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The OBBBA is Reshaping How Mid-Market Businesses Invest, Grow And Create Value
The One Big Beautiful Budget Act (OBBBA) is significantly influencing investment and growth strategies for mid-market businesses. The legislation introduces…
Donating Appreciated Publicly Traded Securities to Charity
Donating appreciated publicly traded securities directly to charity offers a significant tax advantage for Canadian taxpayers: the capital gains inclusion…
IRS Posts Additional Guidance on Section 45Z Clean Fuel Credit
The IRS has released additional guidance on the Section 45Z Clean Fuel Production Credit, a tax incentive introduced under recent…
Presidente de Honduras recibe misión oficial del CIAT para abordar temas de cooperación y fortalecimiento de la administración tributaria
The President of Honduras received an official mission from CIAT (Inter-American Center of Tax Administrations) to discuss cooperation and strengthening…
TurboTax Maker Intuit Paid Zero Federal Income Tax in 2025
Intuit, the maker of TurboTax, paid zero federal income tax in 2025 despite reporting substantial profits, according to an analysis…
How SaaS Classification Changes Create Hidden Sales Tax Exposure
Changes in how SaaS products are classified can create unexpected sales tax exposure for businesses. As states increasingly treat software-as-a-service…
UN Framework Convention – Roundup of the Fifth Session of Negotiations
The fifth session of negotiations under the UN Framework Convention on international tax cooperation has concluded. This session represents a…
Por qué la Recomendación 16 del GAFI es relevante para las administraciones tributarias
FATF Recommendation 16, which governs wire transfers and payment transparency, holds significant relevance for tax administrations seeking to combat tax…
Selecting an Accredited Service Provider (ASP) in the UAE: What Enterprise Buyers Need to Evaluate Before October 30
With the UAE's e-invoicing mandate deadline of October 30 approaching, enterprise buyers must carefully evaluate Accredited Service Provider (ASP) options…
Ore. Court OKs Recouping Tax After Farm Break Revoked
An Oregon court has ruled that the state may recoup previously granted tax benefits after a farm's tax exemption was…
FBR to deploy real-time production monitoring system across leather sector by Dec 2026
Pakistan's Federal Board of Revenue (FBR) is set to deploy a real-time production monitoring system across the leather sector by…
Ørsted Secures UK Tax Rights For 2 Offshore Wind Farms
Danish energy company Ørsted has secured UK tax rights in connection with two offshore wind farm projects. The development relates…
Delhi HC Orders GST Authorities to Ensure Biometric Aadhaar Authentication for New GST Registrations
The Delhi High Court has ordered GST authorities to implement mandatory biometric Aadhaar authentication for new GST registrations. The ruling…
Netherlands domestic B2B e-invoicing & e-reporting July 2030
The Netherlands is taking a cautious approach to mandatory domestic B2B e-invoicing, with implementation not expected until July 2030. Despite…
ECJ C-565/24 (P-GmbH & Co. KG) – Judgment – VAT Margin Scheme Applies to “Coffee Trips,” No Refund for Negative Margin
The European Court of Justice ruled in case C-565/24 (P-GmbH & Co. KG) that the VAT margin scheme applies to…
Work out your qualifying income for Making Tax Digital for Income Tax
HMRC has published guidance helping self-employed individuals and landlords calculate their qualifying income to determine whether they must comply with…
Check what to do if HMRC has signed you up for Making Tax Digital for Income Tax
HMRC has issued guidance for taxpayers who have been automatically enrolled into Making Tax Digital for Income Tax (MTD for…
British Airways ruling: ground handling receipts outside India–UK treaty’s Article 8 scope
An Indian tax ruling has determined that ground handling receipts earned by British Airways fall outside the scope of Article…
Business tax treatment of virtual assets
Taiwan has issued updated guidance on the business tax treatment of virtual assets, exempting cryptocurrencies and stablecoins from VAT when…
Argentina Expands Mandatory E-Invoicing to Monotributo and VAT-Exempt Taxpayers
Argentina's tax authority has expanded its mandatory electronic invoicing regime to cover Monotributo taxpayers (small business flat-rate filers) and entities…
Guidelines on VAT not being deductible for non-taxable transactions
New guidelines have been issued clarifying that input VAT is not deductible where costs relate to non-taxable transactions — i.e.,…
The Thin Line Between Intercompany Services and Intangibles: Navigating OECD Chapter 7
This article examines the complex boundary between intercompany services and intangibles under OECD Transfer Pricing Guidelines Chapter 7. It explores…
CBDT Allows Sharing of Income-Tax Data with Andhra Pradesh ITE&C to Identify Eligible Welfare Scheme Beneficiaries
India's Central Board of Direct Taxes (CBDT) has authorized the sharing of income-tax data with Andhra Pradesh's Information Technology, Electronics…
Section 54F Exemption Cannot Be Denied Merely Because Construction or Registration Is Delayed
An Indian tax ruling clarifies that the Section 54F capital gains exemption for reinvestment in residential property cannot be denied…
TDR Is Not Always a Zero-Cost Asset
An Indian tax ruling addresses the cost basis of Transferable Development Rights (TDR), determining that TDR should not automatically be…
₹104.99 Crore Purchase Addition Deleted: Bogus Purchase Does Not Automatically Mean Unexplained Expenditure
An Indian tax tribunal deleted a ₹104.99 crore addition made by tax authorities on the basis of bogus purchases, ruling…
Amazon Pan-EU FBA Rules Expand to the Netherlands and Belgium
Amazon's Pan-EU Fulfillment by Amazon (FBA) program is expanding to include the Netherlands and Belgium, with significant VAT implications for…
UN cross-border services tax plan collides with VAT
The UN is advancing a proposal to impose withholding taxes on cross-border services payments made to non-residents, creating a potential…
Karnataka HC: TPO Can’t Discard Comparables Solely to Adopt Department’s Preferred Set
The Karnataka High Court has ruled that a Transfer Pricing Officer (TPO) cannot arbitrarily discard comparables selected during a transfer…
UAE VAT amendments 1 October 2026
The UAE is implementing VAT amendments effective 1 October 2026, updating its VAT legislation with changes relevant to businesses operating…
IRS Clarifies Coordination of Section 174 Method Changes and Accelerated Recovery Elections
The IRS has issued clarification on how Section 174 method changes coordinate with accelerated recovery elections for research and experimental…
Tax Pros Face Client Questions About Delinquent SBA Pandemic Loans
Tax professionals are fielding increasing client inquiries regarding delinquent SBA pandemic-era loans, raising complex tax implications. When the SBA forgives…
Pittsburgh Schools Say Commission Can't Decide Tax Suit
Pittsburgh public schools are contesting whether a commission has jurisdiction to adjudicate a tax dispute, arguing that the matter falls…
Trump 2.0 tariff tracker
A tracker resource monitoring the evolving tariff measures introduced under the Trump administration's second term. The tool covers the wide…
Wash. High Court Takes Up Yakama Nation Fuel Tax Dispute
The Washington Supreme Court has agreed to hear a fuel tax dispute involving the Yakama Nation, a Native American tribe.…
Durable Medical Equipment Sales Tax Exemptions: What a Michigan Court Teaches Medical Sellers
A Michigan court ruling on sales tax exemptions for durable medical equipment (DME) offers important guidance for medical sellers navigating…
No, Tariffs Can’t Fund $5,000 Dividends to All Adult US Citizens
The Tax Foundation analyzes a proposal to distribute $5,000 dividends to all adult US citizens funded by tariff revenue, finding…
IRS Tax Revenue Surged to Record High in FY 2025 While Audit Revenue Dipped 35%
The IRS collected record-high tax revenue in fiscal year 2025, reflecting strong overall collection performance. However, audit-generated revenue fell 35%…
Tax Court Nod To Income Approach Props Easement Valuation
The U.S. Tax Court has approved the use of an income approach methodology for valuing a conservation easement, a significant…
Trump Promised Americans $5,000 if Republicans Win Congress. Here’s the Math.
An analysis of Donald Trump's promise to deliver $5,000 to Americans if Republicans win Congress, examining the fiscal and tax…
The U.S. Trade War with Canada Escalates with Import Bans and More Products Subject to Section 338 Tariffs
The U.S.-Canada trade dispute has intensified with the expansion of Section 338 tariffs to additional product categories and the introduction…
IRS Needs to Refine Employee Training on Taxpayer Representation, TIGTA Says
The Treasury Inspector General for Tax Administration (TIGTA) has found that the IRS needs to improve employee training regarding taxpayer…
Switzerland Sets Individual Taxation Date
Switzerland has announced a specific implementation date for individual taxation reform, moving away from the current joint taxation system for…
Portugal Extends Pillar Two Filing Deadline
Portugal has extended the filing deadline for Pillar Two compliance obligations, giving multinational enterprises additional time to submit the required…
South Africa: PAYE Changes for Non-Resident Employers
South Africa's tax authority has introduced changes to the Pay-As-You-Earn (PAYE) regime as it applies to non-resident employers with employees…
VAT Update on Disabled Facilities Grants: Admin Fees and Top-Slicing
Updated VAT guidance has been issued concerning Disabled Facilities Grants, specifically addressing the VAT treatment of administrative fees charged by…
BIR Clarifies VAT Refunds for Exporters Awaiting Zero-Rating Certification
The Philippines Bureau of Internal Revenue (BIR) has issued clarification on the entitlement of exporters to VAT refunds while awaiting…
Tasmanian Parliament Demands Fair GST Deal and Restoration of Fiscal Equalisation
The Tasmanian Parliament has passed a motion demanding a fairer distribution of GST revenue and the restoration of full horizontal…
Intercompany Offsetting Agreements in VAT Refund Cases
A legal or regulatory development addresses the use of intercompany offsetting agreements in the context of VAT refund claims, examining…
VAT Guidance for Outsourced Fund Management Services
New VAT guidance has been issued addressing the treatment of outsourced fund management services. The guidance clarifies how VAT applies…
Neb. Tax Board Upholds $1.8M Value Of Apartment Complex
Nebraska's Tax Equalization and Review Commission has upheld the $1.8 million assessed value of an apartment complex, affirming the local…
Observatorio de las reformas fiscales y el fortalecimiento de las administraciones tributarias de América Latina. Alerta tributaria (enero/julio 2026)
CIAT's tax reform observatory publishes its January–July 2026 alert covering fiscal reforms and strengthening of tax administrations across Latin America.…
Opinion: Trump Accounts Show Why Government Trust Matters
This opinion piece examines Trump Accounts—a new savings vehicle proposed under recent U.S. tax legislation—through the lens of public trust…
Tax Due On Leased Part Of City Parking, Minn. Court Says
A Minnesota court has ruled that a portion of a city-owned parking facility leased to a private entity is subject…
Cannabis Equipment OK For Tax Break, Colo. Dept. Says
The Colorado Department of Revenue has determined that equipment used in cannabis cultivation and processing qualifies for a state tax…
Universities UK: a £6bn lesson in bad tax policy
Universities UK has put forward a proposal regarding National Insurance contributions that highlights flawed tax policy thinking. The piece critiques…
State Rundown 9/10: States Brace for (and in Some Cases Embrace) Ballots and Budgets
This ITEP state rundown covers tax-related ballot measures and budget developments across multiple U.S. states. States are preparing for upcoming…
Govt cuts duties on imported mobile phones, premium handset RD falls 20pc
Pakistan's government has reduced customs duties on imported mobile phones, with the regulatory duty (RD) on premium handsets falling by…
Visitor levy in England
The UK government has launched a consultation on introducing an overnight visitor levy in England, similar to tourist taxes already…
CBIC Defends GST Growth Calculation Method Amid Data Manipulation Claims
India's Central Board of Indirect Taxes and Customs (CBIC) has defended its methodology for calculating GST revenue growth figures following…
Private Schools and Tax-Exempt Status: Understanding the IRS’s Proposed Changes to Racial Nondiscrimination Requirements
The IRS has proposed changes to racial nondiscrimination requirements for private schools seeking or maintaining tax-exempt status. The proposed updates…
Can AI Finally Tame the K-1?
The article explores whether artificial intelligence can effectively handle the complexity of Schedule K-1 tax forms, which report partnership, S-corporation,…
Seed Company on Leased Land Can Earn Exempt Agricultural Income
An Indian ruling clarifies that a seed company operating on leased agricultural land can qualify for exemption on agricultural income…
New roles and responsibilities: redefining accountability at the EU border
The EU is redefining roles and accountability at its borders, with significant implications for customs and trade compliance. The article…
Rajkot ITAT Holds Entire Joint Property Purchase Cannot Be Taxed Without Identifying Assessee’s Share
The Rajkot Income Tax Appellate Tribunal (ITAT) has ruled that where a property is jointly purchased, tax authorities cannot assess…
North Macedonia Proposes Phased E-Invoicing Mandate from April 2027
North Macedonia is proposing a phased e-invoicing mandate set to begin in April 2027. The initiative would require businesses to…
₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable
An Indian tax case examines a situation where ₹5.01 crore in suppressed sales was detected, yet the taxable addition was…
Key VAT updates for September 2026
This article from Saffery covers key VAT developments for September 2026, likely including regulatory updates, HMRC guidance changes, case law,…
Spanish B2B Crea y Crece e-invoice & e-reporting 1st Oct 2027 delay
Spain has delayed the mandatory B2B e-invoicing requirement under the Crea y Crece law, with the new deadline set for…
New Guide Shows How Firms Build New Sales Tax Service Lines
A new guide offers accounting firms a roadmap for establishing sales tax service lines as a revenue opportunity. As sales…
Chennai GSTAT to Examine Direct Availment of GST ITC by Transferee After Merger Without Section 18(3) & Rule 41 Compliance
The Chennai GST Appellate Tribunal (GSTAT) is set to examine whether a transferee company can directly avail GST Input Tax…
5 Top AI-Powered Tax Compliance Tools in 2026
An overview of leading AI-powered tax compliance tools available in 2026, highlighting software solutions that assist tax practitioners with automating…
ViDA’s overlooked 2028 digital identity challenge
The EU's VAT in the Digital Age (ViDA) package introduces a largely overlooked digital identity verification challenge set for 2028.…
Foreign Asset Disclosure Scheme 2026: 60% Tax or Just ₹1 Lakh?
India's Foreign Asset Disclosure Scheme 2026 presents taxpayers with a critical choice: voluntarily disclose undisclosed foreign assets and face a…
Suspicion Is Not Income: Karnataka HC Rejects Tax Additions Based on Extrapolation
The Karnataka High Court has ruled against income tax additions made purely on the basis of suspicion and statistical extrapolation,…
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