Insights

China Removes VAT Rebate on Certain Steel Exports

June 21, 2021.
Logistics Publications, Trade Publications

China Removes VAT Rebate on Certain Steel Exports Effective May 1, 2021, a 13% VAT rebate no longer applies to many steel products upon their exportation from China. 146 products are impacted by these new regulations, including but not limited to pig iron, seamless and ERW pipes, wired rods, rebar, alloy, and stainless bards...

Coronavirus Update - June 18 2021

June 18, 2021.
Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions. Maintaining operational success is pivotal and planning ahead remains...

Taxable Values: Don’t Be Afraid to Appeal

June 15, 2021.
Tax Publications

Taxable Values Overview Every year companies must file business personal property returns to the various local taxing authorities where they hold assets. These returns determine the taxable values that those authorities use to calculate your annual business property tax. Most jurisdictions, upon receipt of the return, calculate an assessment or...

Coronavirus Update - June 2, 2021

June 02, 2021.
Coronavirus Updates

Allyn International is committed to providing you with the latest updates during this very fluid and ever-changing period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions. COVID-19 positivity rates in India have improved slightly over...

Massachusetts Takes a New Approach to Sales Tax Deadlines

June 02, 2021.
Tax Publications

Beginning on May 1st, the due date for sales and use tax returns for the state of Massachusetts changed from the 20th to the 30th day of the month. For example, a return for the period beginning on April 1, 2021, will now be due on May 30th, instead of May 2...

Louisiana Aims to End the Madness Surrounding their Sales Tax System with House Bill 199

May 31, 2021.
Tax Publications

Louisiana is one of the few states with what is known in the sales tax industry as home rule jurisdictions. In addition to a state sales tax that is levied and administered by the state, cities, counties and other local jurisdictions can levy and administer their own sales tax...

Kansas Passes Economic and Marketplace Nexus Provisions Despite Veto Efforts

May 27, 2021.
Tax Publications

Governor Laura Kelly of Kansas vetoed a tax bill that contained regulations for remote sellers and marketplace facilitators, including setting a threshold for out-of-state sellers in order to establish economic nexus. The Kansas House and Senate overrode this veto in early May and passed the bill, becoming effective on July 1, 2021. ...

Missouri Poised to End Their Sales Tax’s Status as a Relic of a Bygone Era

May 26, 2021.
Tax Publications

Despite the hardships businesses have endured due to COVID-19, online retailers have performed evidently stronger than brick and mortar stores in recent years due to easier client accessibility and lower overhead costs. Missouri officials have taken note of this discrepancy and settled on a bipartisan vote to join the rest...

Importance of Data Accuracy

May 24, 2021.
Logistics Publications, Trade Publications

Businesses rely on data to make important and costly decisions. Logistic business decisions rely upon available data. While much attention is given to the outcome or presentation of these decisions, how much attention is given to the creation of the data used? Where does the stream of...

Maryland Updates Tax Rules on Digital Products

May 24, 2021.
Tax Publications

Effective March 14, 2021, Maryland’s Comptroller expanded the sales and use tax to digital products and digital code. Previously these items were not taxable because they were not in a tangible medium. Now regardless of whether they are downloaded or streamed, many products will be required to have tax applied...

The Four Aims of an Excellent Tax Consultant

May 20, 2021.
Tax Publications

An excellent business tax consultant is a business consultant first and a tax consultant second. This remains true whether they are an external consultant serving clients or an internal consultant serving a singular business in the day-to-day demands of a tax function. This does not mean that anyone with minimal...

At a Glance: Q2 2021 Logistics Bulletin Summary & Outlook

May 17, 2021.
Logistics Publications, Trade Publications

Air Global air volume, measured in CTKs, reached an all-time high in March. Volume is likely to continue increasing throughout 2021 based on market indicators. (1) Air cargo capacity is slowly returning to the market when compared YoY but is still behind 2019 levels by 12%. The supply of capacity can’t meet...