Thomson Reuters and GE will be hosting a session at the 2012 ACT Conference on how to achieve global tax support by consolidating your company's VAT determination, reporting, and compliance processes. Session Information: Title: Combine VAT Determination and Tax Compliance to Achive Global Tax Support Wednesday May 23, 2012 3:00pm - 4:15pm Walt Disney World ...
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Webinar: Ensuring VAT Compliance in the Global Marketplace:Reducing Audit Risks and Improving Process Efficiency
Indirect Tax, ONESOURCE, VAT Tax Rates, VAT-GST Management 0 CommentPosted on May 10, 2012
Join Thomson Reuters and Aberdeen Group  for a special webcast to uncover processes and supporting technologies that allow successful global indirect tax management. Doing business in a global market has its share of challenges. Ensuring proper value-added tax (VAT) registration and management is one that should not be overlooked. Effective VAT management ...
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The Advantages of Automating VAT Determination and Compliance
Indirect Tax, ONESOURCE, VAT Tax Rates, VAT-GST Management 0 CommentPosted on April 9, 2012
Many users of the world's most sophisticated and widely embraced enterprise resource planning (ERP) systems still use desktop spreadsheets to manage their value-added tax (VAT) and statistical filing processes. It's labor-intensive work that may not catch every error and leaves the VAT processes without rigorous controls. It also puts companies ...
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Quebec Sales Tax Changes
Indirect Tax, ONESOURCE, VAT Tax Rates, VAT-GST Management 0 CommentPosted on October 20, 2011
 On September 30, 2011, the governments of Canada and Quebec agreed to harmonize the Quebec Sales Tax (QST) with the Goods and Services Tax (GST). The change will take effect January 1, 2013. The government of Quebec will amend the QST including but not limited to: Remove the GST from the QST ...
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Quebec Updates QST and GST/HST Documents
Indirect Tax, ONESOURCE, Sales and Use Tax, Transaction Tax, VAT-GST Management 0 CommentPosted on October 11, 2011
In recent months Revenu Quebec has updated several of its guidance documents relating to QST and GST/HST. A complete listing of the updated documents including documents relating to other tax types can be found here: New Publications Some highlights include the following helpful materials: General Information Concerning the QST and the GST/HST ...
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Italy Increases VAT to 21%
Indirect Tax, ONESOURCE, VAT Tax Rates, VAT-GST Management 0 CommentPosted on September 26, 2011
Italy's VAT increase from 20% Â to 21% was published in the Gazzetta Ufficiale on September 16, 2011 and took effect on September 17, 2011. Â The VAT increase was part of a set of austerity measures to balance the budget in Europe's third largest economy. The rate change was the first rate ...
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BC Voters choose PST
Indirect Tax, ONESOURCE, Transaction Tax, VAT-GST Management 0 CommentPosted on September 1, 2011
Submitted by guest blogger Anil Kuruvilla. On August 26, 2011, British Columbia voters decided to return to the PST/GST system. The Finance Minister, Kevin Falcon, stated that the reintroduction will take 18 months and has set a target date of March 31, 2013. Until the PST is reintroduced the HST will ...
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B.C. Announces Plan to Reduce HST
Indirect Tax, Transaction Tax, VAT-GST Management 0 CommentPosted on June 7, 2011
The Provincial government in B.C. has announced a plan to trim the HST to 10% on the condition that voters agree to keep the unpopular tax. Under the plan the tax would be reduced in two stages. The first cut would take effect on July 1, 2012 trimming one percent from ...
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OECD Report – UK VAT System is Inefficient
Indirect Tax, VAT-GST Management 0 CommentPosted on March 21, 2011
The Organisation for Economic Co-operation and Development (OECD) recently released its biennial economic survey of the UK. The assessment identifies the main economic challenges faced by the UK. According to the report, the UK VAT system is one of the least efficient of the OECD countries, with less than 60% of ...
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Dominican Republic – Tax Administration Issues New VAT Withholding Measure
Indirect Tax, VAT-GST Management 0 CommentPosted on November 16, 2010
The Directorate General of Internal Revenue (DGII) is requesting all companies to be withholding agents of the ITBIS (Value Added Tax) when purchasing taxable goods from individuals issuing invoices with an eventual supplier number. A withholding agent will be required to withhold 75% of the ITBIS (VAT).This measure is established ...
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Webcast: Reducing Errors and Increasing Productivity with Effective Sales and Use Tax Management
Indirect Tax, VAT-GST Management 0 CommentPosted on September 16, 2010
Discover how top performing companies achieve a high-level of success in managing indirect taxes.Join us on Tuesday, September 28th for a one-hour complimentary webcast sponsored by Sabrix, part of Thomson Reuters ONESOURCE Sales & Use Tax, where guest speaker William Jan, Senior Analyst from Aberdeen Group’s Financial Management and GRC ...
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Article: How Outsourcing Sales Tax Management Helps SMBs
Indirect Tax, VAT-GST Management 0 CommentPosted on August 25, 2010
"No corporation wants to pay egregiously high fines or risk a government audit for violating sales tax laws. Outsourcing has become a good way to make sure someone knowledgeable is keeping up with the confusing welter of laws for companies doing business in more than one locale. Service providers also ...
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Georgia Retailers Hold their Own Sales Tax Holidays
Indirect Tax, VAT-GST Management 0 CommentPosted on July 28, 2010
In an earlier post, I discussed the state of Georgia’s decision to not host a sales tax holiday in August 2010. In light of this, some retailers have come up with their own solution.Albany’s JC Penney is hosting a tax relief sale in which all items will be marked down ...
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Managing Global Transaction Tax Deployments with Sabrix Integration for Oracle 12
Indirect Tax, VAT-GST Management 0 CommentPosted on July 21, 2010
Learn how the latest release of the Sabrix Integration for Oracle 12 enables companies to quickly deploy a fully automated tax solution with SAS 70 certified tax research. Register now for the July 28th web seminar to learn more.During this event, you will learn:• How the Sabrix Application Suite supports Oracle customers ...
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