The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

Additionally, 72% of surveyed organizations plan to grow their compliance teams in 2025 and 63% of all respondents said their GRC budgets will increase in the next 12-24 months. These are all ...

With EV sales stagnating and infrastructure for recharging and hydrogen refuelling lagging, automakers are concerned about potential fines of up to €16bn ($16.52bn) or increased compliance costs.

In 2024 alone, over 25 per cent of financial institutions reported increased compliance costs tied to enhanced KYC requirements, according to Thomson Reuters. While geopolitical tensions present ...