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 »
Tag: Senate
Czech Republic – increase of VAT rate as from 1 of January 2013
The Chamber of Deputies has approved the economic measures intended to keep the state budget deficit under three percent of gross domestic product for the next three years. The measures include an increase in the standard VAT rate from 20% to 21% and the reduced rate from 14% to 15%.
Michaela Merz 