OECD urges Malaysia to reintroduce GST to meet deficit target
According to a recent report published in the OECD Economic Surveys on Malaysia for 2024 on 27 August 2024, the OECD recommended Malaysia reinstate the goods and services tax (GST) at a low rate, coupled with targeted social transfers for vulnerable
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Slovak Republic plans to extend excise duty exemption for small renewable energy producers
The Slovak Republic Parliament has agreed to consider a draft bill that amends the Law on Excise Duty on Electricity, on 22 August 2024, addressing the regulations concerning electricity generated from renewable sources by small energy
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Australia publishes guidance on GST for food, drinks, health products
The Australian Taxation Office (ATO) has provided guidance to help taxpayers navigate the goods and services tax (GST) classification of food, beverages, and health products, clarifying whether these items are subject to tax or GST-free. ATO has
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US: SST Board finds Georgia, Nebraska, Ohio sales tax systems non-compliant, seeks public inputÂ
The US Streamlined Sales Tax Governing Board (SST) has found potential non-compliance with the Streamlined Sales and Use Tax Agreement (SSUTA) in Georgia, Nebraska, and Ohio during its 2024 Annual State Compliance Review. The SST has requested
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Germany: Tax revenue falls by 7.9% in July 2024
Germany’s Ministry of Finance revealed that the federal and regional governments’ tax revenues significantly dropped in July 2024, compared to July 2023. The findings were published in a report on Tuesday, 22 August. This decline was
See MoreUS: 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 MoreUS: 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 MoreUS: 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
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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
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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 MoreAustralia: 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 MoreAustralia: 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
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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
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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
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Spain: CJEU rules regional excise duty on hydrocarbons breach EU directive on energy and electricityÂ
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 MoreUS: 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
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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
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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
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