Regulatory Analysis

Get the latest updates in regulatory analysis news

Posted 1 week ago by Charles Riordan
Poland Introduces Obligation to Use Online Cash Registers

Effective May 1, 2019, Polish taxpayers making B2C supplies of goods and services will be required to use online cash registers connected to the newly established Central Repository of Cash Registers. Data from the Central Repository of Cash Registers will be available to heads of tax and customs offices, directors of tax administration chambers, and the Minister […]

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Posted 1 week ago by Kaitlyn Smethurst
Arkansas Enacts Economic Nexus Law

On April 10, 2019, Governor Hutchinson of Arkansas, officially signed Act 822 into law, which among other changes enacted a new economic nexus threshold. Remote sellers and marketplace facilitators will be required to collect and remit Arkansas sales and use taxes if in a previous or current calendar year they make 200 transactions or $100,000 in […]

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Posted 2 weeks ago by Erik Wallin
Hawaii Passes Unique Marketplace Bill

On April 4, 2019,  Hawaii Governor David Ige signed SB 396/Act 2  into law.  The new law, effective January 1, 2020, establishes marketplace facilitators as the sellers of tangible personal property, intangible property, or services. This is not unusual and is demonstrative of a clear national trend.  However, Hawaii has added a unique twist – marketplace sellers are deemed […]

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Posted 2 weeks ago by Michael Bartram
Texas Leaders Propose Increasing State Sales Tax to Lower Property Taxes

Top Texas politicians are proposing a statewide sales tax rate increase of 1% (from 6.25% to 7.25%) to allow for lower property taxes across the state.  The increase would have to be approved both by the legislature and by Texas voters later this year before it could go into effect.  If the legislature and Texans approve […]

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Posted 2 weeks ago by Katherine Mullen
New Mexico Enacts Legislation Relating to Economic Nexus and Marketplace Facilitators

New Mexico House Bill 6 has been signed into law as Act 270, which changes the definition of “engaging in business” to include persons lacking physical presence in the state (including marketplace providers) who had at least $100,000 of taxable gross receipts in the previous calendar year. Further, where marketplace providers collect tax on behalf […]

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Posted 2 weeks ago by Kaitlyn Smethurst
Postponement of Sales Tax in Zambia

As a part of the 2019 Budget address, Zambia’s Ministry of Finance Margaret Mwanakatwe previously announced that the nation was switching from a VAT system to a non-refundable sales tax regime starting on April 1, 2019. Despite this announcement, the Minister of Finance announced at the end of last week that in order to allow for […]

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Posted 3 weeks ago by Ramon Frias
Deadlines for Colombia Pre-clearance E-invoicing Announced

The Colombian Tax Administration (DIAN) issued Resolution 000020/2019 establishing the schedule for complying with the new pre-clearance e-invoicing requirements and for upgrading to UBL schema version 2.1. This new resolution clarifies the confusion generated by previous resolutions as to effective dates. The deadline is defined by two alternate criteria: a) The type of economic activity […]

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Posted 3 weeks ago by Erik Wallin
Kentucky Enacts Marketplace Legislation

On March 26, 2019, Governor Matt Bevin of Kentucky signed HB 354 into law. The law requires that marketplace providers collect and remit Kentucky sales tax on all sales that the marketplace provider either makes on its own behalf or facilitates on behalf of its marketplace sellers, provided that certain economic thresholds are met. Marketplace […]

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Posted 3 weeks ago by Erik Wallin
New Marketplace Requirements in North Dakota

North Dakota now joins several other states in enacting marketplace legislation. Effective October 1, 2019, marketplace facilitators who have either facilitated more than $100,000 in sales or 200 or more separate transactions into North Dakota in the current or prior calendar year will be required to collect North Dakota sales and use tax. Marketplace facilitators […]

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Posted 3 weeks ago by Matthew Gonnella
West Virginia to Begin Taxing Marketplace Sellers

West Virginia’s Governor Jim Justice recently signed HB 2813 into law which requires marketplace facilitators and referrers to collect and remit sales and use tax if they have $100,000 in annual gross revenue from sales or at least 200 sales transactions in the state, effective July 1, 2019. Marketplace facilitators will also be required to collect and […]

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Posted 3 weeks ago by Erik Wallin
Rhode Island Closes Loophole for Out of State Sellers

A new law requiring out of state sellers to collect and remit sales tax has been signed by Governor Gina Raimondo.  This law closes loopholes which did not require out of state sellers to register for a permit in the state of Rhode Island and collect sales tax. This change will help minimize losses that Rhode […]

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Posted 1 month ago by Matthew Gonnella
West Virginia Makes Home Rule Pilot Program Permanent

The Municipal Home Rule Pilot Program has become a permanent program in West Virginia after S.B. 4 was signed into law by West Virginia Governor Jim Justice. The Home Rule program will allow municipalities in West Virginia to create revenue streams through the implementation of local sales taxes. The law allows municipalities to enact up […]

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Posted 1 month ago by Matthew Gonnella
Virginia to Begin Taxing Out-of-State Retailers

Beginning July 1, 2019, Virginia will require remote sellers and marketplace facilitators to collect and remit sales and use tax if they have more than $100,000 in annual gross revenue from sales or at least 200 sales transactions in the state. Marketplace facilitators will also be required to collect and remit sales tax on behalf […]

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Posted 1 month ago by Matthew Gonnella
West Virginia Creates Exemption for Mobility Enhancing Equipment

West Virginia governor Jim Justice recently signed House Bill 2515 into law.  The law which is effective June 4, 2019, creates an exemption from sales tax for the sale and installation of mobility enhancing equipment that is installed in a new or used motor vehicle for people with physical disabilities. House Bill 2515 also established […]

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Posted 1 month ago by Tom Hospod
South Carolina Updates South Carolina Publication RS-1

South Carolina has issued a revision of its Publication RS-1, Instructions and Specifications for Filing Forms W2. There are no changes to the specifications themselves. However, some addresses have changed: Paper W2s, W2Gs, 1099s, or Extension Request: South Carolina Department of Revenue, PO Box 125, Columbia, SC 29214-0022 CD-ROM: South Carolina Department of Revenue, PO Box […]

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Posted 1 month ago by Paul Ogawa
New York Updates Electronic Reporting of Quarterly Combined Wage and Withholding Tax Information

The New York Department of Taxation and Finance recently updated their Publication 69, Electronic Reporting of Quarterly Combined Wage and Withholding Tax Information. This publication provides information on regulations and requirements for filing withholding tax information on a quarterly basis, including specifications for electronic transmittals. Updated from a downloadable publication to a web page, there […]

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Posted 1 month ago by Paul Ogawa
Kentucky Updates Withholding Instructions for Employers

The Kentucky Department of Revenue recently updated Publication 42A003, Withholding Instructions for Employers. This publication provides instructions and withholding guidelines for employers who have filing obligations in Kentucky. This most recent version is an update to a recent version that was released in December 2018, with only one update from the previous version: Section XII, […]

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Posted 1 month ago by Paul Ogawa
Kentucky Publishes New Form K-5C for Information Returns

The Kentucky Department of Revenue recently published a new form for correcting information returns called Form K-5C, Corrected report of Kentucky Withholding Statements. This form is used to correct certain information on information returns previously submitted using Form K-5, Employer’s Report of Withholding Tax Statements. Form K-5C can only be filed to correct certain information on […]

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Posted 1 month ago by Tom Hospod
Maryland Revises Form MW506FR, Employer Withholding Final Return Form

Maryland has updated its Form MW506FR, Employer Withholding Final Return Form – which should be submitted with the final employer withholding tax return (MW506 or MW506M) or mailed separately if filing electronically. The only revision to the form is the additional requirement of the last four digits of the employer’s zip code.

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Posted 1 month ago by Tom Hospod
Alabama Announces Second Quarter Interest Rate

The Alabama Department of Revenue recently announced the quarterly interest rate for underpayments and overpayments of withholding taxes for the second quarter of 2019. The interest rate for the first quarter of 2019 was 6% and will remain at 6% for this coming quarter.

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