Tax & Accounting Blog

Venezuela Value Added Tax Increase

Last Friday, the Venezuelan National Assembly approved the “Enabling Law” (Ley Habilitante), which gives President Hugo Chavez dictatorial and legislative powers for 18 months. Chavez has announced that his government is currently revising the VAT law and due to the state of emergency in Venezuela a Value Added Tax increase is expected. Venezuela has one … Read More

Illinois to Offer Amnesty to Christmas Shoppers

Illinois to Offer Amnesty to Christmas Shoppers

Have you been nice and paid your sales taxes on the gifts you’ve purchased on-line this holiday season? If you’ve been naughty the State of Illinois has a gift of its own for you. Amnesty. Illinois will offer a sales/use tax amnesty program from January through October 15, 2011. Under legislation passed last year shoppers who purchased goods on-line, through the … Read More

California is Making a List (of sales tax scofflaws) and Posting It In Time for X-Mas

California is Making a List (of sales tax scofflaws) and Posting It In Time for X-Mas

The California BOE has just updated its list of the biggest sales tax delinquents and posted it on their website. Since 2007 the BOE has been required by law to post this information every quarter, removing amounts that are being addressed through payment arrangement, bankruptcy, litigation, or appeal. In addition to sales taxes, “use taxes” … Read More