For global businesses looking to expand operations or invest in emerging markets, understanding local tax frameworks is critical to ensuring compliance and optimizing financial strategies. One such framework worth exploring is Guyana’s Value-Added Tax Act (VAT Act), a cornerstone of the country’s taxation system. Enacted by the Parliament of Guyana and amended multiple times over […]

Could mastering Europe’s 2025 VAT landscape save your business millions or sink it with costly missteps? Value-Added Tax (VAT) remains a cornerstone for firms navigating the continent’s $17 trillion economy, with the European Commission reporting a $586 billion tax haul in 2023 alone. As rates shift and compliance tightens—from Sweden’s transfer pricing woes to Ohio’s […]

In December 2024, Spain enacted a series of tax reforms through the Royal Decree-Law 9/2024, which introduces crucial changes to the tax landscape for individuals, businesses, and various sectors starting from January 2025. Whether you are an international investor, a multinational corporation, or an individual with interests in Spain, understanding these changes is vital to […]

As we step into 2025, businesses in Latvia face a shift in Latvia Value Added Tax (VAT) registration that could affect their tax obligations. This change is especially relevant for those reaching the €50,000 VAT registration threshold, which now includes more types of transactions. This means more businesses, including those outside traditional VAT-taxable activities, will […]

January 1, 2025, Poland introduced significant changes to its Value Added Tax (VAT) Act. These reforms are designed to make tax compliance easier, streamline processes, and bring Poland’s VAT regulations more in line with European Union (EU) standards. Whether you’re running a small local business or operating across EU borders, these changes will have a […]

As businesses expand within the U.S. market, understanding the complexities of sales tax compliance has never been more critical. In 2025, companies will face ongoing challenges as states refine their tax policies, broaden their taxable bases, and streamline tax collection processes. Staying ahead of these changes is vital for maintaining compliance and operational efficiency.  This […]

On December 25, 2024, China’s National People’s Congress Standing Committee passed a landmark piece of legislation—the Value-Added Tax (VAT) Law. Set to take effect on January 1, 2026, this new law will replace the existing Interim VAT Regulations that have governed China’s tax system for nearly three decades. It marks a significant step toward modernizing […]

October’s sales tax revenue in Texas reached $4.01 billion—a 5.4% jump fuelled by online, grocery, and home improvement sales. While retail surged, sectors like construction saw a dip. Sales tax continues to be Texas’ biggest revenue driver, covering 58% of tax income.

Lafayette, CA is voting on Measure H on November 7, 2024! This measure proposes a sales tax increase from 8.75% to 9.25% to support public safety, roads, and essential services. Stay informed and be prepared with TaxDo!