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

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September 2013 Sales & Use Tax Rate Changes

Back to school and more tax rate changes; among the changes for September 1, 2013 were: Rate Changes Alabama: Arab 5.0%; Arab Police Jurisdiction 2.5%; Marion 3.0%; Marion Police Jurisdiction 1.5%; Pelham 4.0% (for general, agricultural, and manufacturing sales and use taxes). Ohio: Ohio state 5.75%. New Authorities Indiana: Cloverdale 1.0% (prepared food and beverages). … Read More

Delays To New Software Services Tax in Massachusetts

Delays To New Software Services Tax in Massachusetts

On July 31, 2013 a new software services tax on certain software purchases went into effect in Massachusetts. This new tax law applies to the sales and use tax reporting for “computer system design and to modification, integration, enhancement, installation, or configuration of standardized or prewritten software.” Due to heavy support for the repeal of … Read More