Regulatory Analysis
Ajuste Sinief 14/2023 has been published postponing mandatory implementation of the NF3e (electric energy e-invoice) in the states of Espírito Santo and Santa Catarina. The current implementation calendar is as follows: 1 June 2022: Mato Grosso 1 October 2022: Alagoas, Amapá, Amazonas, Bahia, Maranhão, Mato Grosso do Sul, Pará, Paraíba, Pernambuco, Piauí, Rio de Janeiro, […]
On 23 March 2023, the tax authorities published the working version of the schema FA (2). The next steps following the publication of the schema are: The final schema FA(2) will be published on ePUAP in June 2023. The test environment adapted to the schema FA(2) and documentation will be available in July 2023. The […]
On May 15, 2023, Puerto Rico’s Hacienda Department released Administrative Determination No. 23-02. The circular specifies the hurricane preparedness sales tax free period will take place on May 26-28, 2023. The circular also reiterates that products such as batteries, water, non-perishable food, storm preparedness supplies, and certain emergency equipment or supplies are included in the […]
The Saudi Arabian Tax and Customs Authority (ZATCA) decided to suspend the implementation of e-invoicing for the supplies of eligible used cars until a future date to be announced. ZATCA announced the activation of Article 48 of the VAT Regulation and the implementation of the profit margin scheme for eligible used cars starting from 1 […]
The Inland Revenue Board of Malaysia published a press release on 22 May 2023 and announced the implementation timeline of the upcoming e-invoicing mandate. As per the announcement, the mandate will be rolled-out in a phased manner according to the following timeline: Pilot project launch: In January 2024, a pilot project will be initiated for selected businesses. Additionally, […]
On May 1st, 2023 SUNAT published Resolution 097/2023 that establishes the procedure for returning the General sales Tax (IGV) to tourists, indicates the date of operation of the first authorized checkpoint and regulates other provisions. This resolution establishes that the authorized checkpoint of the international air terminal is located in the pre-boarding control area of […]
The Saudi Arabian Tax and Customs Authority (ZATCA), published updated technical documents for the e-invoicing system on 19 May 2023, after the public consultation process which took place in April 2023. Implementation Resolution of the E-invoicing Regulation, Security Features Implementation Standards and Electronic Invoice XML Implementation Standard to aforementioned resolution, and E-invoice Data Dictionary are […]
In a recent Press Conference held by the Council of Ministers of the Portuguese government it was announced that a new law-decree for the execution of the state budget for 2023 was approved. One of the many changes announced is another extension of the mandatory B2G e-invoicing deadline for micro, small and medium-sized companies allowing […]
The Indian Ministry of Finance issued Notification No. 10/2023 on 10 May 2023 whereby it reduced the threshold limit for complying with the GST e-invoicing system. As of 1 August 2023, taxpayers with at least Rs 5 Crores turnover [approx. USD 600,000] must generate e-invoices according to the e-invoicing system. The GST e-invoicing system in […]
On the 9th of May, the government in Poland adopted a draft law introducing mandatory e-invoicing via KSeF, which is going to take effect from 1 July 2024. Now the draft law has to be approved by Parliament, and the next session is planned for the end of May. The adoption of this piece of […]
5/8/2023 Under Virginia’s 2022 Appropriation Act, the state’s sales tax holiday expires on July 1, 2023. Previously, the sales tax holiday occurred in August and covered items such as hurricane preparedness products, back-to-school items, and Energy Star and Water Sense products. Further information concerning the expiring holiday may be found here.
5/8/2023 Section 6 of Colorado SB 143, effective May 4, 2023, amended the Colorado Retail Delivery Fee so that a “qualified business”, a business with $500,000 or less retail sales in the prior year, may be exempt from the fee. Additionally, the legislation permits a retailer to pay the retail delivery fee on behalf of […]
The recently introduced 7-days time limit for sending e-invoices to the Invoice Registration Portal (IRP) has been deferred for three months. The time limit was issued by the Goods and Services Network (GSTN) to be originally effective as of 1 May 2023. According to advisory decision, taxpayers with an annual turnover of at least Rs […]
The applications for registering as a partner dematerialization platform (PDP), a registered and authorized service platform, are open as of 2 May 2023. Under the new French e-invoicing mandate, taxpayers will be able to use the public billing portal (PPF) or PDPs for issuing e-invoices and e-reporting. For further information on PDPs, you can visit […]
Date Posted: 4/28/2023 Michigan recently enacted Public Acts 20 and 21 of 2023 which exempt separately stated delivery and installation charges. The effective date of this change is April 26, 2023. Previously, such charges were taxable as part of the sales price. The full text of the bill can be found here.
5/2/2023 Effective April 28, 2023, Colorado HB 1101 authorizes a Regional Transportation Authority (RTA) to impose a maximum tax rate of 2%. This is an increase in the previous maximum rate by 1%. RTA locations may subject transactions within its locality to sales or use tax, if such transactions are subject to taxation at the […]
4/28/2023 Michigan’s HB 4833, which recently took effect, applies a 2% tax on qualified heavy equipment by qualified renters. This new tax only applies to rentals of certain qualified heavy equipment by renters that derive more than 50% of their annual gross receipts from such rentals. The full text of the bill can be found […]
The Superintendency of Tax Administration (SAT) published on March 31, 2023, the resolution SAT-DSI-400-2023 in which it extends the term of incorporation into the Electronic Invoicing Regime (FEL) to individuals and legal entities that are registered in the Small Taxpayer Regime, who must start with the issuance of their Electronic Tax Documents (DTE) no later […]