US: Washington increases sales tax rates
The Washington District of Columbia has increased the sales tax rate from 6% to 6.5%, effective 1 October 2025. The sales tax rate will be further to 7% on 1 October 2026. The increase follows the district's 2025 budget by the City Council and is
See More
US: North Carolina ends sales tax threshold for remote sellers
The US state of North Carolina has phased out the 200-transaction sales tax threshold for retail merchants and marketplace facilitators under Session Law 2024-28, which was recently signed into law by Governor Roy Cooper (D). Effective 1 July
See More
US: Texas finalises sales tax rules for micro and small businesses
The US state of Texas has finalised the regulations for the categorisation of micro-businesses and small businesses under its remote sales and use tax regulations for marketplace providers and remote sellers in accordance with the state's
See More
Canada implements legislation for global minimum tax, digital service tax
Canada's Department of Finance announced that the Fall Economic Statement Implementation Act, 2023 (Bill C-59) and the Budget Implementation Act, 2024, No. 1 (Bill C-69) received royal assent on 20 June, 2024. The key measures from the 2023 Fall
See More
OECD: Managing Rising Subnational Fiscal Risks
An OECD Working Paper on managing rising subnational fiscal risks was published on 13 June 2024. This paper, written by Luiz de Mello and Teresa Ter-Minassian, forms part of the series of working papers on fiscal federalism. The working paper
See More
Australia: ATO consults top 1,000 businesses on supplementary GST returns
The Australian Taxation Office (ATO) initiated a public consultation on 4 June, 2024, regarding the Supplementary annual GST returns for the Top 100 and Top 1,000 public and multinational business taxpayers. The consultation is set to conclude in
See More
Australia: ATO introduces caps on petroleum resource rent tax (PRRT) deductions
The Australian Taxation Office (ATO) released an update concerning the petroleum resource rent tax (PRRT) deductions cap on 5 June, 2024. The petroleum resource rent tax (PRRT) deductions cap is now law and will take effect from 1 July, 2023. A
See More
US: Tennessee implements destination sourcing under the Tennessee Works Tax Act
Tennessee’s Department of Revenue has issued Notice 24-08, outlining the sales and use tax sourcing changes introduced in the "Tennessee Works Tax Act". On 11 May, 2023, Governor Lee signed into law the Tennessee Works Tax Act (TWTA), Public
See More
Italy extends plastic and sugar tax suspension
Italy has enacted Law No. 67 of 23 May 2024, now published in the Official Gazette, which converts Decree-Law No. 39 of 29 March 2024 into law with specific amendments. The key measure in this legislation is the continued suspension of the
See More
Spain: CJEU rules regional excise duty on hydrocarbons breach EU directive on energy and electricity
The Court of Justice of the European Union (CJEU), on 30 May, 2024, delivered its judgement regarding the compatibility of the regional excise duty on hydrocarbons in Spain, from 2013 to 2018, under the harmonised excise legislation. The CJEU has
See More
US: Tennessee introduces bill to allow cities to reduce or exempt food sales tax
The state of Tennessee has introduced House Bill 2641 which allows specific municipalities to exempt the city sales tax on food and food ingredients. The Bill also authorises municipalities to impose a reduced sales tax rate if a full exemption
See More
Czech Republic: Potential changes to windfall tax on fuel
The Czech Statistical Office has revised the statistical classification of economic activities as per the CZ-NACE. This change may impact the range of entities subject to the "windfall tax" on fuel sales. Additionally, the General Financial
See More
Colombia to tax sales of single-use plastics in home and abroad
In a landmark decision, Colombia's tax authority (DIAN) published Ruling 294 on 25 April 2024, marking a significant turn in the country's battle against single-use plastics. This ruling clarifies the application of taxes on the sales of single-use
See More
Australia announces consultation on draft bill to amend GST treatment for vehicle supplies
The Australian Taxation Office (ATO) issued a draft, on 10 May, 2024, for public consultation of the legislation A New Tax System (Goods and Services Tax): Waiver of Tax Invoice Requirement (Motor Vehicle Incentive Payment Made to Motor Vehicle
See More
New Zealand enacts tax bill with pillar 2 global minimum tax for 2023–24
On 28 March 2024, the government of New Zealand government announced that it passed the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill after receiving royal assent on 28 March 2024. The Bill provides key
See More
Malaysia imposes sales tax on import of low value goods
On 1 January 2024, Malaysia imposed a 10% sales tax on imported low-value goods (LVG) sold in the country. The LVG rules came into effect on 1 January 2023 and were initially intended to be effective from 1 April 2023. However, it was postponed
See More
Algeria publishes finance law for 2024 introducing new local solidarity tax
On 31 December 2023, Algeria's Ministry of Finance published the Finance Law for 2024 in the Official Gazette. The Finance Law for 2024 eliminates the 1.5% tax on professional activity (TAP) and introduces the new local solidarity tax
See More
IMF Report Looks at Tax Reforms in Belgium
On 21 December 2022 the IMF issued a report following the conclusion of discussions with Belgium under Article IV of the IMF’s articles of agreement. Owing to the energy price increases, the federal and regional authorities are supporting to
See More