Tax & Accounting Blog

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Connect with Thomson Reuters at SAP Financials (March 19 to 22) and enter to win an iPad

Simplify Financial Tax Reporting by Connecting Your Indirect Tax and SAP Financial Systems Connect with Thomson Reuters at SAP Financials (March 19 to 22) and enter to win an iPad. Join us in Las Vegas as we showcase solutions that solve financial challenges around the world, especially in North America, Brazil, and Europe. Our latest … Read More

Iowa Conservation Groups To Clash With Governor For Sales Tax Hike?

Iowa Conservation Groups To Clash With Governor For Sales Tax Hike?

Representatives from multiple environmental, wildlife, gaming, parks, and conservation groups are supporting a measure to increase the state sales tax by 0.375% to provide sustainable funding through the constitutionally protected natural resources fund. The measure has already been approved in a Senate subcommittee, but if it makes it to Governor Terry Branstad, it is projected … Read More

Latvia – Proposed Derogation on The Right to Deduct Input Tax on Passenger Cars

Latvia – Proposed Derogation on The Right to Deduct Input Tax on Passenger Cars

Latvia has requested authorization to derogate from the provisions of Directive 2006/112/EC governing the right to deduct input tax paid on passenger cars. Under the proposal Latvia would be authorized to limit the right to deduct the value added tax (VAT) on expenditures on passenger cars not wholly used for business purposes to 80%. The limitation of … Read More

Switzerland: Plans to Reform VAT Moving Forward

Switzerland: Plans to Reform VAT Moving Forward

Switzerland is moving forward with plans to reform its VAT system. The Swiss Federal Council (the executive) recently responded with a “complementary message” to the mandate given to it by the Swiss National Council (the lower house of parliament), requesting that plans be drawn up for a new VAT model consisting of two tax rates rather than … Read More