Brazil: Rules For The Federal Tax Amnesty Program (“REFIS Da Crise”) And Other Special Installment Plans

Brazilian tax authorities have enacted the regulations for enrollment with the following programs:

(i) the Federal Tax Amnesty Program (“REFIS da Crise”);

(ii) the incentivized program for payment of Social Contributions on Total Revenues (“PIS/COFINS”) debts by financial institutions and insurance companies with reductions of penalties and interest;

(iii) the incentivized program for payment of PIS/COFINS debts derived from exclusion of the State Value-Added Tax (“ICMS”) in their taxable basis with reductions of penalties and interest; and

(iv) […]

By |December 2nd, 2013|

Illinois Supreme Court Holds Regulation Sourcing Sales Tax To Order Acceptance Location Invalid Under State Law

In Hartney Fuel Oil Co. v. Hamer,1 the Illinois Supreme Court affirmed in part, and reversed in part, an Illinois Appellate Court decision2 involving the proper sourcing of the sales of an Illinois motor fuel retailer. The Court held that Hartney Fuel Oil Company complied with the applicable Illinois regulations when it sourced its sales to the location of purchase order acceptance. However, the Court prospectively struck down the Illinois regulation relied upon by Hartney, ruling that […]

By |December 1st, 2013|

India: Whether DIT [Exemption] Is Justified In Refusing Renewal/ Registration U/S 80G Of The Income Tax When Registration Has Already Been Granted Once

It has always been a subject of controversy that companies/trusts/societies are first granted registrations as charitable organizations under the Income Tax Act; and then after few years the same Department who have provided the said registrations, question the charitable nature of the activities performed by such companies/trusts or societies. It is indeed surprising for such organizations to keep on proving their charitable nature for perpetuity.

We made an effort to create an awareness among our […]

By |November 29th, 2013|