Regulatory Analysis

Posted June 20, 2024 by Inês Carvalho
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’. After an extensive process of consultation with interested stakeholders, the DGFiP recently published a new version of the French e-invoicing mandate External Specifications file. This latest version constitutes the ‘source of truth’ for describing the functional principles of the central […]

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Posted June 20, 2024 by Marta Sowińska
New Zealand: e-Invoicing Discussions Ongoing

New Zealand has recently signed an e-invoicing Memorandum of Agreement (MoA) with Singapore, whereby the countries have agreed to cooperate on initiatives that promote, encourage, support, or facilitate the adoption of e-invoicing by businesses. In addition, mandatory e-invoicing is being discussed within the e-Invoicing Adoption Leaders Group, which includes representatives from both the business and […]

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Posted June 20, 2024 by Inês Carvalho
Romania: Draft Legislation Proposes a New B2C e-Invoicing Mandate

On June 18th, The Romanian Ministry of Finance published a Draft Order intended to expand the scope of the electronic invoicing mandate in the country to include B2C transactions. In the context of electronic invoicing, B2C transactions are defined as occurring between a taxable entity established in Romania and a non-taxable person. The implementation of […]

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Posted June 18, 2024 by Erik Wallin
Massachusetts Sets Dates for 2024 Sales Tax Holiday

The 2024 Massachusetts Sales Tax Holiday will be held on Saturday, August 10 and Sunday, August 11. Most retail items of up to $2,500, purchased in Massachusetts for personal use on these two days, will be exempt from sales tax. For more information click here.

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Posted June 17, 2024 by Robert Beck
IRS Releases Update to Form 941-X And Accompanying Instructions

The IRS recently released an update to Form 941-X and the accompanying instructions. Form 941-X is the form for reporting Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund to the IRS. Generally, the form is updated yearly. This year, the updates to the form are in conjunction with the expiration of the social […]

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Posted June 17, 2024 by Dan Barros
Maryland Increases Sales Tax on Electronic Smoking Devices

As part of Senate Bill 362, the “Budget Reconciliation and Financing Act of 2024,” Maryland has, among a variety of changes, increased the sales and use tax rate on the sale of electronic devices, including vaping liquid sold in a container that contains more than 5ml of vaping liquid. Effective July 1, 2024, the sales […]

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Posted June 14, 2024 by Dan Barros
Minnesota Enacts New Retail Delivery Fee effective July 1, 2024

Minnesota’s new Retail Delivery Fee, the “Road Improvement and Food Delivery Fee,” takes effect July 1, 2024. Retailers will be subject to a $0.50 fee on certain transactions that are $100 or more and involve a “retail delivery” in Minnesota. This includes retail deliveries of taxable tangible goods, as well as retail deliveries of clothing. […]

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Posted June 14, 2024 by Bradley Feimer
North Dakota Tax Changes Effective July 1, 2024

The North Dakota Office of State Tax Commissioner recently announced local tax changes effective July 1, 2024. Such changes include a sales tax rate increase in the City of Mapleton and removal of the maximum tax cap, as well as a sales tax rate increase in the City of Rolla. More information may be found […]

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Posted June 13, 2024 by Sovos
Connecticut Increases E911 Fee

In Connecticut, a surcharge is assessed by the Public Utilities Regulatory Authority on all phone lines, including prepaid wireless services, in order to fund E911 services.  Each fiscal year the amount of the surcharge is reviewed.  Pursuant to Public Utilities Regulatory Authority Docket No. 24-10-05, the surcharge has been increased for prepaid wireless services from $0.68 […]

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Posted June 10, 2024 by Bradley Feimer
CO Releases Local Sales & Use Tax Changes Effective July 1, 2024

The Colorado Department of Revenue published local sales and use tax changes effective July 1, 2024. Such changes include rate increases for the cities of Dolores, Garden City, Lyons, and South Fork. The city of Deer Trail will begin imposing sales and use tax at a rate of 1.75%. Additionally, the City of Wiley will […]

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Posted June 6, 2024 by Marta Sowińska
Latvia: Mandatory B2B and B2G e-Invoicing

Following the plans announced earlier this year, Latvian Ministry of Finance (MoF) published the draft amendments to the Accounting Law, aiming to implement mandatory B2B and B2G e-invoicing. Taxpayers registered in Latvia will be obliged to issue e-invoices, following the EN 16931 standard, if the goods or services are supplied to a recipient in the […]

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Posted June 6, 2024 by Bradley Feimer
Eagle County and Avon, CO Exempt Period & Incontinence Products

The state of Colorado provides a sales and use tax exemption for period and incontinence products at the state level which may be adopted by state-administered locals. As such, the state-administered local of Eagle County has adopted the exemption under Resolution 2024-023, effective July 1, 2024. The Town of Avon, a self-administered local, has similarly […]

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Posted June 5, 2024 by Dilara İnal
India: Launch of E-Way Bill 2 Portal

The National Informatics Centre (NIC) launched the E-Way Bill 2 Portal on 1 June 2024. This new portal runs parallel to the main e-way bill portal, ensuring high availability and synchronization of e-way bill details within seconds. Main portal login credentials can be used on the new portal, which also provides web and API modes […]

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Posted June 4, 2024 by Marta Sowińska
Poland: JPK_VAT and KSeF Timeline Changes

The new draft regulation amending JPK_VAT with a declaration (VAT return) has been published on 31st May 2024 by the Polish Minister of Finance (MoF). The draft amends the data included in the JPK_V7M and JPK_V7K returns and provides a new timeline, as follows: 1 Feb. 2026 to 1 Jul. 2026- no obligation to include […]

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Posted June 4, 2024 by Marta Sowińska
Lithuania: B2G e-Invoicing Via SABIS

Following the implementation of the project “Modernization of the information system “E- sąskaita”, starting from 1 July 2024, the submission of the invoices to public sector entities and other contracting authorities will be moved from the E-sąskaita system to the General Information System for Account Administration (SABIS). Based on Resolution no. 405, the invoices must […]

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Posted June 4, 2024 by Bradley Feimer
Ohio 2024 Expanded Sales Tax Holiday

The Ohio Department of Taxation announced the state will have an expanded sales tax holiday from July 30 through August 8, 2024. During the holiday period, all goods that are $500 or less except for certain watercraft, motor vehicles, alcoholic beverages, tobacco, vapor products, or any item that contains marijuana will be exempt from sales […]

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Posted June 4, 2024 by Edit Buliczka
Belgium: Deadline to Declare IPT on Broker Fees Postponed Again to October 2024

The deadline for declaring the Insurance Premium Tax (“IPT”) on earnings such as commissions received by an intermediary in connection with the provision of insurance services, has once again been extended. The new deadline has been established for 20th October 2024. The previously released return template has been also revised in order to incorporate the […]

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Posted June 3, 2024 by Bradley Feimer
Minnesota Decreases E911 TAM Fees Effective July 1, 2024

Minnesota decreased their E-911/Telecommunications Access fee from $0.84 to $0.83, effective July 1, 2024. For more information please refer to the Minnesota Prepaid Wireless E911 and TAM Fees Sales Tax Fact Sheet 179.

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