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FBR raises penalties for fake invoices, digital non-compliance
Pakistan's Federal Board of Revenue (FBR) has increased penalties targeting fake invoice schemes and non-compliance with digital reporting requirements. The…
KPRA launches Sahulat App for instant tax services & complaints
The Khyber Pakhtunkhwa Revenue Authority (KPRA) has launched the Sahulat App, a mobile application designed to provide taxpayers with instant…
Tax lawyers ask FBR to extend return deadline
Pakistani tax lawyers have formally requested the Federal Board of Revenue (FBR) to extend the tax return filing deadline, citing…
Umno Vows to Reintroduce GST if It Returns to Power
Malaysia's Umno party has pledged to reintroduce the Goods and Services Tax (GST) if it returns to power, reigniting a…
Organised Crime Outpaces the EU’s Anti-Fraud Defences
A report highlights how organised crime groups are increasingly outpacing the European Union's anti-fraud defences, particularly in the area of…
Israeli Court Applies Full VAT to Tel Aviv Building Sale
An Israeli court has ruled that the full VAT rate applies to the sale of a building in Tel Aviv,…
Ukraine Finance Committee Approves New VAT Rules for International Parcels
Ukraine's parliamentary Finance Committee has approved new VAT rules targeting international parcels, tightening the tax treatment of cross-border e-commerce shipments.…
Your First Look at 2027 Tax Brackets, Standard Deduction Amounts and More
An early projection of 2027 federal tax brackets and standard deduction amounts, offering taxpayers and practitioners an advance look at…
TDS Deducted but Not Deposited? Deductee Cannot Be Asked to Pay Again
An Indian tax ruling confirms that a taxpayer (deductee) cannot be compelled to pay tax again when TDS has already…
Belated Form 10B Cannot Defeat Charitable Exemption Under Section 11
An Indian tax ruling holds that a charitable trust's exemption claim under Section 11 of the Income Tax Act cannot…
Sweden proves us all wrong on VAT subsides
Sweden has challenged conventional assumptions about VAT treatment of subsidies. The article examines how Sweden's approach to VAT on subsidies…
England’s new tourist tax: what it raises, who pays, and what it costs
England is considering or has introduced a tourist tax, examining how much revenue it could generate, which visitors or accommodation…
Delhi ITAT: Transfer Pricing Comparables Can’t Be Excluded Merely Using a Rigid Turnover Filter
The Delhi Income Tax Appellate Tribunal (ITAT) has ruled that transfer pricing comparables cannot be excluded solely on the basis…
Bloomberg Tax & Accounting Projects 2027 Tax Rates
Bloomberg Tax & Accounting has released projections for 2027 federal tax rates, brackets, and related figures. These forward-looking estimates help…
Here’s What You Should Know About Trump’s Proposed $5,000 Dividend Checks
President Trump has proposed issuing $5,000 dividend checks to American citizens, funded by revenues from tariffs and potentially other government…
Breaking Trade News: New Canada Tariffs, BIS Annual Report, Monthly Trade Report
Canada has introduced new tariffs, representing a significant customs and trade development for importers and exporters operating across the US-Canada…
BIS FY2025 Annual Report Signals Major Increase in Export Enforcement
The Bureau of Industry and Security (BIS) FY2025 Annual Report highlights a substantial increase in export enforcement activity, signaling greater…
IRS Can Withhold Docs That May Air Taxpayer ID, Court Rules
A US court has ruled that the IRS may lawfully withhold documents that could reveal taxpayer identifying information, reinforcing privacy…
Australian Bill Would Hone R&D Tax Credit To Newer Firms
Australia is considering legislation that would refocus its research and development tax incentive program toward newer and smaller firms. The…
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…
Li: Taxation and Expropriation in International Investment Arbitration
A scholarly article examines the intersection of taxation and expropriation within international investment arbitration, exploring how tax measures imposed by…
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…
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