Puerto Rico Update: June 5, 2015
On May 29 the Governor of Puerto Rico signed into law HB2482 which officially enacts Law 72-2015. This new law introduces fundamental changes to the
On May 29 the Governor of Puerto Rico signed into law HB2482 which officially enacts Law 72-2015. This new law introduces fundamental changes to the
When the U.S. introduced its Foreign Account Tax Compliance Act (FATCA) it established a precedent declaring the country would no longer tolerate tax evaders, or
Thanks to the Foreign Account Tax Compliance Act (FATCA), foreign governments and financial institutions are assisting the U.S. Internal Revenue Service in reporting financial activity
The IRS announced a second 90 day filing extension for the Foreign Account Tax Compliance Act (FATCA), extending the time to file 8966 information to
Maryland’s income tax system has been challenged and ruled as unconstitutional by the U.S. Supreme Court. The reason was that Maryland’s tax policy essentially double-taxed
While governments around the world are calling for more transparency and compliance when it comes to taxes, both domestic and abroad, citizens have their own
If you are trying to understand how indirect/transaction taxes apply in Hawaii the first thing you need to know is that Hawaii does not have
With concern over the fact that the U.S. Internal Revenue Service is unable to function at a level it should due to limited funding, there
As tax season becomes more of a discussion than an upcoming event, small businesses exhale a sigh of relief. The complex nature of small business
Virginia holds three sales tax holidays annually. Until this year, the Hurricane Preparedness Holiday took place in May, the School Supplies and Clothing holiday took
Funding Wireless Enhanced 9-1-1 in the U.S. through Fees Today it is a fact of life in the U.S. that most adults (and many children)
FATCA Intergovernmental Agreements (IGAs) The Foreign Account Tax Compliance Act (FATCA) is a US law that requires foreign financial institutions and some other entities around
Puerto Rico recently published (PR) DA 15-05 regarding the filing of Declaration of Imports in PR for Non-Bonded Importers. This information is particularly important for
Expanding Paint Stewardship in the U.S. and the imposition of the PaintCare and other Stewardship Fees Product stewardship is a concept where those involved in
District Court Injunction against Colorado Allowed to Stand On March 3, 2015 the United States Supreme Court announced its decision in Direct Marketing Association v.
Printed Books vs. E-books in France and Luxembourg: European Commission Cries Unfair Advantage in Violation of the EU VAT Directive – Update to previous post.
*** Update on Puerto Rico Tax Reform Measures, April 30, 2015 ** The latest tax reform measure in Puerto Rico, known as the CoBYS (Tax
Even in the initial years of a new tax information reporting requirement, filers hope to meet their obligations with as few errors as possible. However,