Regulatory Analysis


 
Posted June 22, 2022 by Bradley Feimer
Ohio Marketplace Information Disclosures for Third-Party Sellers

Effective July 6, 2022, OH SB 272, establishes mandatory disclosures by high-volume third-party sellers using online marketplaces. “High-volume third-party sellers” must disclose to a marketplace the seller’s bank account number, contact information, and tax identification number. A high-volume third-party seller is a participant on an online marketplace’s platform that is a third party seller which […]

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Posted June 22, 2022 by Kelly Muniz
Brazil: Ajuste SINIEF 13/2022 reinstates code 7.101 of the CFOP

By means of Ajuste SINIEF 13/2022, code 7.101 is added to Annex II of the Tax Code for Operations and Services – (Código Fiscal de Operações e de Prestações – CFOP), under heading “7.100 – Sales of own production or third-party products”. Code 7.101 was mistakenly suppressed by Ajuste SINIEF 3/2022. The new provision reads […]

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Posted June 17, 2022 by Enis Gencer
Greece: Periodic invoice reporting deadline extended to 30 June 2022

The Independent Authority for Public Revenue issued a decision on 15 June 2022 and extended the deadline until 30 June 2022 to transmit consolidated statements of customers and suppliers to the myDATA platform according to Law 4174/2013.

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Posted June 16, 2022 by Edit Buliczka
Hungary: Supplemental IPT Introduced Due to Ukraine Conflict

From 1 July 2022, a supplemental IPT will be introduced by the Hungarian Government. The government decree (197/2022) is an addition to the existing IPT Law (Act 102/ 2012) and was published on 4 June 2022. The supplemental IPT is an additional charge to be borne by insurers. It is paid on top of the […]

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Posted June 15, 2022 by Enis Gencer
Denmark: New accounting law introduces e-booking requirements

On 19 May 2022, the Danish Parliament passed a new accounting law that requires taxpayers to make their bookings electronically using a digital accounting system. This requirement will apply to all companies that are obliged to submit an annual report to the Danish Tax Authority and others that are not obliged to submit annual reports […]

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Posted June 15, 2022 by Selin Adler Ring
Saudi Arabia: ZATCA to Subsidize E-invoicing Solutions

In an effort to ease compliance burden on taxpayers, the Zakat (the Saudi Arabian Customs and Tax Authority, ZATCA), has announced that it will offer to subsidize e-invoicing solutions acquired by taxpayers. For this purpose, ZATCA established a new electronic service through which taxpayers may request a subsidy after providing certain details and the invoice […]

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Posted June 14, 2022 by Victor Duarte
Ecuador: New resolution establishing e-invoicing obligations to taxpayers previously out of scope

The Internal Revenue Service (SRI) issued RESOLUTION No. NAC-DGERCGC22-00000024 on May 27, 2022, establishing the obligation to issue e-invoices to taxpayers required to issue invoices but not required to issue e-invoices and the obligation for these taxpayers, qualified as agents of withholding, to issue the Simplified Transactional Annex (ATS) version of withholding documents. These taxpayers […]

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Posted June 14, 2022 by Kelly Muniz
Colombia: Draft Resolution Implements Threshold for the Issuance of Cash Register Tickets Generated through P.O.S. Systems

DIAN, the Colombian tax authority, published on 9 June 2022, a Draft Resolution for the implementation of the threshold of five (5) tax value units (UVT – unidad de valor tributario) as the maximum amount allowed for the issuance of cash register tickets generated through P.O.S. systems (tickets de máquinas registradoras con sistemas P.O.S.). When […]

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Posted June 13, 2022 by Enis Gencer
EU Council authorizes Poland to introduce mandatory e-invoicing as of January 2024

On 10 June 2022, the Council of the European Union published the Council Implementing Decision authorizing the Republic of Poland to apply a special measure derogating from Articles 218 and 232 of Directive 2006/112/EC. While it was expected that the mandatory e-invoicing would start as of 1 April 2023, the recently published decision stated that Poland requested […]

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Posted June 13, 2022 by Enis Gencer
Romania: E-Transport technical documentation has been published

The National Agency for Fiscal Administration (ANAF) published the technical documentation for the e-transport system. The technical documentation includes APIs, sample XML files, schema and validation rules. The documentation is available here.

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Posted June 10, 2022 by Victor Duarte
Ecuador: New resolution establishing e-invoicing obligations to taxpayers previously out of scope

The Internal Revenue Service (SRI) issued RESOLUTION No. NAC-DGERCGC22-00000024 on May 27, 2022, establishing the obligation to issue e-invoices to taxpayers obliged to issue invoices but not required to issue e-invoices, as well as the obligation for these taxpayers, qualified as agents of withholding, to issue the Simplified Transactional Annex (ATS) version of withholding documents. […]

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Posted June 10, 2022 by Victor Duarte
Mexico: SAT clarifies that CFDI version 3.3 and its compatible complements can be used until 31 December 2022

In line with the Tax Administration Service (SAT) announcement that CFDI version 4.0 will be mandatory from 2023, it was published the first anticipated version of the Fifth Resolution Modifying the Miscellaneous Fiscal Resolution (Resolución Miscelánea Fiscal RMF) for 2022, establishing that taxpayers required to issue CFDI may choose to issue them in version 3.3 […]

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Posted June 10, 2022 by Robert Beck
Maine Releases Updates to Tax Registration and Application Documents

Maine recently released updates to several documents for business registration and withholding. These documents include Form 941BN-ME, ME-21, the Business Change Notification; the Registration Application for Withholding and other taxes; and Form EFT, the Electronic Funds Transfer Application. Few changes were made across the three forms, none of them substantive. Most changes to the documents […]

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Posted June 10, 2022 by Jesse Rooney
IRS Releases 2022 Form 1099-INT

The IRS has revised Form 1099-INT to be a continual use form. This change will eliminate year-to-year revisions of the form, bar fundamental changes to the form or its reporting. There are no changes to the reporting obligation for the form. A number of editorial changes were made to the form and its instructions in […]

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Posted June 9, 2022 by Victor Duarte
Mexico: SAT announced that the new electronic invoice 4.0 will be mandatory from 1 January 2023

With the purpose of granting more time for taxpayers to comply with their obligations, the Tax Administration Service (SAT) announced that the new electronic invoice 4.0 will be mandatory as of January 1, 2023. The previous date was 1 July 2022, therefore, with this new deadline taxpayers will have more time to continue with their […]

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Posted June 9, 2022 by Kelly Muniz
Peru: Draft Resolution Introduces Changes to the Guía de Remisión Electrónica (E-transport Document)

The Peruvian tax authority (SUNAT) has published a draft resolution introducing changes to the guías de remisión electronica (GRE), the electronic transport document that must be issued in connection to invoices (comprobantes de pagos). The aim of this draft resolution is to further regulate the issuance of the e- transport document, introducing several changes, mainly […]

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Posted June 2, 2022 by Victor Duarte
MEXICO: SAT Released the Anticipated Versions of Resolutions Modifying the Miscellaneous Fiscal Resolution (RMF) for 2022

The SAT published the Second and Third Anticipated Versions of the Fourth Resolution Modifying the Miscellaneous Fiscal Resolution (Resolución Miscelánea Fiscal RMF) for 2022. Among the changes introduced to the RMF, the option to cancel the CFDI from fiscal years prior to fiscal year 2022 was extended until December 31, 2022. The Second Anticipated Version […]

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Posted June 2, 2022 by Victor Duarte
Hungary: Real-time reporting 3.0 – API Documentation Update Published in Test Environment

The Hungarian Tax Authority published in the test environment of the platform an update of the API documentation: Online Invoicing System 3.0 Interface Specification adding new ERROR, WARN, and INFO messages. Currently, this document is available only in Hungarian in the test environment; however, this document and its English version should be published soon in […]

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