Tax & Accounting Blog

New Brunswick: Possible Referendum to Increase HST

New Brunswick: Possible Referendum to Increase HST

Following a recent announcement that the government won’t be able to meet a promise to balance the provincial budget by next year, Premier David Alward has publicly stated that a referendum to increase the HST is possible before the next election in 2014.   The current rate of HST in the province is 13%. It has not been announced yet … Read More

British Columbia – Video Explains PST Registration Process

British Columbia – Video Explains PST Registration Process

It may not go viral, but the B.C. Ministry of Finance has released an informative new video on YouTube. The video provides step-by-step instructions explaining to businesses how to register online to collect the Provincial Sales Tax (PST) when it goes into effect on 1 April 2013. You can view the video here: www.youtube.com/watch?v=pkxaTpc4YvsRead More

Connecticut Legislative Proposals

Connecticut Legislative Proposals

The Connecticut Department of Revenue Services (DRS) has released its annual list of legislative proposals, which include: – Tying all interest rates, either for under- or overpayment, to the IRC; – Require the collection of sales taxes by cigarette distributors and alcoholic beverage distributors on retail sales; – Allow the commissioner to impose civil penalties … Read More

Japan Ratifies First Sales-Tax Increase Since 1997

Japan Ratifies First Sales-Tax Increase Since 1997

On august 9th Japan’s opposition-controlled upper house ratified Prime Minister Noda’s  bill to raise the country’s sales tax for the first time in 15 years. Under this legislation the current 5% rate will be increased to 10% by 2015. The lower house passed the bill in June. A clause in the bill allows for implementation to be canceled … Read More

The East Feliciana Parish School Board Votes on Tax Exemption

The East Feliciana Parish School Board Votes on Tax Exemption

The East Feliciana Parish School Board is scheduled to vote on a tax exemption for six parish businesses from charging their out-of-state customers on sales taxes on equipment repair work Thursday, July 26th.  The School Superintendent announced the special meeting after more than two hours of discussion about the tax exemption before the board’s finance … Read More