Tax & Accounting Blog

Good News, Bad News for Pakistan Fuel Consumers

Good News, Bad News for Pakistan Fuel Consumers

For Pakistan’s fuel consumers the Federal Board of Revenue’s recent actions are a case of good news, bad news. That is because while worldwide oil prices continue to fall, Pakistan has been ramping up its fuel tax rates, first in July, then again in August, September, and October. During that time – between July 1st and October … Read More

Rough Ride for Uber in the Low Countries

Rough Ride for Uber in the Low Countries

The third quarter of 2015 was a tumultuous one in Belgium and the Netherlands for Uber Technologies, Inc. The Netherlands On September 29 2015, the Dutch Ministry of Infrastructure and the Environment’s Human Environment and Transport Inspectorate (Dutch:  Ministerie van Infrastructuur en Milieu, Inspectie Leefomgeving en Transport) announced that Uber offices in Amsterdam had … Read More

SUCBs Fee in England – It’s in The Bag

SUCBs Fee in England – It’s in The Bag

In a piece of legislation that offers commentators a grab-bag of puns, many retailers in England will have to charge at least 5p for single use plastic carrier bags (SUCBs) effective 5 October 2015. The Single Use Carrier Bags Charges (England) Order 2015 is designed to reduce single-use plastic bag usage. The implementing legislation in its entirety … Read More

Puerto Rico Enacts Comprehensive Tax Reform

Puerto Rico Enacts Comprehensive Tax Reform

After years of attempts to find increased revenue, the Puerto Rico legislature enacted act 72-2015 on May 29, 2015 (“Act 72-2015”), which amends various sections of the 2011 Internal Revenue Code, as amended, adding Subtitle DD titled “Value Added Tax”.This legislation makes Puerto Rico the first United States territory to adopt a comprehensive Value Added Tax … Read More