Regulatory Analysis
Effective April 2, 2025, Texas updated Rule §3.330 which expands the definition of “data processing service” which represents the computerized entry, retrieval, search, compilation, manipulation, or storage of data or information. The definitional change largely represents a codification of less formally published rules and requirements. In addition, effective October 1, 2025, marketplace provider services may […]
The Kentucky Legislature recently passed HB 2, which was initially vetoed (in full) by the Governor on March 25, 2025 but was successfully overridden on March 27, 2025. Effectively, a broad-based exemption for bullion and currency now exists under HB 8 (2024) with a retroactive effective date of August 1, 2024. The Kentucky Department of […]
Today the Spanish Government approved a Royal Decree and made official the new date from which taxpayers, that are not using SII, will be required to issue all their invoices (paper or electronic) using a compliant billing system (also known as SIF/Verifactu). The new date, as expected, is 1 January 2026 The previous date for […]
The Greek Ministry of Economy and Finance and the Independent Authority for Public Revenue (IAPR) have announced a further postponement of the deadlines for the implementation of digital monitoring of inventory under transport, also known as the e-transport framework. The original deadlines were set for 1 April 2025 and 1 October 2025, but have now […]
As shared earlier, Angola was drafting legislation to introduce mandatory invoicing through certified software alongside an electronic invoicing mandate for taxpayers under the General and Simplified VAT regimes. On 20 March 205, the country adopted the law, introducing mandatory invoicing, whether electronic or not, to be issued through certified software. Additionally, mandatory e-invoicing applies to […]
Colorado imposes a Daily Vehicle Rental Fee on motor vehicle rentals 30 days or less and certain car sharing rentals. The rate may adjust for inflation each year. For the period of July 2025 to June 2026, the fee amount will increase to $5.23 from $5.34. Further information concerning the fee may be found here.
Virginia recently enacted HB 2675 & SB 871, which extends the Virginia sales tax exemption for certain advertisers that purchase print materials in Virginia, distribute the materials outside the state, and meet other specified requirements through July 1, 2028. Previously, the exemption was set to expire July 1, 2025.
The Saudi Arabian Tax and Customs Authority (ZATCA) announced the wave 22 of Phase 2 of the e-invoicing initiative. This wave includes taxpayers whose revenues subject to VAT exceeded SAR 1 Mn (approximately USD 266K) during 2022 or 2023 or 2024. Taxpayers within this group are expected to integrate with the system as of December 31, 2025. Phase 2 of the e-invoicing mandate […]
On March 24th, the French Senate approved a Draft Law postponing the deadlines of the French e-invoicing mandate. A Broader Impact Than Expected Contrary to initial interpretations suggesting that the amendment would only delay the requirement for medium and small businesses to issue electronic invoices, the draft Law actually postpones the e-invoicing mandate in its […]
Virginia recently enacted SB 1369 & HB 1698, which extends the Virginia sales tax exemption for prescriptions medicines purchased, administered, or dispensed by veterinarians through July 1, 2028. Previously, the exemption was set to expire July 1, 2025.
On 25 March 2025, the VAT in the Digital Age (ViDA) package was officially published in the Official Journal of the European Union amending the following legal instruments: The EU VAT Directive The Regulation on the VAT administrative cooperation The VAT Implementing Regulation concerning requirements for certain VAT schemes These amending acts will enter into […]
The Belgian Federal Public Service Finance has clarified on its website that the obligation to receive structured electronic invoices will not apply to non-established VAT-registered companies in Belgium (i.e., those without a fixed establishment). This change will impact the B2B e-invoicing mandate that will come into force on January 1, 2026, however may be subject to change […]
The Knesset (Israeli Parliament) Finance Committee has approved a series of tax measures aimed at reducing black capital, as part of the Economic Efficiency Law linked to the state budget. A key change is the proposal to lower the transaction threshold that triggers the CTC clearance obligation, which requires taxpayers to obtain an allocation number […]
On 25 March 2025, the VAT in the Digital Age (ViDA) package was officially published in the Official Journal of the European Union amending the following legal instruments: The EU VAT Directive The Regulation on the VAT administrative cooperation The VAT Implementing Regulation concerning requirements for certain VAT schemes These amending acts will enter into […]
Through the enactment of SB 942 & HB 1729, the Virginia sales tax exemption for parts, engines, and supplies used for maintaining, repairing, and reconditioning aircraft has been extended to July 1, 2030. Previously, the exemption was set to expire July 1, 2025.
The Greek authorities have published Decision 1045/2025, implementing regulations under the Greek Tax Procedure Code regarding pre-filled income tax returns. Particularly, the decision regulates the completion and submission of the Statement of Financial Data from Business Activity (Form E3) and the determination of taxable business results based on taxpayer data transmitted to the myDATA platform. […]
On 18th March 2025, the Budget Restructuring Measures Act 2025 (7/2025) was published in the Austrian Federal Law Gazette. Among other tax measures, the Insurance Tax (IPT) Act was amended. In Austria, the IPT Act includes rules for the taxation of insurance policies covering motor vehicles. The changes can be summarised as follows: a) Abolishment of […]
As of July 1, 2025, taxpayers registered with the activity 41000 (Construction of architectural works), even if it is not the main one; they must identify in the documentation of their operations linked to real estate, by means of the DGIINM Code, both the property and the type of operation referred to in the receipt. […]