Taxation in the United States

Turkey's central budget was approved by parliament's general board last week rather than at the beginning of the New Year due to the country's election agenda in 2015. Where is the revenue coming from tax income and privatization going to be spent in this year's budget? 

The number of receipts, that employees and pensioners should collect, will depend on their annual income, according to the final proposal submitted by the Finance Ministry to the Institutions.

Serbian Finance Minister Dusan Vujovic and South Korean Ambassador Lee Do-Hoon on Friday signed an agreement on avoidance of double taxation of income,

The agreement is aimed at encouraging more efficient business cooperation.

Over one million of self-employed are on high alert after the announcement of changes in the social security contributions according to the new draft law on social security system reforms.

Even those who declare a 20,000euros annual income, they will be called to pay higher contributions to the insurance organization for the self-employed (OAEE).

Penalties for citizens and business owners who fail to pay taxes on time have been reduced.

This is envisaged in the changes to the Law on Tax Procedure and Tax Administration.

The Turkish state has announced it would give employers 110 Turkish Liras per employee to decrease the burden of the minimum wage raise, while it will also tax around 99 liras per employee, in effect only slightly decreasing businesses' burden. 

Apple has agreed to pay Italy 318 million euros ($348 million) to settle a tax dispute after the US tech giant was investigated for suspected fraud, the country's tax agency said Dec. 29.

A man, aged 50, was in the center of Athens on Monday morning holding a chainsaw. He demanded to meet with the chief of the social security for agriculture (OGA) because he is having difficulties with his father’s pension subsidy.

Former Vice President of Greek Parliament Alexis Mitropoulos was prosecuted by Public Prosecutor Eleni Touloupaki on charges of tax evasion and money laundering.

The Greek Finance Ministry issued a statement ruling out an extension for the filing of citizen’s tax statements. It should be noted that the deadline for submitting tax statements is August 26. The statement underlines that: