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The Kentucky Senate has passed a bill that would tap into the state’s massive revenue surpluses to deliver more than $1 billion in income tax rebates to taxpayers. ....
How to get tax benefit despite taking maximum tax exemption under section 80C - Hospitalisation can prove to be very costly. In such situation, it is necessary that adequate cover is taken for this through health insurance policy. ....
6 minute read Singapore corporate income tax is a flat 17% of a company’s chargeable income. This is already one of the lowest and most competitive corporate income tax rates in the world. Nevertheless, there are still ways to further reduce your corporate income tax. Tax Exemption Scheme For New Start-Up Companies Introduced in YA 2005 to support entrepreneurship and help new local companies grow, the tax exemption scheme provides tax savings for new companies in your first 3 consecutive Year of assessments (YA). From YA 2020 onwards, new start-ups are given 75% exemption on the first $100,000 of their chargeable income, and a further 50% exemption on their next $100,000 of chargeable income. Here’s how your new start-up may save on corporate income tax: ....