Tax & Accounting Blog

Ask An Indirect Tax Expert: Puerto Rico Sales and Use Tax Rate Change

Ask An Indirect Tax Expert: Puerto Rico Sales and Use Tax Rate Change

Question: Is there any news on the rate change for Puerto Rico? Answer from Tyler Nelson of ONESOURCE Indirect Tax: Yes, the Commonwealth of Puerto Rico is decreasing their sales and use tax rate from 6% to 5.5%, effective December 1st, 2013. If you use our OneSource Indirect Tax Determination product, this is already entered … Read More

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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