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Illinois Governor signing budget bill with crypto tax provisions
Larawang ginawa ng AI

Illinois governor signs budget with new crypto tax

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Illinois Governor J.B. Pritzker signed the state's fiscal 2027 budget on June 16, which includes a new 0.2 percent tax on digital asset business activities. The measure applies to companies that exchange, store or transfer crypto for Illinois residents.

Egypt's House of Representatives granted final approval on Tuesday to amendments in the Value Added Tax law. The changes reduce the tax on medical devices to 5 percent and introduce a schedule tax on natural gas.

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Teachers across Kenya are seeking clarification from the Teachers Service Commission after noticing higher Pay As You Earn deductions in their June payslips.

Left Party leader Nooshi Dadgostar demands a billionaire tax for justice and welfare. She argues the wealthy should contribute more than wage earners.

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The Sheger City High Court crime bench sentenced five defendants convicted of tax evasion using forged documents to prison terms and fines.

Treasury Cabinet Secretary John Mbadi has confirmed that the government’s earlier proposal to raise the PAYE tax-free threshold from KSh 24,000 to KSh 30,000 remains under consideration, despite its absence from the draft Finance Bill 2026.

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The Ministry of Revenues has opened an office at the Eastern Industrial Park to deliver efficient and transparent tax services to manufacturers.

 

 

 

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