Tax & Accounting Blog

Latvia – Proposed Derogation on The Right to Deduct Input Tax on Passenger Cars

Latvia – Proposed Derogation on The Right to Deduct Input Tax on Passenger Cars

Latvia has requested authorization to derogate from the provisions of Directive 2006/112/EC governing the right to deduct input tax paid on passenger cars. Under the proposal Latvia would be authorized to limit the right to deduct the value added tax (VAT) on expenditures on passenger cars not wholly used for business purposes to 80%. The limitation of … Read More

WEBCAST: ONESOURCE Indirect Tax Certificate Manager: Optimizing Your Exemption Certificate Process

WEBCAST: ONESOURCE Indirect Tax Certificate Manager: Optimizing Your Exemption Certificate Process

Optimizing Your Exemption Certificate Process Managing the exemption certificate process in your company can be time consuming and prone with problems. ONESOURCE Indirect Tax Certificate Manager from Thomson Reuters streamlines your method of managing exemption certificates saving you time and money. Tax Certificate Manager integrated with ONESOURCE Indirect Tax Determination increases the overall accuracy of … Read More

Utah Legislative Proposal to Increase Sales Tax on Food

Utah Legislative Proposal to Increase Sales Tax on Food

Utah state Senator John Valentine is negotiating with House Representatives  in the state legislature to increase the sales tax levied on foods to 4.25%.  Currently, food can be taxed at differing rates, based on its preparation and/or packaging.  The proposed sales tax increase would bring all food transactions to the same rate.  This bill was … Read More