The IRS has revised Form 1099-INT to be a continual use form. This change will eliminate year-to-year revisions of the form, bar fundamental changes to the form or its reporting. There are no changes to the reporting obligation for the form. A number of editorial changes were made to the form and its instructions in […]
With the purpose of granting more time for taxpayers to comply with their obligations, the Tax Administration Service (SAT) announced that the new electronic invoice 4.0 will be mandatory as of January 1, 2023. The previous date was 1 July 2022, therefore, with this new deadline taxpayers will have more time to continue with their […]
The Peruvian tax authority (SUNAT) has published a draft resolution introducing changes to the guías de remisión electronica (GRE), the electronic transport document that must be issued in connection to invoices (comprobantes de pagos). The aim of this draft resolution is to further regulate the issuance of the e- transport document, introducing several changes, mainly […]
The SAT published the Second and Third Anticipated Versions of the Fourth Resolution Modifying the Miscellaneous Fiscal Resolution (Resolución Miscelánea Fiscal RMF) for 2022. Among the changes introduced to the RMF, the option to cancel the CFDI from fiscal years prior to fiscal year 2022 was extended until December 31, 2022. The Second Anticipated Version […]
The Hungarian Tax Authority published in the test environment of the platform an update of the API documentation: Online Invoicing System 3.0 Interface Specification adding new ERROR, WARN, and INFO messages. Currently, this document is available only in Hungarian in the test environment; however, this document and its English version should be published soon in […]
A new version of the catalogs for the CFDI 3.3 and 4.0 has been released by the SAT. The updated version of these catalogs is available at the following links: Catalog for CFDI 3.3 Catalog for CFDI 4.0
On May 30, 2022, Maryland House Bill 305 (MD HB 305) was enacted into law. It becomes effective on October 1, 2022. The bill makes changes to Maryland’s law by adopting “lack of valid address” as the trigger for dormancy for both banking and securities-related property.
According to Peruvian legislation (Resolución de Superintendencia n. 128-2021/Sunat), 1 June 2022 is the final deadline for the inclusion of the last group of taxpayers in the country’s e-invoicing system (Sistema de Emisión Electrónica). On 1 April 2022, B2B electronic invoicing became mandatory for the small taxpayers with annual revenue below 23 UIT (Unidad Impositiva […]
The States Revenue Offices and Special Secretariat of the Federal Revenue Office in Brazil (Secretarias Estaduais de Fazenda e a Secretaria Especial da Receita Federal do Brasil) inform that the CFOP code 7.101 was mistakenly suppressed by Ajuste SINIEF 03/22. Thus, it is clarified that, in the issuance of the NF-e, the CFOP field for […]
Saudi Arabia’s e-invoicing system is being rolled out in two phases; the requirements of the second phase differ from the first phase. The first phase started on 4 December 2021 for all resident taxable persons. The second phase will go live on 1 January 2023, and the authorities have not yet announced which taxpayers will […]
The Secretary of the Treasury of Puerto Rico announced in a press release dated May 25, 2022, that the dates of the newly enacted hurricane preparedness sales tax holiday will be moved to give businesses more time to comply. The holiday that was originally scheduled for May 27-29, 2022, will now take place June 17-19, […]
Portuguese authorities have announced another delay to its expected new e-invoicing requirements, by issuing a Ministerial Order that prolongs the validity of PDF invoices for all tax purposes. This is not the first time the entry into force has been delayed, but this time the entry into force has been postponed from 1 July 2022 […]
The SAT has released an update of the catalogs and the schema of the catalogs for the Complemento Carta Porte 2.0. The scheme of the catalogs is available at the following link: http://www.sat.gob.mx/sitio_internet/cfd/catalogos/CartaPorte/catCartaPorte.xsd The catalogs for the Complemento Carta Porte 2.0 are available at the following link: http://omawww.sat.gob.mx/tramitesyservicios/Paginas/documentos/CatalogosCartaPorte20.xls
From 12 September 2022, the GTIN (Global Trade Item Number, formerly called EAN code) will be validated by the NF-e and NFC-e authorization systems. The NF-e and NFC-e that cover products with a GTIN must have the information corresponding to this code validated with the GTIN Centralized Registry (Cadastro centralizado de GTIN – CCG), in […]
A new version of the catalogs for the CFDI Version 3.3 and version 4.0 of the CFDI has been released by the SAT. 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_17052022.xls Catalog for CFDI 4.0: http://omawww.sat.gob.mx/tramitesyservicios/Paginas/documentos/catCFDI_V_4_17052022.xls
The Draft Law on the approval of the Government Emergency Ordinance no. 120/2021 on the administration, operation, and implementation of the national e-invoicing system was enacted and published in the official gazette on 17 May 2022. According to the law; B2G e-invoicing will become mandatory as of 1 July 2022. Since November 2021, the RO E-Factura system […]
Normative Instruction (Instrução Normativa) n. 2082 of 18 May 2022, extends the deadlines for transmission of Digital Accounting Bookkeeping (Escrituração Contábil Digital) and Fiscal Accounting Bookkeeping (Escrituração Contábil Fiscal) for the 2021 calendar year. Transmission of the ECD is postponed until the last business day of June 2022. Transmission of the ECF is postponed until […]
On 22/05/22, a scheduled stop for the maintenance of the SVRS authorization environment of Fiscal Electronic Documents will be carried out, starting at 5 am, with a duration of up to 3 hours. During this time, the Virtual Sefaz Contingency of the National Environment (Sefaz Virtual de Contingência do Ambiente Nacional) will be activated, for […]