Regulatory Analysis
Virginia recently enacted HB 2675 & SB 871, which extends the Virginia sales tax exemption for certain advertisers that purchase print materials in Virginia, distribute the materials outside the state, and meet other specified requirements through July 1, 2028. Previously, the exemption was set to expire July 1, 2025.
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the wave 22 of Phase 2 of the e-invoicing initiative. This wave includes taxpayers whose revenues subject to VAT exceeded SAR 1 Mn (approximately USD 266K) during 2022 or 2023 or 2024. Taxpayers within this group are expected to integrate with the system as of December 31, 2025. Phase 2 of the e-invoicing mandate […]
On March 24th, the French Senate approved a Draft Law postponing the deadlines of the French e-invoicing mandate. A Broader Impact Than Expected Contrary to initial interpretations suggesting that the amendment would only delay the requirement for medium and small businesses to issue electronic invoices, the draft Law actually postpones the e-invoicing mandate in its […]
Virginia recently enacted SB 1369 & HB 1698, which extends the Virginia sales tax exemption for prescriptions medicines purchased, administered, or dispensed by veterinarians through July 1, 2028. Previously, the exemption was set to expire July 1, 2025.
On 25 March 2025, the VAT in the Digital Age (ViDA) package was officially published in the Official Journal of the European Union amending the following legal instruments: The EU VAT Directive The Regulation on the VAT administrative cooperation The VAT Implementing Regulation concerning requirements for certain VAT schemes These amending acts will enter into […]
The Belgian Federal Public Service Finance has clarified on its website that the obligation to receive structured electronic invoices will not apply to non-established VAT-registered companies in Belgium (i.e., those without a fixed establishment). This change will impact the B2B e-invoicing mandate that will come into force on January 1, 2026, however may be subject to change […]
The Knesset (Israeli Parliament) Finance Committee has approved a series of tax measures aimed at reducing black capital, as part of the Economic Efficiency Law linked to the state budget. A key change is the proposal to lower the transaction threshold that triggers the CTC clearance obligation, which requires taxpayers to obtain an allocation number […]
On 25 March 2025, the VAT in the Digital Age (ViDA) package was officially published in the Official Journal of the European Union amending the following legal instruments: The EU VAT Directive The Regulation on the VAT administrative cooperation The VAT Implementing Regulation concerning requirements for certain VAT schemes These amending acts will enter into […]
Through the enactment of SB 942 & HB 1729, the Virginia sales tax exemption for parts, engines, and supplies used for maintaining, repairing, and reconditioning aircraft has been extended to July 1, 2030. Previously, the exemption was set to expire July 1, 2025.
The Greek authorities have published Decision 1045/2025, implementing regulations under the Greek Tax Procedure Code regarding pre-filled income tax returns. Particularly, the decision regulates the completion and submission of the Statement of Financial Data from Business Activity (Form E3) and the determination of taxable business results based on taxpayer data transmitted to the myDATA platform. […]
On 18th March 2025, the Budget Restructuring Measures Act 2025 (7/2025) was published in the Austrian Federal Law Gazette. Among other tax measures, the Insurance Tax (IPT) Act was amended. In Austria, the IPT Act includes rules for the taxation of insurance policies covering motor vehicles. The changes can be summarised as follows: a) Abolishment of […]
As of July 1, 2025, taxpayers registered with the activity 41000 (Construction of architectural works), even if it is not the main one; they must identify in the documentation of their operations linked to real estate, by means of the DGIINM Code, both the property and the type of operation referred to in the receipt. […]
The SII issued Circular No. 19 to provide more details on changes introduced by Law No. 21,713 to the Tax Code. One key change is the addition of Article 92 ter, which allows purchase and sale transactions over 135 UF (about 5,500 USD) to be made in cash, provided the payer’s identity is recorded in […]
The Greek tax authority has published Decision 1047/2025 introducing a new set of amendments to Greece’s e-transport framework by amending Decision 1123/2024. Following the recent updates carried out by Decision A.1046/2025, the new decision 1047/2025 focuses on terminology alignment, document types, field requirements, and the phased rollout of digital inventory tracking. The changes aim to […]
The UAE authorities officially open the accreditation portal for companies that wish to become e-invoice Accredited Service Providers in the country. Accredited Service providers must comply with the eligibility criteria and accreditation procedures for Service Providers under the Electronic Invoicing System, as it is established in the Ministerial Decision No. 64 of 2025. The Accreditation […]
The Ministry of Economic Affairs and Digital Transformation (Ministerio de Asuntos Económicos y Transformación Digital) has launched a second public consultation on the upcoming B2B e-invoicing mandate to improve citizens’ participation in the norm-elaboration process before its development. Based on the feedback received, the Government will develop and approve the regulatory framework that is needed according to the Law […]
The Philippines has published Joint Administrative Order (JAO) 001-2025, issued by the Committee on Pre-border Technical Verification and Cross-border Electronic Invoicing (CPTVCEI), which includes key agencies such as the Department of Finance (DOF), Bureau of Customs (BOC), and Department of Trade and Industry (DTI), among others. This order introduces the Pre-border Technical Verification (PTV) and […]
The City of Elim has completed the process to join the Alaska Remote Sellers Sales Tax Commission (ARSSTC). Sellers must begin collection on 5/1/2025 and forms for filing will be updated to include Elim on 6/1/2025.