Regulatory Analysis
The Colorado Department of Revenue recently published local jurisdiction sales and use tax changes. Such changes include rate changes, new taxing jurisdictions, and newly adopted exemptions. Several state-administered locals have opted into the state’s exemption for period products or incontinence products. All changes, as well as the Colorado exemption for period products and incontinence products, […]
On the 19 December 2022, the Agencia Estatal de Administración Tributaria (AEAT) published the new Modelo 480 for future submissions, including 2022, in the Spanish Gazette. Alongside this, an extension for the annual tax submission has been confirmed, with submissions allowed up to 31 January. This is a positive change as it allows for more […]
Starting January 1, 2023, California will impose a 988 Surcharge on telecommunications access lines and prepaid mobile telephony services. The 988 Surcharge will apply in addition to the existing 911 Surcharge. For more information, please consult this Special Notice.
Ireland’s Finance Act of 2022 introduces several important VAT changes for the new year. The Act imposes a zero-rate of VAT on newspapers, which were previously subject to a reduced rate of 9%, provided the papers are not predominantly devoted to advertising. This rate reduction includes electronic newspapers as well as physical newspapers. The Act […]
As approved by the Mozambique parliament on 30 November 2022, the standard VAT rate will be reduced from 17% to 16% with effect from 1 January 2023.
On November 10, 2022, Belgium published amendments to its reverse charge mechanism for immoveable property. Previously, the reverse charge mechanism applied only when the foreign taxable customer was identified for VAT purposes in Belgium via a fiscal representative. From 1 January 2023, when a Belgian established company performs construction supplies on immovable property, reverse charge […]
Effective 1 January 2023 and until 30 April 2023, the domestic supply of passenger transport services are temporarily zero-rated under Law No. 870/2022. The law can be found here (in Finnish).
The Parliament of Slovak Republic approved an amendment of the VAT law temporarily reducing the VAT rate on the transportation of people by ski lifts, sports facilities, swimming pools, and for restaurant and catering services. These supplies will apply a reduced VAT rate of 10% effective 1 January 2023. This is a temporary rate reduction […]
The Portuguese State Secretary of Fiscal Affairs issued Order 8/2022 XXIII which, among others things, establishes a grace period for invoice reporting obligations, as well as another postponement of the requirement of application of a qualified electronic signature or seal on electronic invoices. The Order establishes a grace period during which penalties that concern the […]
Oregon recently released its W-2 Specifications and 1099 Specifications for tax year 2022. Besides date and minor grammar changes, there were no changes to the specifications. Please see W-2 Specifications here. Please see 1099 Specifications here.
Indiana has released its SFTP Bulk Upload Guide for forms WH-1 and WH-3. Indiana recently passed legislation to transform their Bulk Filing process. Indiana is also transitioning from the old “INtax” system to a new, modernized “INTIME” Tax portal. Please note the guidance explicitly states that if you are a third-party provider, you do not […]
Indiana has published updated W2 and WH3 electronic filing requirements. There have been no changes to W2 filing specifications Indiana has made some additions to W2 and WH3 electronic filing requirements. An extension request to file for WH3 must be made by Jan 31 by submitting Form 8809. All extension requests must be made through […]
Illinois Published 2022 W-2 and W-2C Electronic Transmission Program Guide. Besides year updates and formatting changes, error code descriptions have been updated. There are no other changes. To view the specifications, click here.
Minnesota has updated Fact Sheet 19: Form 1099-B Municipal Bond Payment Reporting Information There have been instruction updates for “B” Record Position 448-487 “Payee City” and Position 488-489 “Payee State”. You can view Minnesota Fact Sheet 19 here for reference.
As of 2023, file submission by Manual Method or Simple File is only available for 1099-MISC forms. Submission by Manual Method or Simple File not available for all other 1099 forms. Last Year all 1099 forms could be submitted using Manual Method or Simple File. All 1099 forms can be submitted following 1220 format. Only […]
Minnesota has released its 2023 Employer Withholding Guide. If you employ a Minnesota resident who works outside the United States, you are required to withhold Minnesota tax on wages subject to U.S. federal income tax withholding. All wages earned by Minnesota residents (no matter where the work was physically performed, including outside of the United […]
The Ohio Department of Taxation releases electronic filing specifications for forms W-2 and 1099-R for the 2022 tax year. The due date for filing both W-2 and 1099-K has been changed from March 2, 2022 to January 31, 2023. Additionally, the threshold and limits for Social Security wage base, employer and employee tax rate for […]
Montana has recently published the 2022 Employer Withholding Guide. Montana has added a reporting requirement for Form 1042-S for Foreign Persons U.S. Based Income Subject to Withholding. The form must be filed directly with Montana if there is a withholding amount of $600 or more. It is due to Montana by January 31st. The 1042-S […]