Tag: TAXATION
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Summit Companies Face Tax Evasion Allegations of Tk1,112 Crore According to NBR
The NBR has accused two Summit companies of evading Tk1,112 crore in taxes from dividend transfers. Summit insists it has complied with tax laws and has not yet received formal notice. The investigations have revealed potential discrepancies in tax deductions for dividend payments, prompting the NBR to revoke prior exemptions and enforce tax collections retroactively,…
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Kintsugi Doubles Valuation to $80 Million with Innovative Sales Tax Solutions
Kintsugi, a startup specializing in sales tax automation, has increased its valuation to $80 million following recent funding rounds. The company offers an AI-driven platform that simplifies sales tax calculation and compliance for e-commerce businesses, providing a user-friendly experience. Established by Pujun Bhatnagar in 2022, Kintsugi has grown its customer base significantly, emphasizing transparency and…
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UK Government Proposes Increased Tax on Large E-commerce Warehouses
The UK is planning to implement higher taxes on large warehouses used by e-commerce companies like Amazon to support high street retailers. This initiative, announced by Chancellor Rachel Reeves, targets properties valued above £500,000 and aims to reduce business rates for traditional retail sectors. Critics argue that the relief offered remains insufficient as physical stores…