In a recent statement, the Egyptian Minister of Finance announced that the legislation introducing a VAT system might be published in early 2015 (January or February). The proposed time of implementation would be at around the middle of the year to allow taxpayers to prepare their accounts, software and systems to apply the new tax. Read More »
Tag: sales tax
Canada – increase of Manitoba provincial sales tax to 8% as of 1 July 2013
As of 1 July Manitoba’s provincial sales tax rate will increase from 7% to 8% for a period of ten years ending June 30 2023.
There are new exemptions from the tax, for instance some supplies for babies and child safety restraint systems.Read More »
USA – Market Place Fairness Act – update
The Senate of the US Congress has passed the Market Place Fairness Act on 6 May with bi-partisan support by a vote of 69 to 27. The legislation is meant to put online vendors on equal standing with “brick and mortar” stores in regard to tax collection. Currently most of the online vendors do not charge sales tax unless they have some sort of physical presence (i.e. “nexus”) in the state where they are selling to,Read More »
USA – one stop shop for internet sales (Marketplace Fairness Act)
US legislators want to introduce a basis for a system as quick as possible, which resembles the European one stop shop system for internet sales. Foreseen is a process where the online retailers have to collect sales tax, according to the state the customer resides in. This new piece of legislation is called Marketplace Fairness Act. The proposal was submitted last week; the vote is expected this week. The White House as well as big online retailers are backing this proposal.Read More »
Michaela Merz 