Tax & Accounting Blog

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Cayman Islands will Adopt an Intergovernmental Agreement for FATCA Implementation

The Cayman Islands Government has announced that it will adopt an intergovernmental agreement (IGA) with the United States for implementation of the U.S. Foreign Account Tax Compliance Act, commonly known as FATCA. The Caymans-U.S. IGA will follow the “Model 1” for FATCA cooperation which was drafted by the U.S. Department of the Treasury, giving the … Read More

Russia – Exemption for Software Rejected

Russia – Exemption for Software Rejected

On March 31st the Russian government rejected a plan to amend the tax code to exempt software products from the value-added tax (VAT). The proposed exemption was intended to make licensed software products such as Microsoft Windows more affordable by excluding them from the country’s 18 percent VAT and thus combat counterfeiting. The government released a statement explaining … Read More

Massachusetts Extends Online Filing Deadline for the Annual Certification of Entity Tax Status

Massachusetts Extends Online Filing Deadline for the Annual Certification of Entity Tax Status

Massachusetts Department of Revenue has announced that they are extending the April 1st deadline for business entities to certify their tax status, via the online application located on their WebFile for Business website, to April 12, 2013.  This online filing assists assessors in determining which businesses qualify for various property tax exemptions.  Businesses that do … Read More