Regulatory Analysis
The Ministry of Industry and Productive Development through the Resolution 30/2024 updated the minimum amount that companies must meet to issue “Electronic Credit Invoice”. The authority updated the values of total sales for a company to be considered a MiPyme. The minimum amount from which companies must mandatorily issue an electronic credit invoice is also […]
On June 17, the Tax authority published an update of the technical documentation of the Carta porte in version 3.1. This version makes modifications and additions in various fields and incorporates the RegimenesAduaneros also affecting its printed representation. The update of the CFDI Filling Instructions with Carta Porte version 3.1 was published as follows: Motor […]
The DGII issued the Notice RNC: 401-50625-4, which includes the list of Large Local and Medium Taxpayers that are required to comply with the issuance of electronic tax receipts (e-CF) no later than May 16, 2025. This is 24 months from the entry into force of the aforementioned Law (May 16, 2023). 11-24.pdf (dgii.gov.do)
The German Ministry of Finance (MoF) released a draft guideline on June 13, 2024, detailing the upcoming B2B e-invoicing mandate. The highlights from the guidelines are that: The MoF plans to introduce an e-reporting system for invoice details at a later stage, with no set date. E-invoicing exemptions include tax-free services, invoices under 250 euros, […]
Under H. 887, Vermont will tax prewritten remotely accessed software (i.e. “SaaS”), effective July 1.
As announced earlier this month, the Lithuanian National Centre for General Functions (NBFC) is launching a new platform for the submission of B2G e-invoices. The platform called SABIS, is going to replace the pervious E-sąskaita. The transition from the E-sąskaita to SABIS platform was initially set to begin on 1 July 2024, yet now the […]
The French authorities published the updated version of the ‘External specifications file for electronic invoicing’. After an extensive process of consultation with interested stakeholders, the DGFiP recently published a new version of the French e-invoicing mandate External Specifications file. This latest version constitutes the ‘source of truth’ for describing the functional principles of the central […]
New Zealand has recently signed an e-invoicing Memorandum of Agreement (MoA) with Singapore, whereby the countries have agreed to cooperate on initiatives that promote, encourage, support, or facilitate the adoption of e-invoicing by businesses. In addition, mandatory e-invoicing is being discussed within the e-Invoicing Adoption Leaders Group, which includes representatives from both the business and […]
On June 18th, The Romanian Ministry of Finance published a Draft Order intended to expand the scope of the electronic invoicing mandate in the country to include B2C transactions. In the context of electronic invoicing, B2C transactions are defined as occurring between a taxable entity established in Romania and a non-taxable person. The implementation of […]
The 2024 Massachusetts Sales Tax Holiday will be held on Saturday, August 10 and Sunday, August 11. Most retail items of up to $2,500, purchased in Massachusetts for personal use on these two days, will be exempt from sales tax. For more information click here.
The IRS recently released an update to Form 941-X and the accompanying instructions. Form 941-X is the form for reporting Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund to the IRS. Generally, the form is updated yearly. This year, the updates to the form are in conjunction with the expiration of the social […]
As part of Senate Bill 362, the “Budget Reconciliation and Financing Act of 2024,” Maryland has, among a variety of changes, increased the sales and use tax rate on the sale of electronic devices, including vaping liquid sold in a container that contains more than 5ml of vaping liquid. Effective July 1, 2024, the sales […]
Minnesota’s new Retail Delivery Fee, the “Road Improvement and Food Delivery Fee,” takes effect July 1, 2024. Retailers will be subject to a $0.50 fee on certain transactions that are $100 or more and involve a “retail delivery” in Minnesota. This includes retail deliveries of taxable tangible goods, as well as retail deliveries of clothing. […]
The North Dakota Office of State Tax Commissioner recently announced local tax changes effective July 1, 2024. Such changes include a sales tax rate increase in the City of Mapleton and removal of the maximum tax cap, as well as a sales tax rate increase in the City of Rolla. More information may be found […]
In Connecticut, a surcharge is assessed by the Public Utilities Regulatory Authority on all phone lines, including prepaid wireless services, in order to fund E911 services. Each fiscal year the amount of the surcharge is reviewed. Pursuant to Public Utilities Regulatory Authority Docket No. 24-10-05, the surcharge has been increased for prepaid wireless services from $0.68 […]
The Colorado Department of Revenue published local sales and use tax changes effective July 1, 2024. Such changes include rate increases for the cities of Dolores, Garden City, Lyons, and South Fork. The city of Deer Trail will begin imposing sales and use tax at a rate of 1.75%. Additionally, the City of Wiley will […]
Following the plans announced earlier this year, Latvian Ministry of Finance (MoF) published the draft amendments to the Accounting Law, aiming to implement mandatory B2B and B2G e-invoicing. Taxpayers registered in Latvia will be obliged to issue e-invoices, following the EN 16931 standard, if the goods or services are supplied to a recipient in the […]
The state of Colorado provides a sales and use tax exemption for period and incontinence products at the state level which may be adopted by state-administered locals. As such, the state-administered local of Eagle County has adopted the exemption under Resolution 2024-023, effective July 1, 2024. The Town of Avon, a self-administered local, has similarly […]