Regulatory Analysis

Progress has been made in the roll-out of the Polish CTC (continuous transaction control) system, Krajowy System of e-Faktur. In June, the Ministry of Finance announced it had reviewed all comments submitted by the public and Polish ministers on the CTC system and decided to take certain actions, including introducing a testing phase for the […]

Effective July 1, 2021, Virginia Senate Bill 1302 was a the first legislation in the nation to provide for an E-988 surcharge on retail prepaid wireless services to fund a 988 suicide prevention hotline. Notably, the E-988 surcharge is combined to the existing E-911 surcharge. Thus on sales tax returns, the new E-911/E-988 surcharge of […]

Once again, Portugal published a ministerial order de facto amending the timeline for the implementation of its B2G electronic invoice mandate. According to the Despacho 260/2021-XXII, the Portuguese public administration will continue to accept B2G invoices in PDF format until 31 December 2021.

Colorado recently enacted Senate Bill 154 to establish a 988 suicide prevention hotline and impose an E-988 surcharge. The legislation provides that beginning January 1, 2022, there is to be a E-988 surcharge applied to each retail transaction for prepaid wireless services. This surcharge will be used to fund the 988 network in the state. […]

On August 1, 2019, the state of Kerala, India imposed a two-year Flood Cess of 1% on B2C intrastate supplies on most goods and services subject to GST.  The Flood Cess is set to expire on August 1, 2021.  The implementing regulation can be found here.

Ever since the introduction of mandatory e-invoicing in India, B2C transactions have been excluded from the scope of mandatory e-invoicing. For these transactions specifically, there is a separate requirement: taxpayers with an annual threshold of 500 Cr. rupees or more must include a self-generated dynamic QR code on B2C invoices. Even though this requirement was […]

The system of penalties/surcharges for late submission without prior requirement by the Tax Authorities (Art. 27.2 LGT 58/2003) has been modified by the Act 11/2021 published on Saturday 10 July 2021 in the Spanish Gazette (BOE) and came into force on Sunday 11 July 2021. The new rule brings changes to the penalties/surcharges system. The […]

Supplies between Italy and San Marino are accompanied by a set of customs obligations. After the introduction of the Italian e-invoicing mandate in 2019, Italy and San Marino started negotiations to expand the use of e-invoices in cross-border transactions between the two countries. Those negotiations are now complete and the details are available. More information […]

The Technical Note 2016.003 has been updated and is now in version 2.00. The Technical Note changes the NCM table and is effective from July 2021. The NCM codes are part of NFe content and identify goods in Mercosul/Mercosur.

The Technical Note 2020.001 has been updated and is now in version 1.10. The new version implements regulatory updated introduced by the Sinief Agreement 44/20, changing deadlines for buyer’s responses on the NF-e flow, as follows: – Events confirmation, non-confirmation, or transaction not performed: up to 180 days after clearance; – Acknowledgment of an NF-e: […]

On 28 June 2021 the Greek Ministry of Finance announced that the myDATA mandate has been postponed to autumn 2021. This is due to the adverse financial impact of the pandemic on businesses and the country. The phased roll-out begins in September 2021 and is scheduled to be completed in November 2021. Retroactive reporting of […]

Maine’s governor recently signed LD 1216 into law. This bill provides that on or after January 1, 2022, economic nexus will no longer require 200 separate transactions. Entities with gross sales exceeding $100,000 in the current or previous calendar year must continue to register, collect and remit sales and use tax. The relevant amendment can […]

The IRS recently released an updated version of Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(S). This publication provides information and procedures relating to backup withholding, including instructions on how payers and recipients must navigate the CP2100/2100A notification process. Most notably the publication was updated to include Form 1099-NEC by name: previously this form […]

NY AB 7742 was introduced on May 21, 2021. Click here to read a copy of the bill. This proposed legislation is significant because it defines virtual currency and provides guidelines for reporting. A dormancy period of 3 years will be used. The state would be able to accept the currency in native units so […]

Colorado Governor Jared Polis recently signed HB 21-1265 allowing a temporary deduction from state net taxable sales for qualifying retailers including, restaurants, caterers, and bars, so that they may retain the sales tax collected as assistance for revenue losses suffered from the pandemic. The bill is effective from June 2021 through August 2021. Further information, […]

The schema of version 1.00 of the NT 2021.001 has been published. The NT 2021.001 introduces the new NFe event “proof of delivery of the NFe”. The event registers a proof of delivery of the supply to its recipient, and can be used from 22 June 2021.The schema of version 1.00 of the NT 2021.001 […]

New Mexico has released two new withholding forms and related instructions. Beginning July 1, 2021 form TRD-41414 is the new wage withholding tax return and form TRD-41409 is the new non-wage withholding tax return. These forms replace the prior CRS-1 semi-annual withholding return form. Where CRS-1 was previously used to report either wage or non-wage […]

Kansas Governor Laura Kelly signed HB 2137 into law on May 19, 2021, making several critical changes relating to the DtC shipping of wine impacting fulfillment houses and DtC Sellers. These changes are immediately effective. Kansas requires both in-state and out-of-state fulfillment houses to register and received a Fulfillment House License. Each location of the […]