Regulatory Analysis

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Posted September 24, 2021 by Paul Ogawa
Wisconsin Publishes Updated Guide to Wage Statements and Information Returns

The Wisconsin Department of Revenue recently published an updated version of Publication 117, Guide to Wisconsin Wage Statements and Information Returns. This publication provides guidance and instructions for filing W-2 and 1099 returns with the Department of Revenue. There were a few updates to the publication, which are as follows: The applicable years in the […]

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Posted September 24, 2021 by Paul Ogawa
Indiana Publishes Updated Electronic Filing Specifications for 1099 and W-2G Reports

The Indiana Department of Revenue recently published an updated version of their W-2G and 1099 Filing Requirements. This publication provides instructions and electronic filing specifications for information return reporting, specifically 1099 and W-2G records. There are two significant changes to the most recent version of this publication, which are as follows: The “B” records have […]

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Posted September 24, 2021 by Robert Beck
South Carolina Announces Interest Rate Remains Unchanged for Q4 2021

South Carolina recently released Information Letter #21-23, which gives the interest rates for over and underpayment of tax for the state. For Q4 of 2021, the interest rate remains unchanged at 3% for both over and underpayment of tax. The rate has been set at 3% since July 1 of 2020. To view the interest […]

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Posted September 24, 2021 by Robert Beck
New Mexico Interest Rate Unchanged For Fourth Quarter of 2021

New Mexico recently released an update to its 400.04 Bulletin which contains the Effective Interest Rates for Late Payment of Tax Due. The interest rate will remain at 3% for the 4th Quarter of 2021. The rate has been at 3% since July 1, 2020. To view the complete bulletin, click here.  

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Posted September 20, 2021 by Paul Ogawa
Hawaii Publishes Updated Employer’s Tax Guide

The Hawaii Department of Taxation recently published an updated version of Booklet A, Employer’s Tax Guide. This publication provides guidance, filing instructions, and filing requirements for withholding tax reporting and payment obligations in Hawaii. There were several updates to the publication that will bear an effect on taxpayers with reporting and payment obligations in Hawaii, […]

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Posted September 20, 2021 by Paul Ogawa
Hawaii Publishes Updated Instructions for Forms HW-14 and HW-30

The Hawaii Department of Taxation recently published an updated version of the instructions for submitting Forms HW-14 (Withholding Tax Return) and HW-30 (Employer’s Annual Transmittal of Income Tax Withheld from Wages). These instructions provide relevant information and guidance for withholding tax generally, and these forms specifically. These instructions were updated with new information regarding filing […]

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Posted September 16, 2021 by Filippa Jörnstedt
France postpones roll-out of mandatory B2B e-invoicing reform

The French Council of Ministers announced on September 15 the decision to implement a country-wide e-invoicing and e-reporting obligation according to a revised calendar: from July 1st, 2024, all companies headquartered or established in France will have to accept e-invoices from their suppliers. at the same date, issuing e-invoicing in lieu of paper will become […]

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Posted September 14, 2021 by Filippa Jörnstedt
Greek myDATA mandate postponed until January 2022

The Greek myDATA mandate has been postponed once again, this time to January 2022. Until that date the framework remains voluntary. This deferral does not change the date of mandatory POS reporting requirement, which must still be completed by November 2021.

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Posted September 13, 2021 by Paul Ogawa
Virginia Publishes Updated Interest Rates for Q4 2021

The Virginia Department of Taxation recently published Tax Bulletin 21-8, which provides information on interest rates applicable to withholding tax underpayments and overpayments for the fourth quarter of 2021. Virginia Code Section 58.1-15 provides that the applicable rates for both underpayments and overpayments will be 2% higher than the federal rates for the same payment […]

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Posted September 7, 2021 by Erik Wallin
Planned October Sourcing Change in Texas Enjoined by Local Court

Texas Tax Rule 3.334 was recently modified to clarify the definition of a “place of business” as it applies to local sales and use tax sourcing. It now clearly specifies that sales personnel must be present for a location to be considered a “place of business” and that a “place of business” does not include […]

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Posted August 31, 2021 by Joanna Hysi
Poland publishes further documentation on its planned CTC reform

The Polish authorities continue to make progress on its proposed CTC e-invoicing reform, most recently with new documentation. Technical documentation and draft invoice schemas, in Polish and English, for the Polish Krajowy System e-Faktur (KSeF) have recently been published. They are made available here: https://www.gov.pl/web/kas/krajowy-system-e-faktur. In addition, changes to the draft legislation are introduced which […]

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Posted August 31, 2021 by Joanna Hysi
Romania plans to introduce a B2B e-invoicing system

The Romanian tax administration has announced its plans to introduce a B2B e-invoicing system in the near future. The system is expected to become functional in January 2022, although this date is subject to official announcement. The intention is to work closely with industry stakeholders to develop the e-invoicing platform and eventually make a CTC […]

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Posted August 31, 2021 by Robert Beck
IRS Releases 2021 Revision of Publication 1179

The IRS released its 2021 revision of Publication 1179, the General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns. The update has a revision date of June 28, 2021. For the most part, only minor changes have been made to the information contained within the publication. The most […]

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Posted August 31, 2021 by Robert Beck
Kansas Releases Update to Withholding Tax Guide for 2021

Kansas recently released an update to its Withholding tax guide, Publication KW-100. Though minor updates have been made, this appears to be the first full revision since 2017. Throughout the document, references to 2017 have been updated to 2021, and several minor grammatical and formatting changes have been made. Additionally, the tables have been updated […]

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Posted August 31, 2021 by Robert Beck
Oklahoma Releases Updated WTR-10002 for 2021

Oklahoma recently released an update to it’s WTR 10002, the Nonresident Royalty Withholding Tax Return. Aside from updating the revision date to 6/2021, there were several formatting and font changes to the form itself which will not affect reporting. The only notable changes to the form are found in the on-form instructions. The instructions for […]

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Posted August 31, 2021 by Robert Beck
New York Releases Updated Form IT-2104 – Employee’s Withholding Allowance Certificate

New York recently released an update to its 2021 Form IT-2104, the Employee’s Withholding Allowance Certificate. The IT-2104 is used for claiming withholding allowances for New York State, New York City, and Yonkers. No changes were made to the form itself, but a couple of notable changes and additions have been made to the on-form […]

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Posted August 31, 2021 by Robert Beck
New Mexico Updates FYI 104

New Mexico recently released an update to it’s FYI 104 Publication which is the Withholding Tax general instructions document. The revision is noted as July of 2021 and many of the updates come from the development of new forms. The most important changes are detailed below. • Under the Notes for Who Must Withhold, a […]

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Posted August 31, 2021 by Victor Duarte
Spain – Draft law introducing mandatory B2B e-invoicing

Spain’s Ministry of Economic Affairs and Digital Transformation has published a draft law for the creation and growth of companies in the country that includes the introduction of mandatory B2B e-invoicing obligations for all companies and freelancers. More information can be found in our blog.

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