Many Sales Tax Changes Take Effect April 1, 2014
- Apr 1, 2014 | Gail Cole
Numerous states have announced sales tax rate changes, effective today, April 1, 2014. Warning: this is no April Fools' jest.
In addition to rate changes, there are boundary changes (which can impact rates) and changes in rules and regulations (ditto).
There are also changes to changes. For example, Minnesota was scheduled to impose a sales tax on warehousing and storage services on April 1 but the tax was repealed at the last minute. This might seem like a joke, but it's serious business, indeed.
Changes are also afoot on the global front, effective April 1, 2014:
- South Africa begins applying value added tax to certain electronic services.
- Japan's value added tax is scheduled to jump from 5% to 8%.
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