...

Thailand Plans to Enforce Global Minimum Corporate Tax from 2025

Thailand plans to enforce a global minimum corporate tax from January 2025, following the OECD's new regulations. The current corporate tax rate in Thailand is 20%, but companies r...