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KPMG: Receipts from bunkers delivered in Texas ports are taxable

A Texas Administrative Law Judge recently addressed whether such receipts were liable for tax, it updates.
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7 years ago

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Audit, Tax and Advisory services firm KPMG in late January issued an update addressing whether receipts from sales of bunker fuel oil delivered to vessels as in Texas ports and waters are Texas sourced receipts and liable for tax:

A Texas Administrative Law Judge (ALJ) recently addressed whether receipts from sales of bunker fuel oil delivered to foreign-registered vessels in Texas ports and waters were Texas sourced receipts.  

The taxpayer, an oil and gas pipeline and storage company, sold bunker fuel oil to ships from various countries. On its original franchise tax returns, the taxpayer included receipts from the sale of fuel oil to foreign-registered vessels in Texas ports in its Texas apportionment factor.

However, the taxpayer later filed amended returns claiming that its Texas receipts were overstated because it included the sales of fuel oil to foreign vessels.

Under Texas law, receipts from sales of tangible personal property are sourced to Texas if the property is delivered or shipped to a buyer in the state.

The FOB point, location of title passage, and other conditions of the sale are not relevant to the determination of Texas gross receipts.  

The taxpayer argued that receipts from sales of fuel oil to foreign vessels were not Texas receipts because the buyers were not operating in Texas and were therefore not “in the state.”

The ALJ disagreed. In his view, the oil was delivered to vessels in Texas ports and Texas waters and therefore the receipts were Texas receipts. Moreover, under the Comptroller’s rules, revenue from transactions occurring in Texas waters were Texas receipts.

The taxpayer also argued that the rule conflicted with the statute and the statute was unconstitutional, but the ALJ did not have jurisdiction to address these claims. The taxpayer also argued that Texas franchise tax laws were preempted by federal statute- the Maritime Transportation Security Act.

However, the ALJ determined that the taxpayer failed to present any legal authority to support its preemption argument.

Source: KPMG
Published: 12 February, 2019
 

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Winding up

Singapore: Final meeting scheduled for Tiger LNG Shipping Pte Ltd

Meeting will be held on 29 June at 190 Middle Road #17-05 Fortune Centre Singapore 188979 to hear any explanation that may be given by the liquidator, according to Government Gazette notice.
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Published

2 days ago

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June 2, 2026

By

RESIZED Jo_Johnston from Pixabay

The final meeting for Tiger LNG Shipping Pte Ltd has been scheduled to take place on 29 June, according to the company’s liquidators on a notice posted on Friday (29 May) on the Government Gazette.

The meetings will be held at 10.30am at 190 Middle Road #17-05 Fortune Centre Singapore 188979. 

The meeting is being held for the purpose of having an account laid before the meeting showing the manner in which the winding up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The following are the details of the liquidator:

LUM CHI LUP BENNY
c/o 190 Middle Road
#17-05 Fortune Centre
Singapore 188979

 

Photo credit: Jo_Johnston from Pixabay
Published: 2 June, 2026

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Winding up

Singapore: Annual general meetings scheduled for Xin Guang Shipping and An Xing Shipping

Annual general meeting of the company and creditors for An Xing Shipping and Xin Guang Shipping will be held by electronic means on 11 June and 12 June respectively.

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7 days ago

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May 28, 2026

By

Resized benjamin child

Several notices were published on the Government Gazette on Tuesday (26 May) regarding the annual general meetings of the companies and creditors to be held electronically from 5 to 6 May for Xin Guang Shipping Pte Ltd and An Xing Shipping Pte Ltd. 

Annual general meeting for Xin Guang Shipping are to be held on 12 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

Annual general meeting for An Xing Shipping are to be held on 11 June at the following times:

  • Annual general meeting of the Company at 2pm
  • Annual general meeting of the creditors of the Company at 3pm

The agenda for all the meetings are:

  • To receive an update on the liquidation.
  • To receive an account of the Liquidators’ acts and dealings, and of the conduct of the winding up.

The following are the details of the liquidator: 

Ho May Kee
Liquidator
c/o 8 Marina View
#40-04/05 Asia Square Tower 1
Singapore 018960

 

Photo credit: Benjamin Child
Published: 28 May, 2026

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Winding up

Singapore: Notice of intended dividend issued for Xihe Capital Pte Ltd

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.
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Published

1 week ago

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May 25, 2026

By

RESIZED Drew Beamer

A notice to declare the intended dividend of Xihe Capital Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (15 April).

Xihe Capital Pte Ltd and its subsidiaries are owned by the Lim family, who are also the owners of the embattled Hin Leong Trading.

The following are the details of the notice of intended dividend:

Name of Company : XIHE CAPITAL (PTE.) LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION)

Unique Entity No. / Registration No. : 201727410K

Address of Registered Office : 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

Last Day for Receiving Proofs : 5 June 2026

Name of Liquidator : TAM CHEE CHONG

Address : c/o 10 ANSON ROAD, #10-10, INTERNATIONAL PLAZA SINGAPORE 079903

 

Photo credit: Drew Beamer
Published: 25 May, 2026

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