These proposed regulations, once adopted as final regulations in a Treasury Decision published in the Federal Register, are proposed to apply to calendar quarters beginning on or after October 1, 2023. Taxpayers may rely on these proposed regulations for such returns beginning on October 1, 2023, and before the date that a Treasury Decision published in the Federal Register adopts … Read More

The white-label service provider company applies invoice discounting to a third-party financing company. The financing company would offer 80% of the outstanding invoice to the white-label company. The Remaining 20% would be returned by the finance company to the white-label company upon receiving the full amount from the TV sets buyer. The finance business charges a discount fee (a percentage … Read More