Regulatory Analysis
The French authorities published the updated version of the ‘External specifications file for electronic invoicing’. The new specifications introduced additional mandatory e-invoicing data, new and modified cases of use, amended frequency for e-reporting, retention of invoices by the public billing portal and other new explanations as well as examples for XML files.
The Saudi Arabian Tax and Customs Authority, ZATCA, has recently changed its approach to voluntary participation in Phase 2 of e-invoicing. Previously it has not been allowed to voluntarily start the implementation of Phase 2, however, with the update of the guideline published in December 2022, taxpayers now have the option to start following Phase 2 […]
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 […]
The Greek Tax Authority (IAPR) has released an update to its MyDATA requirements with the publication of decision A. 1188/2022 on December 31, 2022. This new decision includes important changes to the transmission deadlines and sector-specific requirements for electronic data transmission to IAPR, as well as other updates to the MyDATA requirements. Here are some […]
The Saudi Arabian Tax and Customs Authority, ZATCA, has announced the second group required to comply with Phase 2 for E-invoicing. The second group of taxpayers are businesses with revenues subject to VAT which exceed half a billion riyals during 2021. The ZATCA will notify taxpayers in the group and this notification will provide taxpayers […]
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 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.
The Saudi Arabian Tax and Customs Authority, ZATCA, has launched a “Cancellation of Fines and Exemption of Penalties initiative” for fines regarding late registration in all tax systems, late payment, late filing of returns fines in all tax systems, and fines to correct VAT returns, as well as fines for violations of VAT field control […]
As previously announced, the Serbian Minister of Finance published the Draft Law on Amendments to the Law on Electronic Invoicing on the 9th of November, alongside the Draft Laws on Amendments to the Law on Value Added Tax, Law on Fiscalization, and Law on Tax Procedure and Tax Administration. The changes introduced to the Law […]
The Serbian Minister of Finance (MoF) published the draft Law on Amendments to the Law on Fiscalization. The Law of Fiscalization regulates the so called “Fiscalization”, which is the procedure of fiscalization of the content of the fiscal account through an electronic fiscal device. The amendments to the Law on Fiscalization impacting the future e-invoicing […]
On the 1st of December the Ministry of Finance published draft legislation amending the Act of 11 March 2004 on tax on goods and services (Journal of Laws of 2022, item 931, as amended) – hereinafter referred to as the “VAT Act” regarding the introduction of mandatory invoicing in the National e-Invoice System (KSeF) hereinafter […]
The SAT published the Second Anticipated Version of the Tenth Resolution of Modifications to the Miscellaneous Tax Resolution for 2022 which establishes the possibility of issuing CFDI in its version 3.3 and the CFDI that covers withholdings and payment information in its version 1.0, until March 31, 2023. The foregoing is also applicable to the […]
The Lithuanian Ministry of Economy and Innovation announced its plans to build a technological solution that will support the transmission of electronic invoices by the European standard for electronic invoices. According to the project plan announced by the Ministry, the platform is expected to be available free of charge to businesses for at least five years and be ready […]
German government has previously announced its ambition to introduce a uniform nationwide electronic reporting system that will be used for the issuance and validating of invoices as well as forwarding them to buyers. German ministry of finance announced during the IDSt-Conference Digital Transformation in VAT held on 16th of November 2022 that Germany has applied for […]
On November 9, the Serbian Ministry of Finance published a Draft Law on Amendments to the Law on Electronic Invoicing. The main changes concern: Scope: Natural persons who are not liable for income tax from self-employment in the sense of the law governing personal income tax will be excluded from the provisions of this law. […]
New Zealand is implementing changes to its GST invoicing and record keeping requirements, which are set to enter into force from April 1, 2023. These changes include: The use of tax invoices will be replaced by a more general requirement to provide and keep certain records known as taxable supply information. Terminology: […]