The Sales Tax Buzz Top 10 Sales & Use Tax Legislative Developments of 2009

2009 was rife with legislative changes in terms of nexus, e-commerce taxation, sales tax holidays, and other key areas, so to help readers make a little sense of all of this activity, I put together the Sales Tax Buzz Top 10 Sales & Use Tax Legislative Developments of 2009 List, as well as a little [...]

Changes coming to Indonesian VAT and sales tax laws

Looking to do business in Indonesia? Wait for April 2010, when VAT and sales tax changes make it a choicer destination. Indonesia’s Parliament made a move today paving the way for a spike in corporate mergers and growth of its Islamic financial markets, decisions that are rightfully attracting much attention from global investors. As of [...]

VAT in the United States? Don’t hold your breath.

Every so often, and under different Administrations, the topic of introducing a VAT in the United States arises the way, say, the topic of re-hauling the entire Internal Revenue Code comes up – the topic seems to be introduced anew (each time people claiming it’s a novel idea) when times are at their toughest. We [...]

The Case for a SaaS Sales, Use, VAT Solution . . . Now More Than Ever.

Robert D. Kugel, CFA, SVP Research for Ventana Research makes such an eloquent case to CFO’s everywhere — no matter the size of their   businesses — for Software-as-a-Service sales, use, and VAT solutions, as seen in his recent blog entry here and excerpted here: It’s time your company looks into managing its sales and [...]

Protests Over First-Ever Value Added Tax In Iran Suspends Its Full Implementation

Facing potential budget deficits in its country, the Iranian Parliament imposed its first-ever VAT last year, which was not enforced until September 21, 2008. Rather than collect the tax, gold merchants in Tehran shut down a marketplace that has been operating continuously for more than 3,000 years. My first thought: Wow! Second thought: How remarkable [...]

2009 Sales Tax Predictions

If I had a transaction taxes crystal ball, here is what I would likely see in store for 2009: A sharp increase in the number of audits, as a result of ever-growing number of state and local revenue shortfalls throughout the country. Sales, use, VAT, and GST compliance will become more difficult to achieve as [...]