Tax & Accounting Blog

Colombia Issues Draft VAT Regulations for Digital Business Platforms

Colombia Issues Draft VAT Regulations for Digital Business Platforms

On June 8, 2018, the Colombian tax authority (Dirección de Impuestos y Aduanas Nacionales or DIAN) issued draft regulations (Resolution No. 000000 08-06-2018) on VAT registration and withholding requirements for foreign digital business platforms (e.g., Uber, Netflix, Airbnb) that will apply from July 1, 2018. The draft regulations are discussed below. Public comments are … Read More

Classes of Trade Agreements Across the Globe-Is India on the Right Track?

Classes of Trade Agreements Across the Globe-Is India on the Right Track?

Blog, Global Trade June 22, 2018

Preferential trade agreements (PTAs) have been around for centuries – long before the creation of the General Agreement on Tariffs and Trade (GATT) in 1947. In the past decade, India signed FTAs with the Association of Southeast Asian Nations (ASEAN), the Republic of Korea, Japan, and Malaysia. However, India’s trade partners have gained more from these … Read More

Supreme Court Abandons Physical Presence Standard: An In-Depth Look at South Dakota v. Wayfair

Supreme Court Abandons Physical Presence Standard: An In-Depth Look at South Dakota v. Wayfair

By Sarah Horn (J.D., Editor, Checkpoint Catalyst), Jill McNally (J.D., Editor, Checkpoint), Rebecca Newton-Clarke (J.D., Senior Editor, Checkpoint Catalyst), and Melissa Oaks (J.D., LL.M., Managing Editor, Checkpoint Catalyst) On June 21, 2018, the U.S. Supreme Court issued a decision in South Dakota v. Wayfair, 1 overturning the physical presence standard espoused in Quill v. … Read More

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

The United States Supreme Court today overturned two and a half decades of sales and use tax jurisprudence in South Dakota v. Wayfair, ruling the physical presence standard established in Quill v. North Dakota 2 "unsound and incorrect" and remanding the case to the South Dakota Supreme Court for further proceedings. … Read More