Tax & Accounting Blog

Abe to Decide on Consumption Tax Increase in December

Abe to Decide on Consumption Tax Increase in December

Japan’s second increase in the Consumption Tax could occur on 1 October 2015 and the Prime Minister will make a decision in December regarding the increase. The economy has weathered the effects of the April 2014 increase and the Prime Minister will look for 2% GDP growth for the increase. http://www.japantimes.co.jp/news/2014/07/17/business/economy-business/abe-seen-needing-2-growth-this-quarter-to-hike-sales-tax-again/Read More

Thailand Maintains 7% VAT Rate until October 2015

Thailand Maintains 7% VAT Rate until October 2015

Thailand’s ruling National Council for Peace and Order has extended the 7% VAT rate until 30 September 2015. The VAT rate in Thailand is set by the Revenue Code at 10%. In 2012, the rate was scheduled to increase to 10% but the 7% rate was extended until 2014. Source: http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5707170010009 Read More

2014 West Virginia Industrial Business Property Return Requirements, Filing Address and Extension

2014 West Virginia Industrial Business Property Return Requirements, Filing Address and Extension

West Virginia law provides that all industrial property owners must file the WV STC 12:32I Industrial Business Property Return. Industrial property, as defined in WV Code § 11-1c-10, is any real and personal property, integrated as a functioning unit intended for the assembling, processing and manufacturing of finished or partially finished goods. An … Read More

ONESOURCE Property Tax Announces Summer Release

ONESOURCE Property Tax Announces Summer Release

Thomson Reuters is pleased to announce the Summer 2014 release of ONESOURCE Property Tax. There was no system down time required for this release and the new functionality is now available to users. These features include: Continued Standardization through ONESOURCE Increased number of grid editing capabilities including and/or filtering Added fields to all center subject … Read More