The reforms align Nigeria with international tax standards by implementing a minimum effective tax rate of 15% for large ...

Schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is meant for reporting income from foreign sources.

From crypto coins to bibles, overseas development deals to an upcoming line of cellphones, President Donald Trump's family ...

UK Cabinet Office Minister Pat McFadden has called for election officials to consider banning political donations made in digital currencies.

The House is expected to approve President Donald Trump’s request to claw back about $9 billion for public broadcasting and ...

The IRS’s goal is to track and tax US citizens on all their financial activities, ensuring that they are fully reporting any income generated from foreign assets. In terms of foreign property, there ...

An IRS rule proposal could give tax professionals and clients who receive assets through foreign trusts and gifts answers to technical questions they've been posing for decades. The IRS proposal would ...

Last month, the agency held a public hearing on a proposal the IRS released in May that would alter the guidelines for the reporting of transactions involving foreign trusts and gifts reflected on ...

This article summarizes the treatment of ownership of foreign trust assets; discusses the guidance for reporting a transfer and a donee's receipt of a distribution from a foreign trust, as well as ...