Tax & Accounting Blog

Ask An Indirect Tax Expert: Puerto Rico Sales and Use Tax Rate Change

Ask An Indirect Tax Expert: Puerto Rico Sales and Use Tax Rate Change

Question: Is there any news on the rate change for Puerto Rico? Answer from Tyler Nelson of ONESOURCE Indirect Tax: Yes, the Commonwealth of Puerto Rico is decreasing their sales and use tax rate from 6% to 5.5%, effective December 1st, 2013. If you use our OneSource Indirect Tax Determination product, this is already entered … Read More

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November 2013 International Indirect Tax Updates

As a result of  current economic developments the following VAT changes came recently into effect. Pakistan New sales tax of 3% was imposed on fabrics. A 2% additional sales tax will be charged from manufacturers. On October 4th, 2013 the Government of Pakistan Ministry of Finance Tax Department issued a notice amending Notification No. S.R.O. … Read More

Thomson Reuters Successfully Completes the Oracle E-Business Suite 12.2 Beta Program

Thomson Reuters Successfully Completes the Oracle E-Business Suite 12.2 Beta Program

New York, October 10, 2013 — Thomson Reuters today announced the successful completion of the Oracle E-Business Suite 12.2 beta program.  Based on the company’s long-standing membership in Oracle PartnerNetwork (OPN), Thomson Reuters participated in the beta program for its ONESOURCE Indirect Tax solution, which is designed to enable mutual customers to immediately upgrade to … Read More