Tax & Accounting Blog

Thomson Reuters Releases Indirect Tax Update Report with Q3 2011 Tax Changes

Indirect Tax, ONESOURCE, Sales and Use Tax October 31, 2011

Global companies required to comply with 324 new tax changes in Q3 2011

Thomson Reuters has released the latest ONESOURCE Indirect Tax report which incorporates Q3 changes to VAT and sales and use tax.  In Q3 2011, there were a total of 202 changes in the United States.  96 percent of those changes were rate increases or new taxes . There have been a total of 548 US sales tax changes to date (Q1-Q3 2011).   Internationally, there were 122 VAT changes bringing the total changes through Q3 2011 to 2200.

To view report, please visit: