The Latest on BEPS - 6 November 2017 - EY - Global



On 1 November 2017, a public consultation on the tax challenges of digitalization was held by the OECD at the University of California, Berkeley. After providing an overview of the on-going work of the Task Force on the Digital Economy (TFDE) on the tax challenges raised by digitalization, the presenters discussed several relevant issues, namely the impact of digitalization on business...

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Date: 2015-08-28 04:50:38

2016 Tax Year - Federal Tax Benefits for Higher Education

The federal government provides a number of tax incentives that can help lower the cost of higher education. These incentives include:

Tax credits directly reduce the amount of tax you pay.

Tax deductions reduce the amount of your income that is taxed.

You may qualify for more than one of these incentives, but there are some restrictions. It's a good idea to calculate your taxes multiple ways to...

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Three Problems With Turbo Tax and How to Fix Them ...

June 10, 2017 at 4:59 pm

Hi Penny,

I don't believe that you can e-file a back year tax return with Turbo Tax online. So you've got a problem. One of those returns was filed, the other should have been rejected. You'll have to figure out which one the IRS got.

If the IRS received the 2016 return - you're good. If not, then you'll have to amend your 2016 with the correct figures.

You will need...

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Paying Taxes Reforms - Doing Business - World Bank Group

Doing Business Reforms


Properly developed, effective taxation systems are crucial for a well-functioning society. In most economies, taxes are the main source of revenue to fund public spending on education, health care, public transport, infrastructure and social programs, among others. Tax policy is one of the most contentious areas of public policy. A large...

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Can I Claim My Indian Parents on My US Tax Return ...

I'm putting a link to the IRS website here about Who Can I Claim as a Dependent?

My gut is that yes you can, but please go to the assistant and make sure you go through all of the questions in case I'm missing something. For example, your parents can't file a joint return. I'm thinking they won't even file - but that's another stipulation. It will take you less than 5 minutes, and it will give...

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Indiana Code 6-3-4-4.1 Version b. Estimated payments ...

Current as of: 2016 | Check for updates | Other versions

Note: This version of section effective 1-1-2017. See also preceding version of this section, effective until 1-1-2017. Sec. 4.1. (a) Any individual required by the Internal Revenue Code to file estimated tax returns and to make payments on account of such estimated tax shall file estimated tax returns and make payments of the tax...

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Corporate Tax Reform FAQs - Department of Taxation and Finance

Doing business with us

Corporate Tax Reform FAQs

These FAQs are meant to provide general guidance on topics of interest to taxpayers. However, taxpayers should be aware that subsequent changes in the Tax Law or its interpretation may affect the accuracy of an FAQ. The information provided in these FAQs does not cover every situation and is not intended to replace the law or change its meaning....

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The Latest on BEPS - 28 August 2017 - EY - Global

On 16 August 2017, the Senate approved Senate document No.�177, which amends Act no.�164/2013 on International Cooperation in Tax Administration and related acts to transpose amendments made to the European Union (EU) Directive on Administrative Cooperation in the Field of Taxation (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports (Council Directive (EU) 2016/881). The...

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Date: 2015-08-28 04:50:38

Home - Bureau of Internal Revenue


Regulations implementing the VAT provisions under the TRAIN Law. RR 13-2018

Consolidated Rules and Regulations on Estate Tax and Donor's Tax pursuant to the TRAIN Law. RR 12-2018

Amends certain provisions of RR No. 2-98 to implement further amendments pursuant to TRAIN Law relative to withholding of Income Tax. RR 11-2018

Creation of ATC for the remittance of Creditable/Final Income Taxes...

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Website: - Income Tax & GST Updates

CBEC Clarifies Issues Related to Job Work - Circular No. 38/12/2018

Central Board of Excise & Customs released the circular No.38/12/2018 to clarify all issues related to job work. You can check the clarification on scope of job work, requirement of registration, supply of goods, movement of goods, issues and legal provisions. Circular No.38/12/2018 F. No. 20/16/03/2017-GST Government of India...

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Individual Income Tax - Ohio Department of Taxation

Nonresident Military Service Members and Spouses

A recent federal law provides an exemption from state income tax for any servicemember's spouse, who is present in a state solely due to the orders of the servicemember, and is not a resident of that state. Also, under Ohio law, the military income of nonresident servicemembers stationed in Ohio is not subject to income tax. These issues are...

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IRS Info, Historic Preservation Tax Incentives—Technical ...

(December 22, 2017) amending the Internal Revenue Code, modifies the 20% Historic Rehabilitation Tax Credit (with certain transition rules) and repeals the 10% non-historic tax credit.

Frequently Asked Questions

Prepared by Mark Primoli, Internal Revenue Service, October 2000

PLEASE NOTE that these FAQs have not been revised to reflect any changes that may be necessary related to Public Law No:...

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Date: 2018-01-23 20:23:17

Income Tax Return: How to claim income tax refund

As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 to claim the refund. The FY immediately succeeding a financial year is the relevant assessment year (AY) for that FY.

A person can file his/her return either by uploading the filled excel/java utility form or by providing the required data in the online forms (Only for those eligible...

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Date: 2018-04-05 18:12:10

What attracts our attention | Australian Taxation Office

What attracts our attention

To help you get things right, you should consider the behaviours, characteristics and tax issues that attract our attention. We've published this information below - it's part of our commitment to transparency in working with privately owned and wealthy groups.

Broadly, the following behaviours and characteristics may attract our attention:

tax or economic performance...

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Complete Guide to CRA T1135 Forms - Toronto Tax Lawyer

Foreign Investment Verification, or T1135, is a form that must be filed with Canada Revenue Agency (CRA) by anyone who, at any time during the year, owns foreign property valued more than $100,000 in Canadian currency. Failure to file or incomplete disclosure of foreign property may result in monetary penalties and in certain instances may carry gross negligence charges against the taxpayer.


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8 Questions About The Principal Residence Tax Rules


Earlier this month Finance Minister Bill Morneau introduced tax changes that will impact every homeowner and taxpayer in Canada. Instead of focusing their efforts on specific buyers, the feds chose to close current tax loopholes that directly apply to real estate earnings. In particular, the newly announced rules will tighten and enforce the requirements necessary for claiming the...

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Tax-free shopping - Wikipedia

Refund[ edit ]

The refunded amount corresponds to the VAT or GST paid and in which country the traveller buys goods. VAT/GST is a tax added to the cost of a product, calculated as a percentage of the products retail price. Often in Europe the ticket price includes VAT, this is less often the case in the US. As an example, if the VAT rate on a product is 20% and the ticket price is displayed as...

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Date: 2018-03-28 02:28:32

Form 941 - Employer's Quarterly Federal Tax Return - 2017 ...

quarter. Also include in the amount shown any overpayment that you applied

hold) from your employees on this quarter's wages, tips, taxable

check the appropriate box of the quarter for which you are filing.

er compensation (line 3) and the total social security and Medicare

make an entry in both lines 14 and 15.

the result on line 6.

til the total of the tips and wages for an employee reaches...

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Chapter 5743: CIGARETTE TAX - Ohio Laws and Rules

5743.071 Wholesale and retail dealers to maintain records.

Every person shall maintain complete and accurate records of all purchases and sales of cigarettes, and shall procure and retain all invoices, bills of lading, and other documents relating to the purchases and sales of cigarettes, except that no retail dealer shall be required to issue or maintain invoices relating to the...

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Donating a Car to Charity | Edmunds - New Cars, Used Cars ...

Donating a Car to Charity

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Donating a Car to Charity

You Must Follow the Rules to Get That Tax Deduction

Updated: 01/23/2018� - by Edmunds


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It's easy to donate a car to charity if all you want to do is get rid of it. Simply call a charity that accepts old vehicles and it will tow your heap away. But if you want to maximize your tax benefits, it's...

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Commissioner of the Revenue | Cumberland County VA ...

Questions regarding the assessed value of vehicles may be directed to (804) 492-4280.

Military Exemptions

Vehicles registered in the active duty, non-Virginia resident military person's name and the name of their spouse (effective 11/11/2009) will be exempt from personal property tax. The military spouse whose name is on the registration must supply a copy of their current Leave and Earnings...

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What's New For Tax Credits | Virginia Tax

In addition to any new tax credits, several changes to existing tax credits affect taxpayers filing their annual returns.

Coalfield Employment Enhancement Tax Credit

This credit expired Jan. 1, 2017

Food Crop Donation Tax Credit

Applications are due to Virginia Tax by Feb. 1. Use  Form FCD .

For taxable years beginning on or after Jan. 1, 2016, but before Jan. 1, 2022, any person engaged in...

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Date: 2018-04-05 18:47:03

A blog about the unrelated business income tax - UBIT Blog

Welcome to the UBIT Blog

This is a blog about the unrelated business income tax (UBIT), which applies to most tax-exempt organizations. The blog will discuss new IRS and judicial developments and new and proposed legislation involving the UBIT. Attorneys, accountants, officers and directors of exempt organizations, and others interested in the UBIT will find the information useful and are welcome...

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Council tax support - Bolton Council

» Direct debit

Can I change the way I pay my instalments?

You can make changes to your instalments online. There are lots of choices around how to pay including:

» paying over 12 months instead of 10

» the frequency you want to pay over - such as weekly, fortnightly or monthly

» the date or day you want to pay

» the method of payment - such as direct debit, standing order, cash or...

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Nevada Governor signs new "commerce tax" into law ...

Nevada Governor signs new "commerce tax" into law

Nevada commerce tax

If enacted into law, effective on July 1, 2015,6 SB 483 would impose a new annual "commerce tax" for the privilege of "engaging in a business"7 in Nevada.8 The tax would apply on an entity-by-entity basis on "each business entity whose 'Nevada gross revenue' in a taxable year exceeds  $4,000,000."9 For this purpose, the term...

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Capital Gains Tax | Zimbabwe Revenue Authority (ZIMRA)

v����� Copyright and Neighbouring Rights Act

vi����� Geographical Indications Act

vii������ Integrated Circuit Layout Designs Act

It should be noted that with effect from 1 January 2014, disposal of property for which the seller does not hold title deeds (cessions) are also liable to Capital Gains Tax.

2.�Who is liable to pay or remit Capital...

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Date: 2018-04-06 01:11:46

Tax and Budget Bills Include Tax Qualified Retirement Plan ...

U.S. Tax and Employee Benefits Alert

Tax and Budget Bills Include Tax Qualified Retirement Plan Provisions

by Michael A. Hart

22 February 2018

The tax bill enacted late last year (Public Law No. 115-97) and the budget bill enacted earlier this month (the Bipartisan Budget Act of 2018) included a handful of changes to the rules applicable to tax-qualified retirement plan distributions. Generally,...

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Chapter 1, Sales and Use Tax

012.01 Certain transactions are exempt from sales and use taxes. Transactions may be exempt because of:

012.01A The seller (entity-based exemption);

012.01B The item sold (product-based exemption);

012.01C The buyer (entity-based exemption);

012.01D The buyer's intended use of the item (use-based exemption); or

012.01E A combination of two or more of these characteristics.

012.02 There is no...

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Date: 2017-08-07 18:47:07

Employers' Guide – Taxable Benefits and Allowances -

Automobile and motor vehicle allowances and select "Facts about automobile and other vehicle, benefits and automobile allowances"


Read through the following definitions. They will help you understand the terms and expressions we use in the information that follows.


An automobile is a motor vehicle that is designed or adapted mainly to carry individuals on highways and...

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Date: 2018-04-05 21:20:02

West Berkshire Council - Council Tax Reduction - Information

You'll get money off your Council Tax bill if you qualify for Council Tax Reduction

The Council Tax Reduction Scheme for West Berkshire changed on 1 April 2017. Further changes are not being made to the scheme for 2018/19. 

You can read about the most recent changes in our

  Council Tax Reduction Scheme explanatory leaflet [2Mb] . These changes are being carried forward into the 2018/19...

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Related topics : council tax reduction job seekers allowance / council tax benefit allowance / council tax allowance disabled / council tax benefit calculator / council tax allowance for pensioners

In general, capital gains made by a non-resident are assessable only in relation to taxable Australian property , including real�property and land-rich�Australian companies. A land-rich company has more than 50% of its�asset value in land.

Comparable treatment is available for interests held through a fixed trust.

Non-final withholding tax on taxable Australian property transactions


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Help to Buy Scheme for First Time Buyers - Money Guide Ireland

Help to Buy Scheme for First Time Buyers

Since January 2017 First time buyers in Ireland� can claim a tax rebate equal to 5% of the value of the new home they are buying. A New home is defined as "a new building which was not previously used, or suitable for use, as a dwelling."� Second hand homes are not eligible.

As of� 2nd Jan 2018,� Revenue say they had received 12,364 applications to...

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Income, Inheritance and Estate Taxes


§ 1901 Definitions.

As used in this chapter:

(1) "Administration services" means, in each case with respect to intangible investments (as such term is defined in § 1902(b)(8) of this title):

a. Clerical;

g. Regulatory compliance, operations and related services;

h. Risk analytics; and

i. Trade processing, clearing and...

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Chapter 5747: INCOME TAX - Lawriter - ORC - Ohio Laws and ...

5747.01 Income tax definitions.

Except as otherwise expressly provided or clearly appearing from the context, any term used in this chapter that is not otherwise defined in this section has the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes or if not used in a comparable context in those laws, has the same...

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Calculating Value-Added Tax in China - China Briefing News

Editors: Ramya Bodupalli and Zhou Qian

China's value-added tax (VAT) reform is the largest tax overhaul in the country since 1994. The reform began as a Shanghai -based pilot program - a popular method for incubating reforms in the country - in 2012 before expanding to other cities and nationwide to all sectors in 2016.

In short, the reform replaced the Business Tax (BT) - which previously...

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2017 – Federal Tax Legislation Finalized – Thomas, Judy ...

Pass-Through Rate

Income earned by pass-through businesses taxed at individual's regular rates ordinary income and capital gains.

An individual taxpayer may generally deduct from a partnership, S Corporation, or sole proprietorship, the lesser of (a) 20 percent of qualified business income, or (b) the greater of 50 percent of the W-2 wages with respect to the trade or business or the sum of 25...

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