Tax & Accounting Blog

Thomson Reuters ONESOURCE Indirect Tax Successfully Completes SSAE16 and ISAE 3402 Examinations

Thomson Reuters ONESOURCE Indirect Tax Successfully Completes SSAE16 and ISAE 3402 Examinations

NEW YORK, January 8, 2014 – The Tax & Accounting business of Thomson Reuters announced today that it has successfully completed SSAE16 Type 2 and ISAE 3402 examinations for its ONESOURCE Indirect Tax research and content subscriptions services, and its VAT compliance process.  Conducted by an independent CPA firm, the exams are used to establish … Read More

onesource

January 2014 International Indirect Tax Updates

Along with released budget measures for year 2014 many countries have passed legislation or announced a number of changes that have an impact on the VAT rates. These changes are a response to economic and budgetary developments in the particular country. We have summarized the upcoming VAT rate changes with the following countries. The changes will … Read More

Belgium – Lawyer Services subject to 21% VAT in 2014

Belgium – Lawyer Services subject to 21% VAT in 2014

Until 31 December 2013 Belgium was the only EU country applying VAT exemption under art.44 §1 (1) of the VAT Act to lawyer services provided by Belgian, EU-listed lawyers or firms located in Belgium with the majority of Belgian or EU-listed partners. This allowed not charging clients VAT, however, the firms had to absorb any … Read More

December 2013 International Indirect Tax Updates

December 2013 International Indirect Tax Updates

The following VAT changes came recently into effect: India Tripura On November 20th, 2013 the Official Gazette of India Tripura published the Notification No. F-I-11(17)-TAX/2007, in which the current standard VAT rate of 13.5% is being        increased to 14.5%. The change became effective from the date of its publication, from … Read More