Recordation Tax Definition

What Is Recordation Tax? Recordation tax is an excise tax imposed by certain states as compensation for registering the purchase or sale of property as public record. It is collected by the county where the transaction takes place, with rates and rules varying depending on each jurisdiction’s tax laws. Key […]

Tax Break for Certain Medical Billing Services in Texas | Sheppard Mullin Richter & Hampton LLP

Barbara P. Sherrill

Texas HB 1445, which went into effect on January 1, 2022, exempts medical billing services performed before the submission of the relevant insurance claim from state sales tax. The new legislation legally exempts medical billing services from the statutory definition of taxable “insurance services.” Practically speaking, this relieves management services companies, and […]

Sale of Software License is Exempt from Royalty Tax in India

Barbara P. Sherrill

The Pune Income-tax Appellate Tribunal (Tribunal) issued a ruling in the case of BMC Software Asia Pacific Pte Ltd. (taxpayer), relating to a Singapore-registered company which received income from the sale of software licenses and support, maintenance and training services rendered in connection with software licenses being sold directly or […]