IGEN’s Post

The implementation of the new tax regime has significantly impacted our research lab's financial stability, leading to a reduction in available funding. The changes in tax policies have affected our ability to secure grants and other funding sources, making it challenging to sustain ongoing projects and initiate new ones. This financial setback requires us to reassess our priorities and explore alternative funding avenues to continue our research endeavors. Despite these challenges, we remain committed to our scientific goals and are actively seeking innovative solutions to overcome these financial constraints.##Chemicals #Tax regime

𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗼𝗻 𝘁𝗵𝗲 𝗘𝘅𝗽𝗶𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗩𝗔𝗧 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 𝗚𝗿𝗮𝗻𝘁𝗲𝗱 𝘁𝗼 𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗗𝗿𝘂𝗴𝘀, 𝗩𝗮𝗰𝗰𝗶𝗻𝗲𝘀, 𝗮𝗻𝗱 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗣𝗿𝗲𝘃𝗲𝗻𝘁𝗶𝗼𝗻, 𝗜𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝗠𝗮𝘀𝗸𝘀 𝗮𝗻𝗱 𝗟𝗮𝗯𝗼𝗿𝗮𝘁𝗼𝗿𝘆 𝗚𝗼𝘄𝗻𝘀. Reversion of Value-Added Tax Exemption of Transactions Specified Under Section 109(BB) of the 1997 NIRC, as amended Read it here: https://lnkd.in/g3z_JmCe #BDBLaw #WTSGlobal #TaxLawPH #TaxExemption #VAT

Bio-fertilizers classified under different chapters leading to disparate GST rates. Order quashed, remanded for fresh hearing. http://dlvr.it/TBp3QG #Taxation #GST #BioFertilizers #JudicialReview #FairHearing

Manufacturers and importers of specified drugs that are sold to Medicare and Medicaid are preparing to mitigate the punitive nature of a new excise tax. Read this report, “Preparation for New Excise Tax on Prescription Drugs Sold to Medicare and Medicaid Has Already Begun, Absent Substantive IRS Regulations, Because of Mandatory Price Negotiations,” by KPMG Washington National Tax professionals, Taylor Cortright and Rachel Smith. #KPMGWNT #Tax #healthcare

DGGI sets new investigation guidelines post annual conference. Guidelines aim for ease of doing business and resource optimization. All-India jurisdiction granted for GST and Central Excise investigations. #DGGI #tax #GST #Excise #investigation #indianeconomy #India #msa #msaupdates

Great progress in R&D tax credits for companies in the US. "In a 40-3 bipartisan vote, the House Ways and Means Committee on Friday approved legislation that would restore the R&D tax credit. The proposal: R&D spending would be 100% tax deductible through 2025, reversing a change (as of 2022) requiring R&D expenses to be amortized over five years." https://lnkd.in/g83r4y2Y

Excise Duty Exemption on Packing Materials procured from the Domestic Market cannot be denied when the Assessee Complied with Procedures under Exemption Notification: CESTAT #PackingMaterials #DomesticMarket #AssesseeComplied #ExemptionNotification #Taxation

☀ In a recent article for ACEPER's SOLARE B2B Magazine, Milan Tax Senior Associate Alfredo Guacci Esposito and Associate Marianna Telesca analyse potential alternative contractual schemes to install agrovoltaic plants, given the amendments to the tax treatment of the surface right introduced by the Budget Law 2024. Read the full article in Italian below. #WFW #Tax #BudgetLaw2024 #Agrovoltaic

Time for Quick Question Monday! Today's questions is a follow up of a recent poll I did. When asked about excise taxes, 65% of you said there should be no excise tax. In theory, I agree. There is no evidence that societal harm from cannabis use warrants a hefty excise tax price tag. BUT, many states fund their equity programs and other community programs from excise taxes. So, here is the question. IF we did away with cannabis excise taxes, how should states support equity and other social programs currently funded by this tax stream? #quickquestionmonday #cannabis #taxes #equity

Practical implications of VAT rate changes on food and cosmetic services https://lnkd.in/eV2AiCF6 #Poland #VAT #Tax #News Subscribe: https://bit.ly/2McweWZ