Regulatory Analysis
The Connecticut Department of Revenue Services has published a new version of Form REG-1, Business Taxes Registration Application. This form should be completed by any business registering for Connecticut taxes, including income tax withholding. There have been no changes to this form compared to its previous version from June 2018. However, filers should use this version […]
The Louisiana Department of Revenue has released its Fourth Quarter Employer’s Return of Louisiana Withholding Tax Form L1, for the months of October, November, and December, which is due to the Department by January 31, 2019. Every employer who is required to withhold Louisiana state income tax is required to file this return on a quarterly basis, […]
The North Carolina Department of Revenue has published its annual revision of Publication NC-30, 2019 Income Tax Withholding Tables and Instructions for Employers. There are several changes of which filers and taxpayers should take note: The individual tax rate has been decreased to 5.25% The definition of “wages” has changed, effective June 12, 2018, to align […]
On November 1, 2018, Decree 119/2018/ND-CP took effect in Vietnam. Pursuant to this decree some businesses may be required to switch to e-invoicing upon notification by the tax authorities. However, e-invoicing will not be mandatory until November 1, 2020.
On November 15, 2018, Arkansas House Bill 1002 was filed and introduced in the Arkansas legislature. This bill if passed will require certain out-of-state sellers to collect and remit Arkansas sales and use tax. The bill imposes a threshold similar to many other states throughout the country, which obligates remote sellers who sell either $100,000 […]
The Colorado Department of Revenue has updated their guidance for out-of-state retailers regarding the new destination sourcing regulations that will go into effect on December 1, 2018. The Department of Revenue is offering a grace period to out-of-state retailers through March 31, 2019 to comply with the new destination sourcing rules. Previously, this grace period […]
In reaction to the U.S. Supreme Court’s decision in South Dakota v. Wayfair, the District of Columbia (D.C.) has introduced legislation that would expand the district’s sales tax collection requirements to retailers without a physical presence in the district. Bill 22-914, the “Internet Sales Tax Amendment Act of 2018,” would require remote sellers to collect […]
The Connecticut Department of Revenue Services has published IP 2018(13), Form W-2 Electronic Filing Requirements for Tax Year 2018. While the file specifications have not changed, filers should take note that the new web address for filing through the Taxpayer Service Center (TSC) is portal.CT.gov/TSC.
From November 15, 2018, through January 15, 2019, New Jersey is offering taxpayers the opportunity to clear their tax debts. For taxpayers who choose to file and pay the taxes owed, the state will waive most penalties and reduce interest. Taxpayers will only pay the amount of tax owed and one-half of the balance of […]
Vermont has recently released specifications for the electronic reporting of 1099s and W-2s for tax year 2018. The 1099 specifications match those published by the IRS. The published W-2 specifications remain the same from those for tax year 2017. Note, however, that the W-2 specifications are titled “2018 Vermont Specifications for Electronic W-2 (EFW-2) Filing,” […]
On October 26, the Polish Council of Ministers confirmed that it will introduce a new SAF-T scheme (JPK_VDEK) aimed at replacing the VAT-7 and VAT-7K declarations. The draft legislation will become available during the fourth quarter of 2018. If enacted, taxpayers will submit only one document, the JPK_VDEK file, without additional attachments. The Ministry of Finance […]
On November 6, 2018, the European Economic and Financial Affairs Council announced the adoption of a Council Directive which allows EU Member States to align their VAT rules for physical and electronic publications. Electronic publications are currently taxed at the standard VAT rate, while physical publications may be subject to reduced rates. With the adoption […]
Australian Treasurer, Josh Frydenburg, has announced that the Australian Government is taking steps towards removing the 10% GST that is imposed on feminine hygiene products in Australia. Frydenburg stated last week that it was the intent of the legislature to have an exemption in place by January 1, 2019 for these products. This announcement comes ahead […]
The Polish Insurance Ombudsman has suspended the Q4 2018 declaration and payment of the levy, citing article §17.5 of the Regulation of the Minister of Development and Finance. This permits the suspension of the Levy where the Ombudsman’s funding needs have been fully satisfied. The Q4 declaration would normally require the declaration of premiums collected […]
The Wyoming Department of Revenue has updated a bulletin clarifying that out-of-state retailers that make more than $100,000 of gross sales into Wyoming or engage in 200 or more separate transactions annually will be required to collect and remit sales and use taxes on all sales made on and after February 1, 2019 that are […]
The State of South Dakota has entered into a settlement agreement with the companies of Wayfair, Overstock, and Newegg. The settlement effectively ends the litigation between the state and the three online retailers that refused to comply with South Dakota’s remote seller law. In 2016, the South Dakota state legislature passed legislation requiring out-of-state retailers […]
Revenu Quebec recently released updated electronic specifications for Form RL-18, Securities Transactions. These specifications are used by filers to submit RL-18 reports electronically to Revenu Quebec. There are three specific updates to the specifications which were added to the TY 2018 version of the specifications. Possible values for the applicable year have been updated to […]
Revenu Quebec recently released an updated form and electronic specifications for Form RL-3. This form is used to report investment income to Revenu Quebec. Please note that the language policy in place requires communications with Revenu Quebec to be in French, and as such the forms are entirely in French as well. There are a […]