In the 10 days before the July 1 effective date of the reinstated Superfund Chemical Excise Taxes (SCET), the IRS issued informal guidance in the form of frequently asked questions (FAQs) and a rate table for taxable substances. The IRS followed with a revenue procedure setting forth the procedures for requesting a determination that a substance should be added to or removed from the list of taxable substances under the SCET, among other related matters.
Source PwC
Latest Posts in "United States"
- U.S. Sales Tax Explained: Key Rules, Nexus, Exemptions, and Compliance Steps for Businesses
- Utah Approves New Emergency Services Sales Tax and Modifies Rural Health Care Tax Rules
- Committee Urges Voters to Renew 1% Sales Tax for Bibb County School Improvements
- Florida DOR Proposes Changes to Sales Tax Rules for Export Sales and Documentation Requirements
- Washington Imposes Sales Tax on Digital Ads: Higher Costs for Amazon Sellers Starting October 2025
