Tax & Accounting Blog

Thomson Reuters Reinforces Global Indirect Tax Leadership Position with Limited Release of New Integration for SAP

Thomson Reuters Reinforces Global Indirect Tax Leadership Position with Limited Release of New Integration for SAP

New York – Thomson Reuters today announced a new version of ONESOURCE Indirect Tax Integration for SAP designed to meet the indirect tax needs of global companies doing cross border business in the regions of EMEA, Asia Pacific, Latin America, and North America.>>Press Release Thomson … Read More

Russia – Exemption for Software Rejected

Russia – Exemption for Software Rejected

On March 31st the Russian government rejected a plan to amend the tax code to exempt software products from the value-added tax (VAT). The proposed exemption was intended to make licensed software products such as Microsoft Windows more affordable by excluding them from the country’s 18 percent VAT and thus combat counterfeiting. The government released a statement explaining … Read More

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Slovenia – PM Considers Raising VAT Rate

Alenka Bratusek, Slovenia’s new Prime Minister, has stated that she is considering raising the VAT rate. Slovenia is currently struggling with the economic effects of bad debts in the banking sector. Bratusek, who was formerly head of the Budget Directorate at Slovenia’s Finance Ministry, told parliament that an increase in the VAT rate would have the least … Read More