Tax & Accounting Blog

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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

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September 2013 Sales & Use Tax Rate Changes

Back to school and more tax rate changes; among the changes for September 1, 2013 were: Rate Changes Alabama: Arab 5.0%; Arab Police Jurisdiction 2.5%; Marion 3.0%; Marion Police Jurisdiction 1.5%; Pelham 4.0% (for general, agricultural, and manufacturing sales and use taxes). Ohio: Ohio state 5.75%. New Authorities Indiana: Cloverdale 1.0% (prepared food and beverages). … Read More