Taxation Questions and Answers

what is the new tax laws in nigeria,explain in details

Dividends paid from a life insurance policy are A. guaranteed B. taxable C. issued by the insurer D. issued by the Department of Insurance

Why would I get a letter from the Department of Treasury, Internal Revenue Service, Austin, Texas?

A taxpayer who is, or whose spouse or child is a person with a disability, may claim the following AMTC… a. 33,3% of the fees paid by the taxpayer to a registered medical scheme (or similar qualifying foreign fund) that exceeds three times the amount of the MTC to which that taxpayer is entitled; plus, qualifying medical expenses paid by the taxpayer. b. 25% of the fees paid by the taxpayer to a registered medical scheme (or similar qualifying foreign fund) that exceeds four times the amount of the MTC to which that taxpayer is entitled; plus 25% of the qualifying medical expenses paid by the person; less 25% of the taxpayers taxable income. c. 25% of the amount by which the sum of the amounts listed below exceeds 7,5% of the person's taxable income (excluding retirement fund lump sum benefits, retirement fund lump sum withdrawal benefits, and severance benefits) before taking into account this AMTC: All fees paid by the person to a registered medical scheme (or similar qualifying foreign fund) as exceeds four times the amount of the MTC to which that person is entitled; and The qualifying medical expenses paid by the person (for example, certain out-of-pocket expenses). d. 33,3% of the fees paid by the taxpayer to a registered medical scheme (or similar qualifying foreign fund) that exceeds three times the amount of the MTC to which that taxpayer is entitled; plus 33,3% of the qualifying medical expenses paid by the taxpayer.