Law tax

BIR Releases Vaping Law Tax Guidelines

A man vapes outside a restaurant in Mandaluyon on November 12, 2019. Gigie Cruz, ABS-CBN News/Dossier MANILA—The Bureau of Internal Revenue (BIR) has issued guidance on the implementation of the Vaping Law which sets the price floor for heated, vapor and other e-cigarettes. The bureau on Thursday issued Tax Regulation No. 14-2022, which acts as […]

Law tax

Podesta and IRS get to work on Climate Act tax incentives

The IRS wants your opinion. The Treasury Department and the IRS announced on Wednesday that they want the public to intervene on the climate-related and renewable energy tax incentives included in the massive climate law signed into law in August. The bulk of the climate and energy-related spending included in this law — $270 billion […]

Law tax

Podesta and IRS get to work on climate law tax incentives

The IRS wants your opinion. The Treasury Department and the IRS announced on Wednesday that they want the public to intervene on the climate-related and renewable energy tax incentives included in the massive climate law signed into law in August. The bulk of the climate and energy-related spending included in this law — $270 billion […]

Law tax

Climate Act tax credit boosts large-scale battery manufacturing

Electric batteries the size of window air conditioners moved quickly along an Eos Energy Enterprises assembly line near Pittsburgh last week. Workers inserted frames into infrared welding machines to form the zinc batteries, each weighing up to 275 pounds when filled with electrolytes. A shipping container containing 144 batteries – with half a megawatt of […]

Law tax

Inflation Act Tax Credits to Brighten Platinum Prices & More Latest News Here

Peapack Private Wealth Management chief executive warns investors not to overreact to July inflation rate on ‘Making Money’. The Inflation Reduction Act (IRA) is expected to raise prices for platinum, a key component of many green technologies, by expanding tax credits to drive demand for hybrid and electric vehicles, charging stations and refueling, green energy […]

Law tax

Inflation Act Tax Credits to Brighten Platinum Prices

Peapack Private Wealth Management chief executive warns investors not to overreact to July inflation rate on ‘Making Money’. The Inflation Reduction Act (IRA) is expected to boost platinum prices, a key component of many green technologiesexpanding tax credits to drive demand for hybrid and electric vehicles, charging and refueling stations, green energy storage and other […]

Law tax

Biden signs the Cut Inflation Act of 2022 – Tax Authorities

August 17, 2022 Winston & Strawn LLP To print this article, all you need to do is be registered or log in to Mondaq.com. Today, President Biden signed into law the Cutting Inflation Act of 2022 (the “Act”). The law ushers in, among other things, significant changes to the Internal Revenue Code and […]

Law tax

Bulletin – August 22 | Tax law – Tax authorities

To print this article, all you need to do is be registered or log in to Mondaq.com. STJ RECOGNIZES POSSIBILITY OF ICMS CREDIT ON SURCHARGE TAX SUBSTITUTION The Superior Court of Justice (STJ) granted the taxpayer the right to register the credits linked to the State VAT (ICMS) corresponding to the overpayment in the tax […]

Law tax

REP law, tax proposal to reduce plastic waste

Plastic trash is shown on a trash-filled shoreline on Freedom Island in Paranaque City, September 3, 2019. (Reuters Photo) The Environmental Management Bureau (EMB) believes that enacting the Extended Producer Responsibility (EPR) Act of 2022 requiring companies to establish EPR programs for their plastic packaging would significantly reduce the amount of plastic waste. dumped into […]

Law tax

Bulletin – July 22 | Tax law – Tax authorities

To print this article, all you need to do is be registered or log in to Mondaq.com. FEDERAL SUPREME COURT MAY LIMIT CORRECTION OF ISS DEBTS TO SELIC RATE The Federal Supreme Court (STF) has recognized the broad scope of Extraordinary Appeal No. 1,346,152 (Theme No. 1217), in which the Court will determine whether Communal […]

Law tax

New Britain Herald – Connecticut abortion law, tax changes go into effect today

HARTFORD — Connecticut’s first major abortion-related legislation in years, which seeks to legally protect providers and patients from other states’ bans on the procedure, will go into effect Friday. The legislation was passed by the Connecticut General Assembly in late April and signed into law by Democratic Gov. Ned Lamont in May in response to […]

Law tax

New Laws Today: Connecticut Abortion Law, Tax Changes Take Effect

FILE – Gretchen Raffa, vice president of public policy, advocacy and organizing at Planned Parenthood of Southern New England, Inc., appears with a group of Connecticut elected officials as she speaks at a press conference May 3, 2022, at the Connecticut State Capitol in Hartford, Connecticut. Connecticut state officials and abortion providers say they are […]

Law tax

Connecticut Abortion Law, Tax Changes Go Into Effect Friday | New

HARTFORD, Conn. (AP) — Connecticut’s first major abortion-related legislation in years, which seeks to legally shield providers and patients from other states’ bans on the procedure, will go into effect Friday. The legislation has been adopted by the Connecticut General Assembly end of April and signed into law by Democratic Governor Ned Lamont in May […]

Law tax

Connecticut Abortion Law, Tax Changes Go Into Effect Friday | Connecticut News

By SUSAN HAIGH, Associated Press HARTFORD, Conn. (AP) — Connecticut’s first major abortion-related legislation in years, which seeks to legally shield providers and patients from other states’ bans on the procedure, will go into effect Friday. The legislation was passed by the Connecticut General Assembly in late April and signed into law by Democratic Gov. […]

Law tax

Connecticut Abortion Law, Tax Changes Go Into Effect Friday

HARTFORD, Conn. (AP) — Connecticut’s first major abortion-related legislation in years, which seeks to legally shield providers and patients from other states’ bans on the procedure, will go into effect Friday. The legislation was passed by the Connecticut General Assembly in late April and signed into law by Democratic Governor Ned Lamont in May in […]

Law tax

DeSantis signs into law ‘holiday’ tax for gas, schools, hurricanes, – Orlando Sentinel

TALLAHASSEE — A sales tax “holiday” on things like school clothing, hurricane supplies and tools and a state gasoline tax suspension in October topped a package signed Friday by Governor Ron DeSantis. The measure (HB 7071), passed by the Legislature in March, will reduce state and local revenue by $804.3 million in the coming fiscal […]

Law tax

New Mississippi Law Tax Credit Donations to Pregnancy Centers in Crisis

Governor Tate Reeves has signed legislation authorizing a $3.5 million tax credit for individuals and businesses that donate to nonprofit pregnancy resource centers in the state. These centers are generally faith-based and often presented as offering alternatives to abortion services. The new law comes as Mississippi takes center stage in the next Supreme Court decision […]

Law tax

Important changes to the Capital Investment Promotion Act – Tax authorities

To print this article, all you need to do is be registered or log in to Mondaq.com. The Capital Investment Encouragement Act, 57191959- (hereinafter: the “Right”) is designed to encourage investment in Israeli industry and its legislation has a dual purpose: first, to promote Israel over other countries by granting tax incentives; second – to […]

Law tax

Governor signs Wyoming’s new nuclear regulations into law; tax exemptions for the use of domestic uranium begin in 2035

CASPER, Wyo.– On Monday, Wyoming Governor Mark Gordon signed legislation changing the state’s nuclear power and storage regulations. Act of registration at home 59 includes a variety of provisions related to nuclear power generation and nuclear waste storage as the state works to establish a regulatory framework in anticipation of TerraPower’s planned construction of a […]

Law tax

Bill – Code of tax benefits

Parliament has approved the draft law on the tax benefits code (the “law”), which aims to bring together in a single act all the tax benefits existing in Angola, their rules and conditions. Repeal of tax benefit rules Certain laws granting tax advantages will be partially repealed when this law comes into force, in particular: […]

Law tax

Indirect Tax Newsletter – June 2021 – Regulatory Updates – GST Act – Taxation

To print this article, all you need to do is be registered or log in to Mondaq.com. REGULATORY UPDATES GST LAW NOTICE Notification n° 16/2021 – CT, of 01.06.2021. The CBIC has named 01.06.2021 from which Article 50 of the CGST Law of 2017, which imposes the payment of interest on net liabilities in […]

Law tax

Rada misses December vote on tax code for Ukrainian gambling law – Reuters

Reading time: 2 minutes The Verkhovna Rada missed its last opportunity to vote on the fiscal framework required to complete the pending technical provisions of Ukraine’s gambling law. Closing its hearings on Friday, December 17, the Rada did not vote on Bill 2713 – a proposal supported by Ukraine’s finance committee that finalizes the fiscal […]

Law tax

Tax proposal on the start-up law in Spain: details and analysis

Three years after its initial announcement, the Spanish government gave the green light to the “start-up law” and forwarded it to parliament. The bill that could be approved by mid-2022 is part of the reform package that Spain and the European Commission have agreed to in order for Spain to receive stimulus funds from the […]

Law tax

Spanish start-up law tax proposal: details and analysis

Three years after his initial announcement, the Spanish government has given the green light to the “start-up law” and sent it to parliament. The bill which could be approved by mid-2022 is part of the reform package that Spain and the European Commission have agreed on in order for Spain to receive the Union’s recovery […]

Law tax

Indirect Taxation Newsletter – June 2021 – Regulatory News – Customs Law – Taxation

India: Indirect Taxation Newsletter – June 2021 – Regulatory News – Customs Law December 14, 2021 RSA Legal Solutions To print this article, simply register or connect to Mondaq.com. OPINION Notification n ° 31/2021 – Cus, of 05.31.2021.The CBIC has extended the exemption from customs duties up to 08/31.2021 on the importation of Amphotericin B. […]

Law tax

Indirect Taxation Newsletter – June 2021 – Regulatory News – GST Law – Taxation

To print this article, simply register or connect to Mondaq.com. REGULATORY UPDATES GST ACT OPINION Notification n ° 16/2021 – MOT, dated 01.06.2021. The CBIC appointed 01.06.2021 on which article 50 of the CGST law of 2017, which imposes the payment of interest on the net debt in cash, will come into force with retroactive […]

Law tax

Law School Tax Clinic Receives $100,000 Grant – The Source

The Clinic for Low Income Taxpayersone of 11 legal clinics at Washington University School of Law in St. Louis, recently received a $100,000 grant for 2022 from the Taxpayer Advocate Service, an independent arm of the Internal Revenue Service. This is the maximum grant awarded under the program and […]

Law tax

M&A demand fuels side companies as tax partners of major laws

Three large law firms with active mergers and acquisitions practices filled up with tax partners this week, a move driven largely by high demand within their transactional practices, according to firm executives. In Chicago, Greenberg Traurig joined former Kirkland & Ellis tax partner Jeffrey Ekeberg, who joined Greenberg’s Chicago office as a partner. Dechert added […]

Law tax

European Union law, tax offenses and subsequent money laundering

Nicola Sharp of Rahman Ravelli details a case which confirms that EU law cannot prevent tax offenders from being prosecuted for money laundering. In a ruling, the European Court of Justice (ECJ) said European Union law does not prevent authorities from accusing tax offenders of subsequent laundering of their illegal earnings. The publication of the […]

Law tax

[Webinar] Freeman Law Tax Court Review Course: Introduction to the Tax Court: Jurisdiction, Procedure and Overview – September 2, 6:00 PM – 8:00 PM CT | Free human rights

September 2, 2021 6:00 p.m. – 8:00 p.m. CST This program is the first of Freeman Law’s multi-class course designed to prepare CPAs and registered agents for the Tax Court Entrance Examination. Attendees will receive an overview of the Tax Court and learn more about the jurisdiction and procedure of the Tax Court. Our course […]

Law tax

Government introduces bill in LS to remove retrospective tax law, tax demand against Vodafone, Cairn to be withdrawn

Representation image Highlights Finance Minister Nirmala Sitharaman presented the Tax Laws (Amendment) Bill 2021 to Lok Sabha The bill seeks to withdraw tax claims made on the indirect transfer of Indian assets before May 28, 2012. This is an important government move at a time when most international investors are considering investing in India, Pranav […]

Law tax

Luxembourg further improves the flexibility and attractiveness of its law on securitization – Taxation

To print this article, all you need to do is be registered or log in to Mondaq.com. OUR OUTLOOK AT A GLANCE Bill n° 7825 presented to Parliament on 21 May 2021 and amending the law on securitization aims to further improve the flexibility and attractiveness of the (already very successful) Luxembourg framework for […]

Law tax

Whitmer signs drink-to-go law and tax cuts on take-out cocktails

Click to enlarge Michigan State Governor Whitmer will be signing invoices, making it easier for distillers and retailers to distribute and sell blended spirit drinks. Governor Gretchen Whitmer on Monday signed several bills to facilitate the distribution of mixed spirits. “This is a great example of bipartisan legislation that will create jobs and help our […]

Law tax

Revised Tax Penalties for Various Defaults Under UAE VAT Law – Taxation

United Arab Emirates: Revised tax penalties for various defaults under UAE VAT law May 12, 2021 Nexdigm Private Limited To print this article, simply register or connect to Mondaq.com. The Cabinet of Ministers (CoM) gave a wonderful gift to UAE businesses on the occasion of Ramadan Eid by issuing Decision No. 49/2021 (new resolution) amending […]

Law tax

Wisconsin to Comply with Most Stimulus Bill Tax Changes

Wisconsin on Wednesday passed omnibus legislation to combat the Covid-19 pandemic, including language that brings the state’s tax code into line with several features of federal coronavirus response law. Governor Tony Evers (R) signed AB 1038 shortly after it passed the Senate, saying in a statement that it was “finally a step in the right […]