Regulatory Analysis
The Hungarian Tax Authority announced that the deadline to implement the mandatory real time reporting version 2.0 xsd is postponed from 1 April 2020 to 1 July 2020. It is important to note that 2.0 xsd can already be used live in parallel with Version 1.1 xsd. Official announcement can be found at the following link: https://onlineszamla.nav.gov.hu/home
The New Jersey Department of Treasury recently issued updated guidance for health coverage filings, extending the due date for coverage providers to file their 1095 health coverage forms for tax year 2019 with the Department of Taxation. Health coverage providers will now have until May 15, 2020 to provide the necessary 1095 forms to the Department of […]
The City of Kodiak, Alaska has enacted a one-day annual sales tax holiday. Under the terms of the Kodiak City Code, the sales tax holiday will take place on the first Saturday in March each year. For 2020, the holiday occurred on March 7th. The holiday applies to all sales and rentals of tangible personal […]
The Spanish tax administration (AEAT) announced on its website that it has started to pre-fill the periodic VAT return of certain taxpayers (Modelo 303), based on information these taxpayers supply via the SII. The service is called Pre303, and going forward, it will be available for the tax return of February 2020 that is due in […]
The Chilean congress enacted law 21.210, a tax reform bill that will have several implications for VAT compliance. Among the enacted changes, the supply of digital goods and services by foreign suppliers not established in Chile will be subject to VAT. When supplies are made to VAT registered taxpayers, these taxpayers will be responsible for […]
Approximately 25 local governments in Alaska have signed an intergovernmental agreement establishing a Commission that will provide governance over a streamlined, single-level administration of sales tax collection and remittance. The Commission recently adopted their uniform sales tax code which includes provisions requiring remote sellers and marketplace facilitators to collect and remit sales tax if their […]
The Supreme Court announced it would consider a challenge to the Affordable Care Act (ACA) colloquially known as Obamacare. The legal challenge, brought by the Attorney General of Texas, seeks to overturn the landmark healthcare law. The challenge proposes that since the ACA only passes constitutional muster through its tax implications, the 2017’s Tax Cuts and […]
The DIAN has released a new proposed resolution clarifying the timing surrounding the implementation of version 1.8 of the Technical Annex of the Electronic Invoice under UBL 2.1. The implementation deadline will begin on April 2020 for large taxpayers and extend to October 2020 for all others. This new resolution will also consolidate in a […]
Colombia enacted a new tax reform that, among other things, establishing a future 3 day VAT Holiday. According to the provisions of Law 2010/2019, the government will allow retailers to sell clothes, electronics, sports equipment, toys and school supplies VAT free when purchased by final consumers using a credit card and where the sale is […]
The Mexican Congress has approved the 2020 tax reform, The most important changes of this reform in relation to VAT is the establishment of a new system of the taxation of digital goods and services supplied by non-established entities to final consumers in Mexico. Under this new regime, foreign suppliers of digital goods and services […]
As part of its 2020-2021 Budget Estimates, released on March 18, Saskatchewan revealed that it intends to pass the Provincial Sales Tax Amendment Act, 2020. This bill will enact initiatives to ensure out-of-province e-commerce platforms collect and remit Saskatchewan’s provincial sales tax (PST). Sovos is closely tracking Saskatchewan’s plans as they become available. To view Saskatchewan’s budget […]
As part of its Budget 2020, released on March 19, Manitoba is lowering its general retail sales tax (RST) rate to 6% from the current rate of 7%. This rate decrease becomes effective on July 1, 2020. To view Manitoba’s Budget 2020 in its entirety, please click here.
The Ministry of Finance of El Salvador has announced that the country is about to start an e-Invoicing Pilot program sponsored by the Inter-American Development Bank. The exact day when the program will begin has not been released yet by the tax authorities, but the tax administration has informed that they are selecting the roughly 50 largest taxpayers to […]
The new “JPK with the declaration” JPK_V7M (monthly) and JPK_V7K (quarterly) periodic VAT reporting files are due to be implemented from 1 April 2020 for taxpayers defined under Polish legislation as being large businesses. To recap, this means any businesses undertaking operations in Poland that in at least one year of the last two financial […]
In response to the COVID-19 crisis, Puerto Rico declared an emergency sales tax holiday on “Items of First Necessity” from Monday, March 23, 2020 until Thursday, April 30, 2020. During this period, the Puerto Rico sales tax will not apply to the following items: hand sanitizers, personal disinfectants, tissues, masks, household cleaning supplies, gloves, pain […]
The Chancellor of the Exchequer announced his UK budget for 2020 earlier today. After three rate rises in the previous five years, Insurance Premium Tax (IPT) gained a reprieve from any further increases. The Chancellor mentioned in his Budget document that the Government will shortly publish a summary of responses to the recent call for […]
Eight local governments in Alaska have enacted ordinances implementing the Alaska Remote Seller Sales Tax Commission’s Uniform Sales Tax Code. They include: Juneau, Wasilla, Kenai Peninsula Borough, Kenai, Seward, Soldotna, Homer and Seldovia. Remote sellers and marketplace facilitators doing business in these locations are required to collect and remit sales tax if their statewide gross […]
Puerto Rico’s revenue department, la Hacienda, has announced that its SURI system for electronic payment and filing of taxes will undergo a system upgrade from February 20 to February 24. The system will be unavailable at that time. As a consideration for this upgrade, la Hacienda is extending the due dates for 2019 informatives due […]