Regulatory Analysis
On the 30th of August, the Ministry of Finance published a draft legislation amending the Regulation on the use of the National e-Invoice System (“KSeF”). The purpose of the draft amendment is to adapt KSeF’s terms of use to the specific conditions that apply to the local government units and the VAT groups, that will […]
A new version of the catalogs for the CFDI 3.3 and 4.0 has been released by the SAT. The new catalog version updates the sub-catalogs c_NumPedimentoAduana and the sub-catalog c_PatenteAduanal. The updated version of these catalogs is available at the following links: Catalog for CFDI 3.3: http://omawww.sat.gob.mx/tramitesyservicios/Paginas/documentos/catCFDI_V_33_24082022.xls Catalog for CFDI 4.0: http://omawww.sat.gob.mx/tramitesyservicios/Paginas/documentos/catCFDI_V_4_24082022.xls
The Tax Authority in the country published an XSD update for the following documents: e-CF 31 v1.6 (Factura de Crédito Fiscal Electrónica) e-CF 32 v1.6 (Factura de Consumo Electrónica) e-CF 33 v1.6 (Nota de Débito Electrónica) e-CF 34 v1.6 (Nota de Crédito Electrónica) e-CF 41 v1.6 (Comprobante Electrónico de Compras) e-CF 43 v1.6 (Comprobante Electrónico […]
The Ketchikan City Council recently approved ordinance No. 22-1949. The ordinance establishes a seasonal tax rate of 5.5%, from April 1 through September 30, on all retail sales, services, and rents subject to sales tax. Additionally, it lowers the tax rate to 3% for the period of October 1 through March 31. The rate changes […]
The SAT announced that taxpayers will have more time to compliantly issue the Complemento Carta Porte used for the transportation of goods. Therefore, the grace period in which no sanctions will be imposed if the Carta Porte does not meet all requirements was extended until 31 December 2022. Before this announcement, the grace period was […]
DIAN (Colombian tax authority) has published draft Resolution 000000 of 19-08-2022 proposing important changes to the country’s e-invoicing system. The main purpose of this draft is to regulate the electronic issuance of the equivalent documents (documentos equivalentes) and establish a calendar for its gradual implementation, starting 1 March 2023. This means that all taxpayers subject […]
The State of Colorado recently approved HB 1055. This bill exempts “period products”, diapers and incontinence products from sales and use tax effective January 1, 2023. For the purposes of the new exemption, “incontinence products and diapers” means absorbent cloth or disposable products worn by humans and “period products” means consumer products used to manage […]
The Dirección General de Impuestos Internos (DGII) published a new “Informe Técnico” for the CF-e. Among the changes, the new document updates the examples used for the calculation of the additional tax for the codes and updates the limit of the lines in the CF-e with a maximum of 1,000 lines, which before was only […]
Texas Tax Rule 3.334 modified to the definition of “place of business” as it applies to local sales and use tax sourcing. It would have required that sales personnel be present at a location for it to be considered a “place of business” for sales tax purposes. If the location only housed a computer server, […]
Virginia recently passed House Bill 90 which will exempt food purchased for human consumption and essential personal hygiene products beginning January 1, 2023. Food purchased for human consumption does not include alcohol, seeds and plants which produce food, or food sold by any retail establishment where the gross receipts derived from the sale of prepared […]
Nebraska recently updated its State Taxability Matrix with the Streamlined Sales Tax Governing Board to include a broader range of items which are considered exempt “home medical supplies.” Home medical supplies are defined as “supplies primarily and customarily used to serve a medical purpose which are appropriate for use in the home and are generally […]
The IRS recently released a revision to Publication 1586, Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs. There were minor grammar and punctuation changes as well as updates to revision date and years. Additionally, the following notable changes were made: · Penalty rate tables updated to reflect new rates, including annual inflation adjustments […]
Publication 1179 was updated for 2022. Publication 1179 is the general rules and specifications for substitute Forms 1096-1098-1099, 5498, and certain other information returns. In addition to updates in year, bulletin number, and slight wording changes, the Publication also incorporates changes made to individual forms for 2022. There were no substantial updates to the publication […]
The Uruguayan tax authority (DGI) has published new technical documentation regarding version 23.2 of the Formato Comprobantes Fiscales Electrónicos – CFE (electronic invoice) document. In this new version, the text of the validation of indicator 16 for elements B-C4 and D-C7 are modified. The new document version is available for download at: https://www.efactura.dgi.gub.uy/files/formato_cfe_v23_2-pdf?es
A new version of the catalogs for the CFDI 3.3 and 4.0 has been released by the Mexican tax authority (SAT), on Aug 10, 2022. The new catalog version updates sub catalog c_NumPedimentoAduana for which 1 record is added, and is highlighted in yellow in the files for quick identification. No modification was made to […]
North Carolina recently released a notice which details a temporary reduction in the penalties for late tax payments to the state. According to the notice which was officially released June 30, 2022, the 2021 General Assembly enacted legislation to change the calculation of the penalty from the flat rate of ten percent (10%) to a […]
Effective October 1, 2022, Denver, Colorado ordinance 22-0577 provides an exemption for incontinence products and diapers from sales and use tax. The ordinance defines, “incontinence products and diapers” to mean an adsorbent cloth or disposable product worn by humans. Further legislative details may be found here.
On August 5, 2022, Indiana Governor Holcomb signed Senate Bill 2 providing upon passage an exemption for children’s diapers from the state’s gross receipts tax. “Children’s Diapers” is defined as disposable or reusable diapers marketed to be worn by children. Further information concerning the bill can be found here.