Financial basis

Egypt’s foreign exchange earnings grew 5.6% year on year

Foreign currencies – Flickr CAIRO – November 28, 2021: Egypt’s total foreign exchange earnings grew 5.6 percent in 2019/2020, rising to $ 128.9 billion, compared to $ 122.1 billion in 2018/19, according to the annual bulletin of foreign currency receipts and payments statistics in Egypt for the financial year 2019/2020 unveiled. The Central Public Mobilization […]

Financial information

Switching to e-budgeting helps government address internal and external challenges: Ministry of Finance

Ehab Abu Eish, Deputy Finance Minister of the Public Treasury, said the ministry has laid the foundation for digital transformation in its overall concept, which includes reengineering, simplifying and automating procedures, in a way that is part of the modernization of the legislative structure and the development of the working environment. This has helped to […]

Transaction tax

Tax return: taxpayers can electronically verify their returns in 6 different ways

Last update of the income tax return: As many taxpayers have already filed their tax returns and many still do, it’s a good time for everyone to check their ITRs. Taxpayers should note that the final process of filing a tax return is to verify it. In accordance with income tax laws, if the user […]

Financial transaction

1M ETH burnt since EIP-1559, and Dorsey drops whitepaper tbDEX, November 19-26

Welcome to the latest edition of the decentralized finance newsletter from Cointelegraph. ETH is burning at a rapid rate! Read on to find out the statistics behind Ethereum’s pursuit of deflationary mechanics. What you are about to read is a shorter, more succinct version of the newsletter. For a full rundown of DeFi developments over […]

Financial basis

UK taxpayers face billions in losses from Covid loan programs

UK taxpayers face losses of nearly £ 5 billion due to fraudsters who exploited minimal checks around the government’s Covid-19 rebound loan program for small businesses, according to the first official estimate. Overall losses on all state-backed Covid-19 loans – due to the fact that businesses cannot afford to repay, plus fraud and errors – […]

Transaction tax

Four tax deductions you can forget to claim if you use pre-filled RTI forms

Don’t miss out on these benefits when filing your income tax returns New Delhi: If you file your income tax return (ITR) this year using the pre-filled forms, you may miss some tax deductions that are not reflected on your Form 26AS or your annual information return and, therefore, don’t get self-filled out on RTI […]

Financial transaction

Amazon accuses Future Retail of financial irregularities

Launching a direct attack on Kishore Biyani, Amazon alleged financial irregularities on the part of Future Retail Ltd (FRL), including inflated payments to group entities controlled by Biyani and suspicious transactions with related parties. In a letter to the independent directors and the audit committee of Future Retail, Amazon said: “A simple reading of FRL’s […]

Financial basis

South Korea Raises Rates Amid Household Debt and Inflation Fears | Business and Economy

The Bank of Korea is raising its borrowing costs by 25 basis points to 1%. South Korea’s central bank raised interest rates and revised its inflation outlook on Thursday, as widely expected, as concerns over rising household debt and prices pointed to further policy tightening next year. The Bank of Korea’s monetary policy board raised […]

Transaction tax

From the tax law offices of David W. Klasing

More recently, the Treasury Department announced revisions to its plan to implement specific reporting requirements against domestic banks and continue to collect claims. FACTA-related information from offshore banks who have US taxpayer clients. These proposals have been strictly scrutinized by national and international banking communities and conservative lawmakers, but the IRS makes no secret that […]

Financial transaction

Euronet Worldwide epay division successfully drives global expansion of subscription payment products with new recurring billing platform

epay launches its new recurring billing solution in several countries around the world The new solution offers subscription and buy-it-now payments for products such as Microsoft 365, Xbox All Access, and Xbox Game Pass Ultimate. Easy to implement, the solution requires epay’s global network of retailers, telecommunications and mobile wallets to establish a single connection […]