Regulatory Analysis


 
Posted February 2, 2023 by Alec Webb
California Releases 2023 Employer Guide and 2023 Household Employer Guide

California recently released the 2023 California Employer’s Guide (DE 44) and the 2023 Household Employer’s Guide (DE 8829). The “Household Employer’s Guide” has been renamed to “California Employer’s Guide”. A summary of key changes is noted below. To make an adjustment to incorrect UI, ETT, SDI, and/or PIT after DE 9 was filed, file a DE 88 […]

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Posted February 2, 2023 by juliaolienyk
IRS Releases Form W-4R and Issues Updated Guidance

The 2023 version of the W-4R and W-4P were released January 9, 2023. In 2022, taxpayers had the option to use either the 2021 Form W-4P or the 2022 Forms W-4P and/or W-4R in 2022. However, beginning January 1, 2023, the 2023 W-4P and W-4R must be used. W-4P is now used only to make […]

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Posted February 2, 2023 by Alec Webb
Louisiana Releases Updated EFT Guidelines

Louisiana recently published the 2023 version of R-20201, Electronic Fund Transfer (EFT) Guidelines. This publication provides details and procedures for taxpayers using EFT to submit payment to the Louisiana Department of Revenue. There is only one change made to the latest version of the Publication R-20201. Tax Codes 08431-08435 have been added for “Retail Dealers of […]

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Posted February 2, 2023 by Marta Sowińska
Poland: Postponement of mandatory e-invoicing to 1 July 2024

According to an official announcement by the Ministry of Finance published on 2 February 2023, the go-live date of the mandatory e-invoicing system in Poland will be postponed from 1 January 2024 to 1 July 2024, giving taxpayers 6 more months to prepare for the new e-invoicing obligation. The VAT-exempted taxpayers will have time to […]

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Posted February 1, 2023 by Dilara Inal
France: Updated external specifications for e-invoicing and e-reporting

The French authorities published the updated version of the ‘External specifications file for electronic invoicing’. The new specifications introduced additional mandatory e-invoicing data, new and modified cases of use, amended frequency for e-reporting, retention of invoices by the public billing portal and other new explanations as well as examples for XML files.

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Posted January 30, 2023 by Bradley Feimer
Kodiak, Alaska: Annual Sales Tax Holiday occurring March 4, 2023

1/27/2023 The city of Kodiak, Alaska provides a one-day Annual Sales Tax Holiday for all sales of tangible personal property and services subject to sales tax, except for certain enumerated transactions. The Sales Tax holiday takes place on the first Saturday in March each year and for 2023, the holiday occurs on March 4. Additional […]

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Posted January 27, 2023 by Kelly Muniz
BRAZIL: EFD-Reinf Migration of Events to Layout v.2.1.1 and Synchronous Transmission Deadline

According to the information made available in the SPED web portal, as soon as the new version of the EFD-REINF (Digital Fiscal Record of Withholdings and Other Fiscal Information) is implemented in production to receive events from the R-4000 series, all events must migrate to layout version 2.1.1 (including table events R-1000, R-1070 and the […]

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Posted January 25, 2023 by Bradley Feimer
Ketchikan Gateway Borough & City of Ketchikan Sales Tax Holiday March 25, 2023

1/24/23 Ketchikan Gateway Borough, Alaska has approved Resolution 2972. The Resolution grants a single day Sales Tax Holiday effective on March 25, 2023 in Ketchikan Gateway Borough and the City of Ketchikan. The holiday applies to all sales and rentals of tangible personal property and services normally subject to sales tax, except specified circumstances by […]

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Posted January 25, 2023 by Andres Landerretche
DOMINICAN REPUBLIC: NOTICE EXPIRATION OF TAX RECEIPT NUMBER SEQUENCES (NCF / e-NCF)

The General Directorate of Internal Taxes (DGII) informs all taxpayers that the sequences of Tax Receipt Numbers (NCF / e-NCF) authorized during the year 2021 and that have not been used until December 31, 2022, will expire as of December 1st. of January 2023, respecting the provisions of General Standard No. 06-2018 on Tax Receipts. […]

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Posted January 24, 2023 by chasehague
Iowa HSB 33; IA SSB 1055

Companion bills have been introduced in Iowa proposing to amend the banking provisions in Iowa’s Unclaimed Property law to include electronic messaging as an activity that constitutes contact. On January 17, 2023, Iowa House Study Bill 33 was introduced and on January 18, 2023, Senate Study Bill 1055 was introduced. The identical bills propose to […]

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Posted January 24, 2023 by chasehague
Oregon Senate Bill 311 Introduced

On January 17, 2023, Oregon Senate Bill 311 was introduced. The bill proposes to amend Oregon’s False Claims Act. Because False Claims Act violations are increasingly being alleged against holders regarding their unclaimed property reporting, it’s important to take note of states’ actions relating to their False Claims laws. Oregon is now proposing to increase […]

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Posted January 23, 2023 by Alec Webb
Massachusetts Releases Health Care Forms for Tax Year 2022

The Massachusetts Department of Revenue has released 2022 Schedule HC: Health Care Information form, Schedule HC Instructions, Schedule HC-CS: Health Care Information Continuation Sheet. These state forms report insurance offerings to Massachusetts residents as required by state law. They are parallel to and independent of similar federal reporting requirements The cap has been raised on […]

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Posted January 20, 2023 by Freda Pepper
Oregon House Bill 2160 Introduced

On January 17, 2023, Oregon House Bill 2160 was introduced.  The bill proposes to amend both the securities and wages provisions in Oregon’s unclaimed property law. Securities 1. Presumption of Abandonment – Under the current law, securities are presumed abandoned after a period of 3 years when:  (1) A dividend, distribution or other sum has […]

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Posted January 20, 2023 by Paul Ogawa
Louisiana Updates Reporting Requirements for Form 1099-NEC

The Louisiana Department of Revenue recently published Revenue Information Bulletin (RIB) 23-006, State Filing Requirements for IRS Form 1099-NEC. This guidance follows an administrative waiver of the filing requirement from tax year 2021 and outlines the filing requirements related to Form 1099-NEC to Louisiana. Beginning January 1, 2023 (for tax year 2022), all service recipients […]

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Posted January 20, 2023 by Alec Webb
Michigan Releases 2023 Income Tax Withholding Guide

Michigan has released its 2023 Income Tax Withholding Guide. The Michigan Income Tax Withholding Guide is a publication that offers comprehensive guidance for Michigan employers required to withhold income tax. Michigan has raised the Personal Exemption amount, the Pension Tax Exemption for those born before 1946 and the Personal Exemption Allowance from 1946 to 1952. […]

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Posted January 20, 2023 by Dilara Inal
Saudi Arabia: Voluntary participation in Phase 2 of e-invoicing

The Saudi Arabian Tax and Customs Authority, ZATCA, has recently changed its approach to voluntary participation in Phase 2 of e-invoicing. Previously it has not been allowed to voluntarily start the implementation of Phase 2, however, with the update of the guideline published in December 2022, taxpayers now have the option to start following Phase 2 […]

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Posted January 19, 2023 by Robert Pelletier
Botswana Temporary 12% VAT Rate Extended to 31 March 2023

On 18 January 2023, the Botswana Ministry of Finance issued a public notice that the temporary reduced standard VAT rate of 12% is extended to 31 March 2023. The public notice can be found here.

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Posted January 19, 2023 by Robert Pelletier
Canary Islands: Reduced VAT Rates on Face Masks and Gloves Extended to 30 June 2023

Pursuant to Decree Law 15/2022, the zero-rate VAT rate that temporarily applied to supplies of face masks and gloves in the Canary Islands is extended until June 30, 2023. The decree can be found here (in Spanish).

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