Regulatory Analysis

The IRS recently released its 2020 Publication 1586 which details reasonable cause regulations and requirements for missing and incorrect Name/TINs. Several changes were made to the document for this tax year, the most notable of which are detailed below. Under the Reasonable Cause section, language has been added stating, “mitigating factors or events beyond the filer’s control […]

Portugal has just passed Law-Decree 48/2020, which revokes some obligations that were established in 2019 during the mini e-invoicing reform. Among the obligations stipulated by last year’s Law-Decree 28/2019, taxable persons were to communicate a set of information to the tax authority, including the identification and localization of the company’s establishments that were issuing invoices, […]

The Puerto Rico Treasury (Hacienda) released Administrative Determination 20-19 allowing certain businesses to report and pay sales tax, using the cash method. Specifically, those taxpayers with 80% or more of annual revenue stemming from construction activities (as measured over the last 3 years) will now be able to report and remit sales tax based on […]

The Louisiana Department of Revenue recently issued a notice regarding the application of new economic nexus rules to Direct Wine Shippers. Under the state’s existing direct shipping laws, any licensed winery, wholesaler, or retailer shipping wine into the state is required to collect and remit only the state tax. However, now any Direct Wine Shipper […]

There have been regulatory changes related to the Indian e-invoicing system. The Central Board of Indirect Taxes and Customs (CBIC) issued two new Notifications on 30 July 2020: One of the Notifications is related to the technical aspect of the reform, and the second is related to the taxpayer scope of the mandate. After this […]

The Mexican Tax Administration (SAT) has included a new provision in the Second Modification of the Miscellaneous Fiscal Resolution to postpone until December 31, 2020 the permission given to sellers of fuels to issue global electronic invoices (CFDIs) for their sales of fuels subject to volumetric controls. This permission was originally supposed to expire on July […]

The Uruguayan tax administration (DGI) issued a new resolution (Resolution 1184/2020) to facilitate the registration of new taxpayers in the electronic invoicing system of the country. The new resolution also revokes the requirement to issue printed fiscal documents (transportation authorizations, invoices or tickets) in cases where the purchaser is registered as an electronic issuer of […]

The Minister of Finance of Costa Rica has announced that the implementation of VAT on supplies of digital services by foreign providers, which was scheduled to be effective on August 1, 2020, will be postponed until September 15 of this year. According to the Ministry, the change is being made in order to give enough time […]

The tax administration of Uruguay (DGI) has announced several changes to the electronic invoicing system of the country, by releasing a new version of the technical documentation required to comply with that mandate. These new changes include the modification of existing fields and new fields that will be required for validation of the electronic invoices […]

Foreign suppliers of digital services to customers located in Mexico are required by law to register at the tax administration of Mexico (SAT), charge VAT for the services that they provide to final consumers and issue the corresponding invoice to their customers. Taxpayers that do not comply with this mandate may be subject to sanctions […]

The Greek parliament has adopted legislation (Law 4701/2020) which provides a number of incentives to businesses who decide to use e-invoicing through a service provider during the tax years of 2020-2022. These incentives for example include a reduction of the statute of limitation for fiscal matters by 2 years, and a depreciation of twice the […]

The IRS recently released an updated version of Publication 1179 for tax year 2020. Publication 1179 provides general rules and specifications for printed substitute forms including Forms 1096, 1098, 1099, 5498, and certain other information returns. The highlight of the changes to this publication involve the addition of Form 1099-NEC, which was resurrected for reporting […]

Foreign suppliers of digital services to customers located in Mexico are required by law to register at the tax administration of Mexico (SAT), charge VAT for the services that they provide to final consumers and issue the corresponding invoice to their customers. Taxpayers that do not comply with this mandate may be subject to sanctions […]

The Immediate Supply of Information (SII) version 1.1 has been updated to version 1.1-Bis. The changes will be effective from January 1, 2021. The Spanish tax administration, the AEAT, has introduced new fields required for sales under the consignment of goods regime. The ledger of invoices issued, and the ledger of invoices received are also affected […]

The IRS recently published Notice 2020-54, which details guidance for reporting qualified sick leave and family leave wages paid to employees under the Families First Coronavirus Response Act (“FFCRA”). The FFCRA and the ensuing reporting guidance applies to employers with fewer than 500 employees who provide paid leave due to circumstances related to COVID-19. Further, […]

Colorado is in the process of developing a new system to manage the collection of state sales tax, local tax in all state-administered localities, as well as local tax in select home rule cities. The new system, which is supported by a company called Munirevs, has yet to be publicly released. However, it promises to […]

In a recent note disseminated by the Utah State Tax Commission, they announced effective for returns due October 31, 2020 or later, electronic filing will be required. This applies to all sales tax returns, schedules, and related filings including monthly returns and quarterly/annual returns due after October 31. Returns can continue to be filed electronically […]

The Chilean tax administration (SII) issued a new Resolution 74/2020 that regulates the issuance and delivery of electronic receipts, locally known as Boletas Electronicas. This regulation expands the mandate to issue electronic tickets in two phases: 1) September 1, 2020 for taxpayers that already are mandated to issue electronic invoices in Chile, and 2) March […]