Tax & Accounting Blog

China: 1 year transition for e-commerce

China: 1 year transition for e-commerce

By Yanchen Zhou On 24 May 2016 , subject to State Council’s approval, China’s General Administration of Customs (GAC) announced the new administration rules (Shubanfa [2016] No.29) in the transitional period for cross-border e-commerce retail import. Suppliers of goods to Chinese consumers had been worried about how the new regulations could impact their bottom line … Read More

Good Taxpayer, Get a Reward…

Good Taxpayer, Get a Reward…

Delhi’s Commercial Tax Office released an order creating a “Reward/Appreciation Scheme” for Good dealers. In India, state level value added tax provides a considerable amount of revenue, in the case of the National Capital Territory it provides 65% of the total collections. The value added tax is most commonly paid by retailers of goods where … Read More

Exemptions for Food,  School Supplies, and Clothing a Possibility in Kansas This Year

Exemptions for Food, School Supplies, and Clothing a Possibility in Kansas This Year

Blog, Indirect Tax June 1, 2016

Two bills introduced this February could establish three sales tax holidays by the end of this year. House Bill (HB) 2076 would exempt certain sales of school supplies, computers, and clothing from sales and use taxes annually. The bill sets an item threshold amount depending on category (clothing, computers, or school supplies) for eligible items. … Read More