Regulatory Analysis
Pursuant to Decree Law 15/2022, the zero-rate VAT rate that temporarily applied to supplies of face masks and gloves in the Canary Islands is extended until June 30, 2023. The decree can be found here (in Spanish).
From 1 January 2023, changes have been made to how the Financial Ombudsman and its office are financed. The Ombudsman Act (2015/1348) was revised by the Act of 2022/2640, which also abolished prior regulations. The new rules don’t specify advance payments, and both filing and payment are annual. The annual fee is based on the […]
Effective 1 January 2023, Ghana has removed the VAT exemption from imported textbooks, imported newspapers, architectural plans and similar plans, drawings, scientific and technical works, periodicals, magazines, trade catalogues, price lists, greeting cards, almanacs, calendars, diaries and stationery and other printed matter. The Value Added Tax Amendment Act, 2022 can be found here.
China announced the 3% VAT rate normally applied for small-scale VAT taxpayers will be reduced to 1% from January 1, 2023 to December 31, 2023. This rate reduction is in addition to the announcement of the exemption for taxpayers with a monthly turnover of less than 100,000 yuan which was previously reported on by Sovos. […]
MEXICO: On December 27, 2022, SAT published the Miscelanea Fiscal 2023, that sets outs rules in CFDIS, granting a grace period for the issuing of the following documents: CFDI in V.3.3 Withholdings and payment supplement V.1.0 Payments for the concepts referred to in Title IV, Chapter I of the ISR Law and who are obliged […]
1/16/2023 South Dakota Senate Bill 30, introduced in the 2023 legislative session, proposes to revise the criteria for remote sellers who must remit sales tax by removing the 200 transaction threshold for sales of tangible personal property or services delivered in the state. With this change, remote sellers with gross sales into South Dakota exceeding […]
1/16/2023 Maryland House Bill 67 proposes to temporarily reduce the state sales and use tax rate by 1% for 12 months, if on or before June 1st each year the Comptroller determines that the inflation rate is at least 6%. Introduced in the January 2023 legislative session and as currently drafted, the bill would take […]
The National Tax Administration Superintendence has published an update of the validation rules CPEv20221111 for electronic payment receipts.
1/16/2023 The Electronic Products Recycling Association (EPRA) recently announced that several provinces will be updating their environmental handling fees on e-waste products effective February 1, 2023. These provinces include British Columbia, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland & Labrador. There are a wide variety of products affected, such as […]
The Superintendence of Tax Administration of the Government of Guatemala published Resolution Number SAT-DSI-1350-2022, through which informs that no later than March 31, 2023, all legal entities and individuals that are registered in the Small Taxpayers Regime must start issuing their DTE (Electronic Tax Documents) and must apply the provisions established for that regime. It […]
On January 9, 2023 China announced an extension to the small business exemption from VAT. From January 1, 2023 to December 31, 2023, small-scale VAT taxpayers with monthly sales of less than 100,000 yuan (including the amount) will be exempted from VAT. The announcement can be found here. Please note that the exemption for small-scale […]
1/13/23 The Massachusetts Supreme Judicial Court recently held that the use of cookies, apps, and content distribution networks does not constitute in-state physical presence for the purpose of holding an online retail liable for sales and use tax. To read the opinion click here.
The State of Colorado has released its Wage Withholding Tax Guide as of December 2022. The publication contains guidance for state wage withholdings and W-2 reporting to the Colorado Department of Revenue. There are minor changes to the 2022 Wage Withholding Guide including minor grammatical fixes, an update to the publication year and interest rate […]
The State of Michigan Form 447 – Transmittal for Magnetic Media Reporting of W-2s, W-2Gs and 1099s remains unchanged for Tax Year 2022. Form 447 contains information regarding requirements for electronic and magnetic reporting for W-2 and 1099 transmittals. The Michigan Department of Treasury, Technical Section has confirmed there will be no new specifications released […]
The Massachusetts Department of Revenue has released the 1099-HC form for Tax Year 2022. The 1099-HC form is required for reporting the Massachusetts health care coverage per the state’s reporting requirement and individual mandate. There have been no changes to the form from tax year 2021. To view the 2022 1099-HC, please click here.
The Rhode Island W‐2 electronic filing specifications remain unchanged for Tax Year 2022. The Rhode Island Division of Taxation has confirmed there will be no changes to W-2 electronic filing requirements for Tax Year 2022. The current publication for W-2 filing requirements was last revised in February 2018. To view the current W‐2 electronic filing […]
California has released its 1099 electronic filing specifications via a webpage on the Franchise Tax Board Website. California’s 1099 electronic filing specifications follow the IRS’s Publication 1220 electronic filing format. There are no state-specific changes for filing with California. To view California’s 1099 electronic filing specifications, please click here.
Delaware has updated its W-2 and 1099 filing requirements for Tax Year 2022. Delaware follows EFW2 and Publication 1220 formats for electronic filing specifications for W2 & 1099 reporting. But for 1099 corrections submissions, the 1220 format specifications are not supported. Also, reconciliation form W-3 has been replaced by form WTH-REC. Bulk Submitters must submit […]