As per the previous guidance, services to assign credit ratings to legal entities are taxable as credit reporting services. In order to give taxpayers time to comply with the updated policy, the Comptroller instructs taxpayers to begin collecting and remitting tax on their taxable credit rating services beginning July 1, 2023.
Source: cch.com
Latest Posts in "United States"
- How intellectual property payments impact US tariffs on goods
- Navigating Multi-State Sales Tax Requirements for Philadelphia Businesses: Key Challenges and Solutions
- Washington Expands Sales Tax to Professional Services: Key Changes and Compliance Strategies for 2025
- US imposes additional tariffs on India for buying oil from Russia
- EU proposes tariff reductions to implement EU-US deal
