Regulatory Analysis

Posted October 31, 2024 by Kelly Muniz
UK: Government Confirms Launch of Public Consultation on E-Invoicing

Following an announcement by the head of His Majesty’s Treasury in late September 2024, the UK Revenue and Customs authority (HMRC) has confirmed an upcoming public consultation on e-invoicing as part of the 2024 Autumn Budget published on 30 Oct 2024. According to the announcement, the government will launch the consultation in early 2025 to […]

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Posted October 29, 2024 by Kelly Muniz
Poland: Draft Law on KSeF Added to Council of Ministers’ Legislative Agenda

The Draft law proposing changes to the Polish KSeF e-invoicing system has been included in the legislative program of the Polish Council of Ministers. It addresses the topics raised during consultations held earlier this year. According to the official publication, the proposal aims to introduce measures to simplify the implementation and use of the KSeF […]

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Posted October 29, 2024 by Victor Duarte
UAE: VAT Law Amended to Include Electronic Invoices

The latest issue of the UAE Official Gazette includes amendments to national VAT law (the Federal Decree-Law No. (8) of 2017 regarding Value Added Tax (VAT)). These changes are driven by the upcoming e-invoice mandate in the country. This is the first time that the VAT law in the country has been changed to include […]

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Posted October 28, 2024 by Victor Duarte
Spain: Technical Specifications Published for the SIF/VERI*FACTU Initiative

Today, the Spanish Government published the Ministerial Order HAC/1177/2024 in the Spanish Official Gazette. This Ministerial Order sets out the technical, functional, and content requirements that must be adopted by the electronic systems and programs that support billing processes. The Ministerial Order also standardizes the formats of the billing records, as approved by Royal Decree […]

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Posted October 28, 2024 by Bradley Feimer
Colorado Prepaid Wireless Charge Rates Change Effective January 1, 2025

Effective January 1, 2025, the Colorado prepaid wireless charge on retail sales of prepaid wireless telecommunication services will be adjusted to $2.09 for the 911 charge and $0.07 for the 988 charge.

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Posted October 25, 2024 by Bradley Feimer
Colorado Motor Vehicle Daily Rental Fee Change Effective January 1, 2025

Colorado imposes a $2.23 Daily Vehicle Rental Fee on motor vehicle rentals 30 days or less and certain car sharing rentals. As a part of the total fee amount, a new $3 congestion impact fee has been added as a component of the fee rate. The new total rate for the Colorado Daily Vehicle Rental […]

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Posted October 24, 2024 by Victor Duarte
UAE: Ministry of Finance Reaffirms E-Invoicing Plans in the Country

The Ministry of Finance of the United Arab Emirates (MoF) has reaffirmed its plans for the previously announced E-Billing System project. The MoF just made available an e-invoicing website that defines the objectives of the e-invoicing project to reduce human intervention in business and tax reporting processes, optimize costs, and enhance security through encrypted transactions. This […]

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Posted October 22, 2024 by Erik Wallin
Massachusetts Tax Amnesty Starts November 1, 2024

Massachusetts is providing a 60 day Tax Amnesty Program from November 1, 2024 to December 30, 2024. The Tax Amnesty Program will be open to individual and business taxpayers who meet certain eligibility requirements. Most tax types will be eligible, including sales/use tax. Eligible taxpayers will be able to file delinquent or amended returns, pay […]

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Posted October 21, 2024 by Erik Wallin
Major Upgrades Coming to NJ Sales and Use Tax Filing System

The New Jersey Department of Taxation has recently announced that beginning early 2025, Sales and Use Tax filers will utilize a new taxpayer portal to interact with New Jersey’s tax-filing system. The portal will provide direct filing capabilities and increased control over taxpayer accounts.

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Posted October 21, 2024 by Mariadelc Aguilar
Mexico: SAT Expands Definition of ‘Digital Intermediation Service’ in 2024 Regulatory Criteria Amendment

The Value Added Tax Law regulates the provision of digital services by residents abroad without an establishment in Mexico for the purposes of said Tax. Article 18-B of the VAT Law states that only those established in said legal precept are considered digital services, when they are provided through applications or content in digital format […]

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Posted October 18, 2024 by Bradley Feimer
White Mountain, Alaska Increases Sales Tax Rate Effective December 1, 2024

The Alaska Remote Seller Sales Tax Commission recently announced White Mountain, Alaska has increased their sales tax rate from 1% to 3%. The rate increase will be effective December 1, 2024.

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Posted October 18, 2024 by Edit Buliczka
Denmark: Change of Rates for Guarantee Fund Contributions From 2025

On 10th September 2024, the Danish Guarantee Fund (DGF) issued an order concerning the rate of contributions payable by insurers for 2025. The following non-life consumer policies will be subject to DKK 10 contribution: Family insurance policies Homeowners insurance policies Health insurances Change of ownership insurances Seller liability insurances Building/Construction damage insurance Motor insurance policies […]

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Posted October 16, 2024 by Inês Carvalho
Belgium: List of Compliant e-Invoicing Solutions Published

On October 15, 2024, the Belgian authorities published a list of compliant software solutions that enable taxpayers to send, receive, and process structured electronic invoices. From 2026, all Belgian VAT-registered entities will be required to use structured electronic invoices for domestic B2B transactions. Sovos is recognized as one of the compliant software providers on this […]

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Posted October 16, 2024 by Inês Carvalho
Germany: Ministry of Finance Publishes Finalized Guidelines on B2B E-invoicing

On October 15, 2024, the German Ministry of Finance (MoF) published the finalized guidelines on the upcoming B2B e-invoicing mandate, confirming the announced roll out date of January 2025. The final guidelines have not changed the key requirements established by the Growth Opportunities Act, instead confirming the content of the draft guidelines published earlier this […]

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Posted October 16, 2024 by Inês Carvalho
France: Important Updates on the French e-Invoice Mandate

On October 15, 2024, the French Tax Administration (DGFIP) announced  a major change regarding the Public Portal (‘PPF’), marking a significant shift in the country’s e-invoicing landscape. The DGFIP stated that the PPF will no longer function as a free e-invoice exchange platform, discontinuing its plan to serve as a no-cost Partner Demateriarialization Platform (‘PDP’).  […]

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Posted October 11, 2024 by Carolina Silva
Portugal: Postponement of Qualified Electronic Signature Requirement and Accounting SAF-T Proposed

The 2025 Draft State Budget once again proposes delaying the implementation of the qualified electronic signature requirement as a method to establish the presumption of integrity and authenticity for e-invoices. Initially expected to be enforced on January 1, 2025, this requirement is now addressed in the 2025 Draft State Budget. Following the official publication of […]

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Posted October 10, 2024 by Bradley Feimer
Alaska: ARSSTC Removes 200 Transaction Threshold for Economic Nexus Effective January 1, 2025

As a part of amendments to the Alaska Remote Seller Uniform Code for ARSSTC member jurisdictions, the 200 transaction threshold for economic nexus will be removed effective January 1, 2025. From such date, a remote seller has economic nexus if their gross sales for products or services delivered in Alaska meets or exceeds one hundred […]

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Posted October 9, 2024 by Kellianne Munichiello
Revenu Québec Releases RL-3 for 2024

Revenu Québec recently released the RL-3 (Investment Income) for tax year 2024 through Revenu Québec’s Partner program, which provides early access to forms for product developers and other tax professionals. On Copy 1 of the RL-3, the revision date has been updated. On Copy 2, there are several changes related to the capital gains inclusion rate […]

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