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Louisiana Second Amendment Weekend Sales Tax Holiday on Firearms and Hunting Supplies
Louisiana is holding a Second Amendment Weekend sales tax holiday, temporarily exempting firearms, ammunition, and hunting supplies from state sales…
UK Private Schools Face Enrollment Slump After VAT Fee Tax Hike
UK private schools are reporting a notable decline in student enrollment following the government's removal of the VAT exemption on…
Important VAT Changes for Hospitality Food and Catering Services from July 2026
Significant VAT changes affecting hospitality, food, and catering services came into effect in July 2026, altering the tax treatment of…
Madras HC Rules GST Authorities Can Block Electronic Credit Ledger to Recover Tax Dues
The Madras High Court has ruled that GST authorities have the power to block a taxpayer's Electronic Credit Ledger as…
Politico: Trump Calls for Hollywood Tax Incentive
President Trump has called for the introduction of a federal tax incentive targeting Hollywood film and television production. The proposal…
IMF: Taxing Cross-Border Services
The IMF has published analysis on the challenges of taxing cross-border services, a growing area of concern as digital trade…
Does the IRS Leverage Technology (Algorithms) in Tax Compliance?
This article examines how the IRS uses algorithmic and AI-driven technology to enhance tax compliance efforts. It explores tools such…
WSJ: Red States Are Racing to Roll Back Property Taxes
Red states across the US are accelerating efforts to reduce or eliminate property taxes, reflecting a broader conservative fiscal trend.…
New VAT Rate Provisions for Beverages to Take Effect in 2027
New VAT rate provisions specifically targeting beverages are scheduled to take effect in 2027. The changes introduce updated VAT treatment…
Six Days Instead of Seven: Karnataka HC Sets Aside Faceless Assessment for Violating Natural Justice
The Karnataka High Court has set aside a faceless income tax assessment order on natural justice grounds, finding that the…
Seized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries
India's Income Tax Appellate Tribunal (ITAT) upheld a tax addition under Section 69 of the Income Tax Act after a…
Section 54F Exemption Allowed for Multiple Residential Units: ITAT Hyderabad Gives Relief
The ITAT Hyderabad bench has granted relief under Section 54F of the Income Tax Act, allowing a capital gains exemption…
ECJ & General Court VAT Cases decided in 2026
A curated compilation of VAT-related judgments issued by the European Court of Justice and the General Court during 2026. This…
European Court T-413/25 (Peckeger) – Judgment – Article 19 VAT Directive precludes income-based TOGC restrictions and has direct effect
The General Court ruled in case T-413/25 (Peckeger) that Article 19 of the VAT Directive, which governs the transfer of…
Russia Clarifies VAT Exemption for Industrial Products Containing Precious Metals
Russia's tax authorities have issued clarificatory guidance on the application of VAT exemptions to industrial products that contain precious metals.…
Chile Requires Platforms to Report Transactions by Users Claiming No Tax-Registration Obligation
Chile has introduced a requirement compelling digital platforms to report transaction data on behalf of users who claim they have…
Timor-Leste VAT implementation 2027
Timor-Leste is planning to implement a VAT system by 2027, marking a significant shift in the country's indirect tax framework.…
ITAT Jodhpur: TDS Credit Can’t Be Rejected Solely Due to Reflection in Trustee’s PAN
The Income Tax Appellate Tribunal (ITAT) Jodhpur has ruled that TDS (Tax Deducted at Source) credit cannot be denied to…
Breaking Trade News: CBP Supply Chain ANPRM, Trade Crimes Bill Passes House
U.S. Customs and Border Protection (CBP) has issued an Advance Notice of Proposed Rulemaking (ANPRM) targeting supply chain compliance, while…
IRS Processing of Paper Returns Took Twice as Long This Past Filing Season
The IRS took twice as long to process paper tax returns during the most recent filing season, raising concerns about…
Hong Kong And Slovenia Sign Tax Treaty
Hong Kong and Slovenia have signed a bilateral tax treaty, marking a significant development in their cross-border tax relations. The…
Illinois Digital Asset Tax Act Draws Scrutiny as Repeal Effort Emerges
Illinois enacted the Digital Asset Tax Act, which has attracted significant scrutiny from industry participants and lawmakers alike. A repeal…
WSJ: How to Play the Retirement Tax Guessing Game
The Wall Street Journal examines the challenges retirees face when planning for taxes in retirement, highlighting the uncertainty around future…
Assam Govt Notifies Circular No. 01/2026 Establishing GST Facilitation Centres for Taxpayers & DDOs
The Assam state government has issued Circular No. 01/2026 establishing GST Facilitation Centres to assist taxpayers and Drawing and Disbursing…
Clarke & Glogower, The Indirect Taxes
Clarke and Glogower's academic paper 'The Indirect Taxes' examines the theoretical and structural foundations of indirect taxation, including VAT, sales…
Annex 1 — payrolling examples for different scenarios
HMRC has published draft guidance and worked examples covering the mandatory payrolling of benefits in kind (BIK) in real time,…
FTT Upholds VAT Late Payment Penalties in Pertemps Ltd Appeal
The UK First-tier Tribunal upheld HMRC's imposition of VAT late payment penalties against Pertemps Ltd, a major staffing and recruitment…
Revised Guide on Sales and Service Tax Refunds, Drawbacks and Reviews
Malaysia's Royal Customs Department has released a revised guide covering refunds, drawbacks, and review procedures under the Sales and Service…
FTT Rejects HMRC Strike-Out in Apricot Umbrella VAT Appeal
The UK First-tier Tribunal (FTT) rejected HMRC's application to strike out Apricot Umbrella's VAT appeal, allowing the case to proceed…
Malaysia Public Ruling Tightens Tax Rules on Employee Secondments
Malaysia's Inland Revenue Board has issued a new Public Ruling tightening the tax treatment of employee secondments, with implications for…
FTT Allows Luxurico to Recover VAT on Hypercar Acquisition
The UK First-tier Tribunal ruled in favour of Luxurico, allowing the company to recover input VAT incurred on the acquisition…
The Safe Harbor Rule Every Founder Should Know
This article covers the safe harbor rule relevant to founders, likely addressing estimated tax payment thresholds or R&D/startup tax provisions…
Italy – Automated VAT assessments in case of omitted Annual VAT Return
Italy has introduced a system of automated VAT assessments targeting taxpayers who fail to file their annual VAT return. Under…
Estonia: Further Clarity on Debt Push-Down Structures
Estonia has provided further regulatory clarity on debt push-down structures, a financing technique where acquisition debt is pushed down to…
Cyprus: OECD Reshapes Transfer Pricing and Treaty Benefits
Cyprus is adapting its transfer pricing framework and tax treaty benefit rules in response to OECD developments, including BEPS-driven standards.…
Canada: Expanding the Scope of Taxable Canadian Property
Canada is broadening the definition of Taxable Canadian Property (TCP), which determines when non-residents are subject to Canadian capital gains…
France prioritizes business support as e-invoicing reform goes live
France has launched its e-invoicing reform, with authorities emphasizing business support measures to ease the transition for companies. The rollout…
Windfall Profits Taxes in Europe, 2026
This Tax Foundation analysis examines windfall profits taxes across Europe as of 2026, reviewing how various European countries have implemented…
Madras HC Considers Screenshot Proof of Technical Glitch, Orders Portal Access for ITR Upload
The Madras High Court ruled that screenshot evidence of a technical glitch on India's income tax portal constitutes valid proof,…
EU €2 parcel Customs handling fee Nov 2026
The EU is considering introducing a €2 customs handling fee on low-value parcels from non-EU sellers, targeted at the surge…
Madras HC Rejects Bogus LTCG Allegation Based on Sharp Jump in Share Price, Restores Section 10(38) Exemption
The Madras High Court rejected tax authorities' allegation that a taxpayer's long-term capital gains (LTCG) were bogus solely on the…
Italy VAT Return Failure and Input Tax Credit Rights
This article examines Italian VAT rules concerning a taxpayer's right to claim input tax credits when VAT return filings have…
Malaysia: E-invoicing threshold increased
Malaysia has raised the threshold for mandatory e-invoicing compliance, affecting which businesses are required to participate in the country's phased…
How the DBNA and Peppol Architecture Are Modernizing U.S. B2B E-Invoicing
The Digital Business Networks Alliance (DBNA) and Peppol framework are being adopted to modernize B2B e-invoicing infrastructure in the United…
Ohio Senator Wants to Wipe Out Data Center Tax Breaks Nationwide
An Ohio senator is pushing federal legislation to eliminate state and local tax incentives for data centers across the United…
Trump Backs a Federal Film Tax Credit. What That Could Mean for Hollywood
President Trump has expressed support for establishing a federal film tax credit, a move that could significantly alter the competitive…
Getting Crypto Tax Reform Right Means Prioritizing Neutrality
This article argues that cryptocurrency tax reform should be guided by the principle of tax neutrality, ensuring that crypto assets…
The Only Winners from Trump’s Tariffs Are Big Corporations
An analysis from the Institute on Taxation and Economic Policy (ITEP) argues that Trump's tariff policies disproportionately benefit large corporations…
Bloomberg: Business Group Urges Tax Court to Stop Covid-19 Interest Accrual
A business group is urging the U.S. Tax Court to halt the accrual of interest on Covid-19-related tax obligations, arguing…
Australia Floats Bill For 30% Min. Tax On Discretionary Trusts
Australia has introduced legislation proposing a 30% minimum tax on discretionary trusts, targeting income distributed to beneficiaries. The bill aims…
Master the UBL Standard: Navigating E-Invoicing in the Netherlands and Europe
This article covers the Universal Business Language (UBL) standard as it applies to e-invoicing requirements in the Netherlands and across…
The Impact of Fiscal Policy to Promote Healthy Diets: Evidence from the Navajo Nation -- by John Cawley, Mallory Dreyer, Kosali I. Simon
This NBER paper examines the fiscal policy effects of the Navajo Nation's unique tax structure on diet and health outcomes.…
EU Council OKs Bloc Customs Modernization Program
The EU Council has approved a modernization program for the bloc's customs union, marking a significant regulatory update to how…
Let’s Talk About the Sec 962 Election
An examination of the Section 962 election, a US tax provision allowing individual shareholders of controlled foreign corporations (CFCs) to…
Mandatory payrolling of benefits in kind from April 2027
From April 2027, employers in the UK will be required to payroll benefits in kind (BiK) rather than reporting them…
Colombia plans to postpone mandatory issuance of new electronic document types
Colombia's tax authority (DIAN) has proposed a last-minute postponement of mandatory deadlines for issuing new electronic document types, originally established…
UAE Publishes Further Details on Upcoming E-Invoicing Mandate
The United Arab Emirates has published further details on its upcoming e-invoicing mandate, which will adopt a decentralized 5-corner model…
Tax Master Data: A critical component of any tax departments future success
Tax master data management is emerging as a critical discipline for modern tax departments, underpinning accurate tax determination, reporting, and…
E-Invoice Clearance vs Post-Audit: Mandate Models Compared
E-invoicing mandates globally follow two primary models: clearance systems, where invoices are validated by tax authorities in real time before…
Why Doesn't the US Have VAT? Sales Tax Explained
The United States stands apart from most major economies by operating a state-by-state sales tax system rather than a federal…
Malaysia increases SST rate as of 1 March 2024
Malaysia raised its Sales Tax and Service Tax (SST) rate from 6% to 8% effective 1 March 2024, applying to…
Fonoa: Challenges for Digital Platform Operators as DAC7 Looms
With DAC7 reporting obligations coming into force in the EU, digital platform operators face significant compliance challenges around data collection,…
The Belgian Ministry of Finance Provides Details on the Upcoming E-invoicing Mandate
The Belgian Ministry of Finance has released details on its upcoming mandatory B2B e-invoicing requirement, set to take effect on…
PCDMA warns FBR IRIS glitches are delaying sales tax returns
Pakistan's Cellular Distributors and Manufacturers Association (PCDMA) has raised concerns with the Federal Board of Revenue (FBR) over persistent technical…
Congress approves funding bill that maintains IRS budget
Congress has approved a funding bill that maintains the IRS budget at current levels. The legislation preserves the tax agency's…
Congress approves funding bill that maintains IRS budget
Congress has passed a funding bill that preserves the IRS budget at current levels, avoiding cuts that had been proposed…
Delhi ITAT Holds Entire Bogus Purchase Value Not Addable to Income, Limits Addition to 5% of Turnover
The Delhi Income Tax Appellate Tribunal (ITAT) has ruled that the entire value of bogus purchases cannot be added to…
£13.5 Million VAT Dispute: Tribunal Rules in Favour of Tapi Carpets Over Flooring Installation
A UK First-tier Tribunal has ruled in favour of Tapi Carpets in a £13.5 million VAT dispute concerning the VAT…
UK to abolish £135 Low Value Import Relief by October 2028
The UK government has announced plans to abolish the £135 low value import relief threshold by October 2028, removing the…
BREAKING: IRS Moves To Strip Schools' Tax Exemptions Over DEI Policies
The IRS is moving to revoke tax-exempt status from private schools that maintain diversity, equity, and inclusion (DEI) policies, marking…
ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know
India has introduced ITR-BN, a new income tax return form specifically designed for block assessments — a mechanism used when…
Section 264 Cannot Become a Backdoor for a Time-Barred Revised Return: Supreme Court
India's Supreme Court has ruled that Section 264 of the Income Tax Act — which allows taxpayers to file revision…
IT Department Introduces Form 1 for Reporting Undisclosed Foreign Assets Under FAST-DS 2026
India's Income Tax Department has introduced Form 1 under the Foreign Assets and Tax Disclosure Scheme 2026 (FAST-DS 2026), enabling…
Brazil Publishes Phased Electronic-Document Calendar for CBS and IBS
Brazil has published a phased rollout calendar for electronic documents under its new CBS (Contribuição sobre Bens e Serviços) and…
E-Invoicing: No penalties in 2026
An e-invoicing regime—jurisdiction unspecified in the title—will not impose penalties on non-compliant businesses during 2026, suggesting a transitional grace period…
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