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Delhi (PB) GSTAT Finds No Profiteering as ITC-to-Purchase Ratio Decreased by 0.12% After GST Implementation
The Delhi (PB) GST Appellate Tribunal ruled that no profiteering occurred following GST implementation, finding that the ratio of input…
AI can handle your tax workflow, but can you trust it?
The article examines the growing role of AI in tax workflows, addressing practitioner concerns around reliability, accuracy, and trust. As…
Four Ways US Bond Markets Affect Tax Revenue
This Tax Foundation analysis examines the relationship between US bond markets and federal tax revenue through four key channels. Rising…
Loss from Cryptocurrency Fraud Accepted as Non-Capital Loss
A tax ruling has accepted that losses arising from cryptocurrency fraud qualify as non-capital losses rather than capital losses. This…
DHS Adds 43 Companies to the UFLPA Entity List, the Largest Expansion Yet
The Department of Homeland Security has made its largest-ever expansion of the Uyghur Forced Labor Prevention Act (UFLPA) Entity List,…
EU Clarifies VAT Treatment of New EUR 3 Customs Duty on Low-Value Imports
The EU has issued clarification on how VAT applies to the new EUR 3 customs duty introduced on low-value imports,…
EU Commission Revises OSS Guidelines for ViDA: Key Changes Effective from 1 January 2027
The European Commission has revised its One Stop Shop (OSS) guidelines ahead of the VAT in the Digital Age (ViDA)…
European Commission Updates VAT E-Commerce Explanatory Notes for ViDA Changes Taking Effect on 1 January 2027
The European Commission has updated its explanatory notes on VAT for e-commerce to reflect ViDA reforms coming into force on…
Calif. Pot Retailer Owes $540K In Taxes, Lost Permit, City Says
A California cannabis retailer has been found to owe approximately $540,000 in unpaid taxes and has lost its operating permit,…
DT-06-2025: Estudio sobre Inteligencia Artificial aplicada a los precios de transferencia (Ahora disponible en inglés))
CIAT has published a study (DT-06-2025) on the application of artificial intelligence to transfer pricing, now available in English. The…
CIAT contribuye al fortalecimiento de la evaluación de riesgos fiscales en el sector minero
CIAT has contributed to strengthening fiscal risk assessment methodologies in the mining sector, supporting tax administrations in identifying and managing…
IRS Corrects Proposed Regs On Foreign Tax Rules
The IRS has issued corrections to proposed regulations governing foreign tax rules, addressing technical errors or clarifications in the previously…
Taxation in Vietnam: what foreign investors need to know
Vietnam's tax framework presents several key considerations for foreign investors. The country imposes corporate income tax at a standard rate…
U.S.-Canada Tariff Escalation: New Section 338 Tariffs and Canadian Retaliatory Tariffs
This article examines the escalating tariff dispute between the U.S. and Canada, focusing on new Section 338 tariffs imposed by…
PM directs third-party audit of FBR reforms to ensure transparency
Pakistan's Prime Minister has directed a third-party audit of reforms undertaken at the Federal Board of Revenue (FBR), the country's…
Protecting the Tax Base: KRA’s Progress in International Taxation
This article examines the Kenya Revenue Authority's (KRA) efforts to protect Kenya's tax base through international taxation measures. The KRA…
Correspondence: Edition 6: Making Tax Digital for Income Tax — software developer newsletter
HMRC's sixth edition of the Making Tax Digital for Income Tax software developer newsletter provides technical guidance and updates for…
Romania Cancels Certain VAT Assessments for Deregistered Taxpayers and Agricultural Cooperatives
Romania has introduced measures to cancel certain VAT assessments affecting two specific taxpayer groups: deregistered taxpayers and agricultural cooperatives. The…
Italy Extends Reduced Diesel Excise Duty
Italy has extended its reduced excise duty rate on diesel fuel, continuing a relief measure that lowers the tax burden…
Bahamas to Launch One Tax Portal and Bahamas Identification Number Registration
The Bahamas is set to launch a unified tax portal called One Tax Portal, alongside the introduction of a Bahamas…
Dominican Republic Publishes Practical Guidance on Income Tax Treatment of Bad Debts
The Dominican Republic's tax authority has issued practical guidance clarifying the income tax treatment of bad debts. The guidance addresses…
Congo Republic Sets 1 October Deadline for Mandatory Electronic Tax Filing and Payment
The Congo Republic has established 1 October as the mandatory deadline for electronic tax filing and payment, requiring taxpayers to…
US‑Canada Trade War Deepens as Trump Revives Depression‑Era Trade Tool – What’s at Stake for Consumers and the Midterms
The escalating US-Canada trade war has taken a significant turn as the Trump administration revives Depression-era trade mechanisms to impose…
Gas Taxes by State, 2026
A state-by-state breakdown of gasoline and diesel excise tax rates across the United States for 2026, published by the Tax…
CIT(E) Must Specify the Exact “Specified Violation” Before Cancelling Trust Registration: ITAT Mumbai
The Mumbai Income Tax Appellate Tribunal ruled that the Commissioner of Income Tax (Exemptions) must precisely identify the specific 'specified…
Official Statistics: Property rental income statistics
HMRC has published updated official statistics on property rental income in the UK, covering data on landlords and rental income…
France Publishes Practical Guidance for the September 2026 E-Invoicing Launch
France has published practical guidance ahead of its mandatory e-invoicing rollout scheduled for September 2026. The guidance provides businesses and…
The DGFiP Has Spoken: France’s September e-Invoicing Deadline Stands
France's tax authority, the DGFiP, has confirmed that the September 2026 e-invoicing mandate deadline will not be postponed. Businesses operating…
Capital gains tax revenues make the case for the Taxing Wealth Report
UK capital gains tax revenue data is presented as evidence supporting the recommendations of the Taxing Wealth Report, which advocates…
Section 80P Deduction Can Be Claimed During Assessment Proceedings Even If Not Claimed in ITR: ITAT
The Income Tax Appellate Tribunal held that a cooperative society can claim the Section 80P deduction during assessment proceedings even…
Goodbye quarterly reporting, hello e-invoicing: How UK businesses need to rethink tax compliance
UK businesses face a significant shift in tax compliance obligations as the country moves toward e-invoicing alongside existing quarterly reporting…
South Korea: 2026 tax reform proposals
South Korea has released its 2026 tax reform proposals, outlining planned changes to the country's tax framework. The reforms are…
UK TikTok Shop Growth, Live Commerce and VAT Rules
TikTok Shop's rapid growth in the UK has brought live commerce into focus for VAT compliance. As sellers and creators…
FBR expands AML rules to cover high-value jewellers’ cash deals
Pakistan's Federal Board of Revenue (FBR) has extended anti-money laundering (AML) regulations to cover high-value cash transactions conducted by jewellers.…
Luxembourg 2028 B2B e-invoicing Bill; Peppol confirmed
Luxembourg has introduced a B2B e-invoicing bill targeting a 2028 rollout, with Peppol confirmed as the underlying framework. The legislation…
Hungary eVAT digital ledgers & pre-filled returns mandatory 2027
Hungary is mandating its eVAT digital ledger and pre-filled VAT return system from 2027, following repeated delays. The eVAT regime…
TIGTA Partners with DOJ to Root Out Fraud Schemes
The Treasury Inspector General for Tax Administration (TIGTA) has partnered with the Department of Justice to identify and prosecute tax…
Grocers' Microcaptive Valid For Tax Benefits, 7th Circ. Told
The Seventh Circuit is hearing arguments that a grocery chain's microcaptive insurance arrangement qualifies for legitimate tax benefits. The case…
MARTA, Atlanta Reach $52M Deal In Lengthy Tax Dispute
MARTA, the Atlanta metropolitan transit authority, has reached a $52 million settlement resolving a lengthy tax dispute with the city…
California NAACP, Equality California, SF Dems Oppose Prop. 40’s Billionaire Tax
California's Proposition 40, a ballot measure proposing a wealth tax targeting billionaires, is facing opposition from unexpected quarters including the…
Couple Did Not Back Up Business Deductions, Tax Court Says
The U.S. Tax Court has ruled against a married couple who claimed business deductions they could not adequately substantiate. The…
Tax Court Won't Add Docs In Whistleblower Award Row
The U.S. Tax Court has declined to admit additional documents in a dispute over an IRS whistleblower award, ruling that…
ERC Filing Deadlines Raise Tax Adviser Liability Risk
Approaching Employee Retention Credit filing deadlines are creating heightened professional liability risks for tax advisers who assisted clients with ERC…
EU VAT Committee provides insight into the practical implementation of ViDA
The EU VAT Committee has released guidance on the practical implementation of the VAT in the Digital Age (ViDA) package,…
Outdated IRS forms could cost firms compliance in 2026
Outdated IRS forms pose a significant compliance risk for firms heading into 2026. As the IRS updates its reporting requirements,…
South Dakota Sales Tax Rate to Return to 4.5% in July 2027
South Dakota has legislated for its sales tax rate to revert to 4.5% in July 2027, reversing a temporary reduction…
Kentucky Removes Transaction-Count Test for Remote Seller Nexus
Kentucky has amended its remote seller nexus rules by eliminating the transaction-count threshold, previously set at 200 transactions per year,…
California and Colorado Expand Sales Tax Treatment of Software from 2027
California and Colorado have each enacted legislation expanding the sales tax treatment of software effective 2027. The changes broaden the…
Outdated W-8 and W-9 forms could cost firms compliance
Outdated W-8 and W-9 tax withholding forms present significant compliance risks for financial firms. W-8 forms, used by foreign entities…
North Macedonia opens third e-Faktura pilot phase to business-process testing
North Macedonia has launched the third pilot phase of its e-Faktura electronic invoicing system, focused on business-process testing to validate…
Policy paper: Scottish Income Tax outturn reconciliation for 2024-25
HMRC has published the Scottish Income Tax outturn reconciliation for 2024-25, detailing the difference between forecast and actual Scottish Income…
Policy paper: Welsh Rates of Income Tax outturn reconciliation for 2024-25
HMRC has published the Welsh Rates of Income Tax outturn reconciliation for 2024-25, confirming the variance between forecast and actual…
TIME: Polcz and Jeremy Bearer-Friend, “An AI Tax Could Be the Great Equalizer America Needs”
Academic authors Polcz and Jeremy Bearer-Friend argue in TIME magazine that a tax on artificial intelligence could serve as an…
Canada Finalizes List of Products Subject to Retaliatory Labor Day Tariffs
Canada has finalized its list of products subject to retaliatory tariffs set to take effect on Labour Day. The move…
State Action on Child Tax Credits and Earned Income Tax Credits Since 2021
An analysis of state-level legislative actions on Child Tax Credits (CTCs) and Earned Income Tax Credits (EITCs) since 2021. The…
What three years of data reveal about AI in corporate indirect tax
A Thomson Reuters analysis drawing on three years of data examines how artificial intelligence is being adopted and applied within…
CBDT Notifies 116 & 117/2026, Granting Tax Exemptions to MERC from FY 2025-26
India's Central Board of Direct Taxes (CBDT) has issued notifications 116 and 117 of 2026, granting tax exemptions to the…
State Rundown 8/27: Tax Policy is Cool as Summer Wraps
A weekly roundup of state-level tax policy developments across the United States. The digest covers legislative updates, budget decisions, and…
240 crypto millionaires revealed in new government data
HMRC has published new data revealing 240 crypto millionaires identified through its compliance and data-gathering activities. The release signals intensified…
FTO faults FBR over delayed women enterprise tax relief in IRIS
Pakistan's Federal Tax Ombudsman (FTO) has criticised the Federal Board of Revenue (FBR) for failing to implement women enterprise tax…
Madras HC Clarifies GST ITC Restrictions Under Rule 86A Can’t Continue Beyond One Year
The Madras High Court has clarified that GST Input Tax Credit (ITC) restrictions imposed under Rule 86A of the CGST…
Global Tax & E-Invoicing Updates for 2025: What You Need to Know
A comprehensive overview of global tax and e-invoicing regulatory changes taking effect in 2025. The article covers evolving VAT rules,…
ITAT Jaipur: Section 87A Rebate Allowed on STCG U/S 111A of Income Tax Act for AY 2024-25
The Income Tax Appellate Tribunal (ITAT) Jaipur has ruled that the Section 87A tax rebate is allowable against tax liability…
France rules out e-invoicing delay after DGFiP cyberattack
France has confirmed that its mandatory e-invoicing rollout will proceed as planned despite a cyberattack on the DGFiP (Direction Générale…
£16bn in unpaid corporate tax and 81,000 crypto letters – HMRC widened its net
HMRC has ramped up enforcement activity, identifying £16 billion in unpaid corporate tax while simultaneously targeting crypto asset holders with…
US District of Columbia Sales Tax on SaaS, Software and Digital Products
The District of Columbia imposes sales tax on SaaS, software, and digital products, making it an important jurisdiction for businesses…
Section 50C Cannot Reduce Section 54F Exemption: ITAT Chennai
The Income Tax Appellate Tribunal (ITAT) Chennai has ruled that Section 50C of the Income Tax Act, which deems stamp…
Liechtenstein: VAT filing deadline extended
Liechtenstein has extended its VAT filing deadline, providing businesses with additional time to submit their VAT returns. This regulatory update…
2026 European VAT registration & Intrastat thresholds
A reference guide outlining 2026 VAT registration thresholds and Intrastat reporting thresholds across European Union member states. This update is…
CalCPA Opposes Proposed California Billionaire Tax
The California Society of CPAs (CalCPA) has formally opposed a proposed California billionaire tax, raising concerns about its constitutionality, administrability,…
Coffee Seller's Tax Suit Counterclaims Belong In Calif.
A California court has ruled that counterclaims in a tax dispute involving a coffee seller belong in California jurisdiction. The…
Maryland Digital Advertising Ruling Shouldn’t Stop Other States from Considering Ad Taxes
A policy commentary responding to a Maryland court ruling against the state's digital advertising tax, arguing that the ruling should…
Relentless State Income Tax Cuts Add Up to Massive Giveaways for the Wealthy
An analysis of the cumulative fiscal impact of successive state income tax cuts enacted across the United States, arguing these…
4 Factors That May Decide Success Of IRS Easement Office
Analysis identifies four key factors that will determine the success of the IRS's newly established conservation easement office, created to…
Will Trump Accounts Make Saving Easier?
An analysis of proposed 'Trump Accounts,' a new tax-advantaged savings vehicle under discussion in the United States. The proposal aims…
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