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Form 123: Tax Filing Deadline and Perquisite Reporting Requirements for Salaried Employees
En desarrollo
Business·30.04.2026Resumen IA

Form 123: Tax Filing Deadline and Perquisite Reporting Requirements for Salaried Employees

Salaried employees earning over Rs 1.5 lakh annually must obtain Form 123 (formerly Form 12BA) from their employers by April 30, 2026 for Assessment Year 2026-27. This form details all perquisites including meal card benefits, accommodation, vehicles, and other perks. The ITR filing deadline is July 31, 2026. Meal card tax benefit is up to Rs 200 per meal under both tax regimes for Tax Year 2026-2027.

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Economic Times
South Korea to Begin Receiving Global Minimum Tax Filings from 2,500+ MNEs
NOTICIA
28.04.2026Resumen IA

South Korea to Begin Receiving Global Minimum Tax Filings from 2,500+ MNEs

South Korea's tax authorities will begin receiving filings under the new global minimum corporate tax regime from over 2,500 multinational enterprises starting Friday. Companies with annual revenue exceeding 750 million euros must pay a minimum 15% tax rate for fiscal year 2024, with the deadline for filing and payment set for June 30. The rule applies regardless of whether the parent company is based domestically or abroad, aligning with the OECD's BEPS 2.0 Pillar Two framework approved by 143 countries.

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Yonhap News