Regulatory Analysis
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. […]
The SII issued Circular No. 19 to provide more details on changes introduced by Law No. 21,713 to the Tax Code. One key change is the addition of Article 92 ter, which allows purchase and sale transactions over 135 UF (about 5,500 USD) to be made in cash, provided the payer’s identity is recorded in […]
The Greek tax authority has published Decision 1047/2025 introducing a new set of amendments to Greece’s e-transport framework by amending Decision 1123/2024. Following the recent updates carried out by Decision A.1046/2025, the new decision 1047/2025 focuses on terminology alignment, document types, field requirements, and the phased rollout of digital inventory tracking. The changes aim to […]
The UAE authorities officially open the accreditation portal for companies that wish to become e-invoice Accredited Service Providers in the country. Accredited Service providers must comply with the eligibility criteria and accreditation procedures for Service Providers under the Electronic Invoicing System, as it is established in the Ministerial Decision No. 64 of 2025. The Accreditation […]
The Ministry of Economic Affairs and Digital Transformation (Ministerio de Asuntos Económicos y Transformación Digital) has launched a second public consultation on the upcoming B2B e-invoicing mandate to improve citizens’ participation in the norm-elaboration process before its development. Based on the feedback received, the Government will develop and approve the regulatory framework that is needed according to the Law […]
The Philippines has published Joint Administrative Order (JAO) 001-2025, issued by the Committee on Pre-border Technical Verification and Cross-border Electronic Invoicing (CPTVCEI), which includes key agencies such as the Department of Finance (DOF), Bureau of Customs (BOC), and Department of Trade and Industry (DTI), among others. This order introduces the Pre-border Technical Verification (PTV) and […]
The City of Elim has completed the process to join the Alaska Remote Sellers Sales Tax Commission (ARSSTC). Sellers must begin collection on 5/1/2025 and forms for filing will be updated to include Elim on 6/1/2025.
Portugal has officially postponed the mandatory B2G electronic invoicing obligation for small, medium and microenterprises, once again. Although B2G e-invoicing became mandatory for SMEs on 1 January 2025, Decree-law no. 13-A/2025 postpones the obligation, granting taxpayers a new deadline for compliance. Therefore, until 31 December 2025, micro, small and medium-sized companies are allowed to use invoicing […]
The Nigerian Federal Inland Revenue Service (FIRS) is set to roll out its e-invoicing system in phases starting in July 2025, starting with a pilot phase for selected large taxpayers. In September 2024, FIRS announced plans to introduce mandatory e-invoicing through a new digital system called FIRS e-invoice. This system will enable businesses to generate, validate, store, and exchange invoices in real-time, […]
Woodland Park, CO passed Ordinance No. 1493 on March 10, 2025. The ordinance reduces the city sales tax rate from 4.09% to 3% effective March 11, 2025. More information may be found here.
The IRS recently updated Form 1099-NEC (Nonemployee Compensation). Beginning with tax year 2025, excess golden parachute payments to non-employees will be reported in Box 3 of Form 1099-NEC. Previously, excess golden parachute payments were reported in Box 14 of 1099-MISC and Box 3 of 1099-NEC was reserved for future use. The Form 1099-NEC revision date […]
On March 11, 2025, the United States House of Representatives passed H.J.Res. 25, which provides for congressional disapproval of the DeFi crypto regulations published on December 30, 2024 (89 Fed. Reg. 106928). On March 4, 2025, the United States Senate passed an identical bill, S.J.Res 3, disapproving of the regulations. Titled “Gross Proceeds Reporting by […]
On 12 March 2025, Greece’s Independent Authority for Public Revenue (AADE) and the Ministry of National Economy and Finance published Decision A.1046/2025, amending the scope and requirements of the country’s e-transport document framework. The mandatory e-transport framework, introduced in 2024, requires taxpayers to submit transport data to the myDATA platform and obtain authorization from the […]
The Ministry of Finance in Angola is preparing a draft law to introduce mandatory invoicing – whether electronic or not – through certified software. Such certified software must be able to submit invoice data in real-time to the General Tax Administration of Angola (AGT) and generate a billing SAF-T file. If the draft law is […]
The IRS recently released the 2025 General Instructions for Forms W-2 and W-3. There are several notable updates. The due date for filing the 2025 W-2 with the Social Security Administration (SSA) has been updated to February 2, 2026 because the statutory due date of January 31 falls on a Saturday. The information about requesting […]
The Council of the European Union has now formally adopted Council Implementing Decision 2025/502, officially authorizing Greece to introduce a country-wide B2B e-invoicing mandate. According to the Decision published today, Greece is permitted to implement mandatory B2B e-invoicing for domestic transactions between taxpayers established in Greece. The Greek government has already implemented mandatory B2G e-invoicing, […]
Effective April 1, 2025, The Arizona Department of Revenue is increasing the maximum fee per tire from $2.00 to $4.66 per tire. The fee for new vehicles (where the price of the tires is not listed separately on the invoice) is increasing from $1.00 per tire to $2.33 per tire. The applicable 2.0% tax on […]