ONESOURCE Indirect Tax Q2’14 Sales Tax & VAT Rate Report · 2014. 7. 24. · ONESOURCE Indirect...
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Transcript of ONESOURCE Indirect Tax Q2’14 Sales Tax & VAT Rate Report · 2014. 7. 24. · ONESOURCE Indirect...
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Tax Data Updates
© 2014 Thomson Reuters. All rights reserved. For more assistance, use our online resources or contact Customer Support by opening a support request through the Software Support Network at https://www.onesourceidtsupport.com, or call us at 1-866-472-2749. [email protected] http://onesource.thomsonreuters.com/solutions/indirect-tax/
ONESOURCE Indirect Tax Q2’14 Sales Tax & VAT Rate
Report
US Standard Sales Tax Rate Changes 2014
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Total
State Rate Changes 0 0 0 0 0 0 0 0 0 0 0
County Rate Changes 26 1 0 27 21 1 1 23 0 0 50
City Rate Changes 67 2 3 72 59 5 2 66 0 0 138
District Rate Changes 9 1 1 11 4 2 0 6 0 0 17
New Taxing States 0 0 0 0 0 0 0 0 0 0 0
New Taxing Counties 13 0 0 13 4 0 0 4 0 0 17
New Taxing Cities 17 2 1 20 5 0 0 5 0 0 25
New District Taxes 29 0 0 29 30 0 0 30 0 0 59
Total 161 6 5 172 123 8 3 134 0 0 0 0 0 0 0 0 306
US Special Sales Tax Rate Changes 2014
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Total
State Rate Changes 2 0 0 2 0 0 0 0 0 0 2
County Rate Changes 1 1 0 2 1 0 0 1 0 0 3
City Rate Changes 10 0 4 14 4 4 3 11 0 0 25
District Rate Changes 3 0 3 6 3 1 0 4 0 0 10
New Taxing States 0 0 0 0 0 0 0 0 0 0 0
New Taxing Counties 1 0 1 2 1 0 3 4 0 0 6
New Taxing Cities 9 2 0 11 2 1 6 9 0 0 20
New District Taxes 2 0 0 2 0 0 36 36 0 0 38
Total 28 3 8 39 11 6 48 65 0 0 0 0 0 0 0 0 104
Note: special rates include non‐standard rates (e.g. rental, auto, and food)
2014 US Regular Sales Tax Rate Changes
(total number of increases, decreases, and new rates)
Months State County City District Subtotals TotalIncreases
Decreases
New
Increases
Decreases
New
Increases
Decreases
New
Increases
Decreases
New
Chan
ges
New
Jan 0 0 0 17 9 13 59 8 17 6 3 29 102 59 161
Feb 0 0 0 1 0 0 2 0 2 1 0 0 4 2 6
Mar 0 0 0 0 0 0 3 0 1 1 0 0 4 1 5
Q1 0 0 0 18 9 13 64 8 20 8 3 29 110 62 172
Apr 0 0 0 18 3 4 53 6 5 1 3 30 84 39 123
May 0 0 0 0 1 0 5 0 0 2 0 0 8 0 8
Jun 0 0 0 0 1 0 1 1 0 0 0 0 3 0 3
Q2 0 0 0 18 5 4 59 7 5 3 3 30 95 39 134
Jul 0 0 0
Aug 0 0 0
Sep 0 0 0
Q3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oct 0 0
Nov 0 0
Dec 0 0
Q4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total 0 0 0 36 14 17 123 15 25 11 6 59 205 101 306
2014 US Special Sales Tax Rate Changes
(total number of increases, decreases, and new rates)
Months State County City District Subtotals Total
Increases
Decreases
New
Increases
Decreases
New
Increases
Decreases
New
Increases
Decreases
New
Chan
ges
New
Jan 0 2 0 1 0 1 8 2 9 3 0 2 16 12 28
Feb 0 0 0 0 1 0 0 0 2 0 0 0 1 2 3
Mar 0 0 0 0 0 1 4 0 0 3 0 0 7 1 8
Q1 0 2 0 1 1 2 12 2 11 6 0 2 24 15 39
Apr 0 0 0 1 0 1 3 1 2 3 0 0 8 3 11
May 0 0 0 0 0 0 4 0 1 1 0 0 5 1 6
Jun 0 0 0 0 0 3 3 0 6 0 0 36 3 45 48
Q2 0 0 0 1 0 4 10 1 9 4 0 36 16 49 65
Jul 0 0 0
Aug 0 0 0
Sep 0 0 0
Q3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Oct 0 0 0
Nov 0 0 0
Dec 0 0 0
Q4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total 0 2 0 2 1 6 22 3 20 10 0 38 40 64 104
Note: special rates include non‐standard rates (e.g. rental, auto, and food)
Summary of Average U.S. Sales Tax Rates 2014
Year
State Avg.
Rate
County Avg.
Rate
City Avg.
Rate
Combined
Avg. Rate
2014 5.457% 1.250% 1.760% 8.467%
Q2 SALES TAX HIGHLIGHTS
State Level Standard Rate Change in Q2’2014:
No states changed their sales/use tax rates this quarter.
State Level Rate (state designated portion of the sales tax rate):
Indiana, Mississippi, New Jersey, Rhode Island, and Tennessee tied for the highest state sales tax rate at 7.0%.
The second highest state sales tax rate was Minnesota at 6.875%. The third highest state sales tax rate was
Nevada at 6.85%.
The average state sales tax rate was 5.457% in Q2’14.
County Level Rate (county designated portion of the sales tax rate):
The highest county sales tax rate was Wrangell, AK at 7.0%. The next highest rate was Petersburg, AK and Sitka,
AK at 6.0%. The third highest county rates were 5.0% in the following authorities:
o Juneau, AK
o Skagway, AK
o Yakutat, AK
o Chambers, AL (In unincorporated areas outside of police jurisdictions within the county)
o Tuscaloosa, AL (In unincorporated areas outside of police jurisdictions within the county)
o Hinsdale, CO
o San Juan, CO
o Iberville Parish, LA
o Orleans Parish, LA
o St. Bernard Parish, LA
o St. Charles, LA
The average county sales tax rate was 1.250% in Q2’14.
City Level Rate (city designated portion of the sales tax rate):
The highest city sales tax rate was Kodiak, AK at 7.0%. The second highest city rates were 6.5% in Hoonah, AK
and Selawik, AK. The following cities were tied for the third highest city sales tax at 6.0%:
o Bethel, AK
o Buckland, AK
o Cordova, AK
o Dillingham, AK
o Hydaburg, AK
o Kotzebue, AK
o Thorne Bay, AK
o Tuba City (Navajo Nation), AZ
The average city sales tax rate was 1.760% in Q2’14.
Combined: State/County/City Rate:
The jurisdictions with the highest combined sales tax rates are as follows:
o 12.725% Tuba City, AZ (Navajo Nation)
o 12.5% Arab, AL (Cullman County)
o 12.0% Dermott, AR (Chicot County)
o 11.75% McKinley County, NM (Navajo Nation)
o 11.725% Coconino County, AZ (Navajo Nation)
o 11.7% Pinal County, AZ (Tohono O’odham Nation)
o 11.6875% Cibola County, NM (Navajo Nation)
o 11.625% Mansfield, AR (Scott County)
o 11.5% Collinsville, AL (Cherokee County)
o 11.5% Piedmont, AL (Cherokee County)
o 11.5% Eudora, AR (Chicot County)
o 11.5% Lake Village, AR (Chicot County)
o 11.375% San Juan County, NM (Navajo Nation)
o 11.25% Menifee, AR (Conway County)
o 11.25% Sunset, AR (Crittenden County)
The average combined rate was 8.467% in Q2’14.
INTL Standard Rate Changes 2014
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Total
Country Rate Changes 2 0 0 2 1 0 0 1 0 0 3
Country New Rates 0 0 0 0 0 1 0 1 0 0 1
State Rate Changes 0 1 0 1 0 0 0 0 0 0 1
State New Rates 0 0 0 0 0 0 1 1 0 0 1
Total 2 1 0 3 1 1 1 3 0 0 0 0 0 0 0 0 6
INTL Special Rate Changes 2014
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Total
Country Rate Changes 3 0 1 4 0 0 0 0 0 0 4
Country New Rates 0 0 0 0 3 0 0 3 0 0 3
State Rate Changes 0 3 0 3 0 0 0 0 0 0 3
State New Rates 0 7 0 7 0 0 2 2 0 0 9
Total 3 10 1 14 3 0 2 5 0 0 0 0 0 0 0 0 19
Jan Feb Mar Q1 Apr May Jun Q2 Jul Aug Sep Q3 Oct Nov Dec Q4 Total
Product Taxability 152 22 0 174 333 0 69 402 0 0 576
Total 152 22 0 174 333 0 69 402 0 0 0 0 0 0 0 0 576
INTL Product Taxability Changes 2014 From Law Changes
2014 INTL Regular Tax Rate Changes
(total number of increases, decreases, and new rates)
Months Country
Incr
eas
es
Dec
reas
es
New
Incr
eas
es
Dec
reas
es
New
Tota
l
Jan 2 0 0 0 0 0 2
Feb 0 0 0 1 0 0 1
Mar 0 0 0 0 0 0 0
Q1 2 0 0 1 0 0 3
Apr 0 0 1 0 0 0 1
May 0 0 1 0 0 0 1
Jun 0 0 0 0 0 1 1
Q2 0 0 2 0 0 1 3
Jul 0
Aug 0
Sep 0
Q3 0 0 0 0 0 0 0
Oct 0
Nov 0
Dec 0
Q4 0 0 0 0 0 0 0
Total 2 0 2 1 0 1 6
2014 INTL Special Tax Rate Changes
(total number of increases, decreases, and new rates)
Months Country State
Incr
eas
es
Dec
reas
es
New
Incr
eas
es
Dec
reas
es
New
Tota
l
Jan 3 0 0 0 0 0 3
Feb 0 0 0 0 3 7 10
Mar 1 0 0 0 0 0 1
Q1 4 0 0 0 3 7 14
Apr 0 0 3 0 0 0 3
May 0 0 0 0 0 0 0
Jun 0 0 0 0 0 2 2
Q2 0 0 3 0 0 2 5
Jul 0
Aug 0
Sep 0
Q3 0 0 0 0 0 0 0
Oct 0
Nov 0
Dec 0
Q4 0 0 0 0 0 0 0
Total 4 0 3 0 3 9 19
State
Q2 VAT Highlights
Country Level Rate Additions in Q2’ 2014
In anticipation of Malaysia implementing a new Goods and Services Tax scheme, officially signed into law in April 2014,
the authority of Malaysia GST was added in INTL Content May 2014 Update #1, including all rates, catch-all rules, and
cross-border logic effective 4/1/2015.
China expanded VAT treatment to the telecommunications sector in accordance with Cai Shui 43 [2014], 6/1/2014. The
applicable rates are 11% for basic telecommunications services and 6% for value-added telecommunications services.
State Level Rates Changes in Q2’ 2014
The state of Andhra Pradesh was divided into two states, Telangana and Andhra Pradesh. This officially took effect on 2
June 2014. The existent VAT law will apply to both states until the new government makes modifications to the law. The
VAT standard rate is 14.5%, reduced rates are 5% and 1%.
