Tax & Accounting Blog

Thailand Maintains 7% VAT Rate until October 2015

Thailand Maintains 7% VAT Rate until October 2015

Thailand’s ruling National Council for Peace and Order has extended the 7% VAT rate until 30 September 2015. The VAT rate in Thailand is set by the Revenue Code at 10%. In 2012, the rate was scheduled to increase to 10% but the 7% rate was extended until 2014. Source: http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5707170010009 Read More

Norway Revised Budget – Paper, Boats, and Electric Cars

Norway Revised Budget – Paper, Boats, and Electric Cars

The Norwegian Ministry of Finance has released the Revised National Budget 2014. Several changes are anticipated to have revenue impact for Norway. The current fee of 161.50kr/hp on boat engines will be removed effective July 1, 2014. The move is designed to spur purchasing of newer, fuel-efficient and environmentally friendly engines. The revised … Read More

U.S. Supreme Court to Hear Appeal in Colorado “Amazon Tax” Case

U.S. Supreme Court to Hear Appeal in Colorado “Amazon Tax” Case

On July 1, the United States Supreme Court announced the cases that it would consider in its next term. Among those cases is 13-1032, Direct Marketing Association v. Brohl, which challenges the State of Colorado’s so called “Amazon Law.” Colorado’s Amazon Law came into effect on March 1, 2010. Unlike Amazon … Read More