Regulatory Analysis

Get the latest updates in regulatory analysis news

Posted 3 weeks ago by Nicolette Chasse
Georgia to Require Filing of Form 1099-K

The state legislature of Georgia has passed a bill that would amend the Georgia tax code, requiring individuals who file or are required to file Form 1099-K with the IRS to also electronically file a copy of the form with the state revenue commissioner on or by March 31. Forms are due to recipients on […]

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Posted 3 weeks ago by Tom Hospod
West Virginia Revises Electronic Funds Transfer Instructions

West Virginia has updated its EFT Program Information Guide. The only revision to the publication is that for periods starting on or after January 1, 2019, taxpayers remitting any single business tax of $50,000 or more during the previous fiscal year must pay and file returns electronically for all business tax types, unless specifically excluded.

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Posted 3 weeks ago by Tom Hospod
Vermont Updates ACH Credit Instructions

Vermont has revised its instructions for making ACH Credit Payments to the Department of Taxes. The instructions remain mostly the same, although the bank address to which filers should pay withholding taxes has changed: People’s United Bank, 112 State Street, Montpelier, VT 05601 VT Tax Account Number: 8877770634 The routing and account numbers have remained the same.

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Posted 3 weeks ago by Katherine Mullen
Louisiana Mandates Tax Collection on Remote Commerce

While Louisiana is one of the few states (as of today) that does not actively require out-of-state vendors to collect their sales tax, they are poised to begin. At present, collection of the simplified 8.45% remote seller sales tax is voluntary; however, in the wake of the passage of Act 360 (HB547) related to remote […]

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Posted 3 weeks ago by Jeff Gambold
Sweden: lower VAT rate to be applied to electronic publications

With effect from 1st July 2019, e-books and electronically provided magazines and journals will become subject to the lower rate of 6% VAT (the standard rate of 25% previously applied) in Sweden. This change will result in equal treatment of electronic publications and their physical equivalents under Swedish VAT law. This falls into line with […]

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Posted 3 weeks ago by Andrew Decker
New York Increases Economic Nexus Threshold

[June 26, 2019] New York Senate Bill S06615 (A06615) was signed into law on June 24th, increasing the economic nexus threshold to $500,000 worth of sales of tangible personal property. At the beginning of this year, the Department of Taxation of Finance released a notification stating that the Supreme Court’s decision in the Wayfair decision […]

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Posted 1 month ago by Kaitlyn Smethurst
New Zealand Considers GST Changes for Offshore Suppliers

[June 10, 2019] The New Zealand Parliament is considering proposed changes to the GST rules for importers of “low-value” goods supplied to New Zealand consumers. Under the omnibus tax reform bill, offshore suppliers, which includes online marketplace sellers, that sell goods that are valued at or below NZD 1,000 into New Zealand, will be required to […]

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Posted 1 month ago by Matthew Gonnella
Nevada Passes Marketplace Legislation

[June 17, 2019] Nevada recently passed bill A.B. 445 requiring marketplace facilitators that meet certain thresholds to collect tax on behalf of their marketplace sellers. Marketplace facilitators must collect tax when they facilitate Nevada sales by marketplace sellers of $100,000 or more, or when they facilitate 200 or more individual transactions in the current or […]

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Posted 1 month ago by Jeff Gambold
Bulgaria to introduce a new lower reduced rate of VAT

[June 10, 2019] The Bulgarian Parliament introduced a new bill on the 5th June 2019 that includes various proposed changes to the Bulgarian Value Added Tax Act. Included among the changes is a new lower VAT reduced rate of 5%, which would come into effect from 1st January 2020. Under the current proposed language, the […]

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Posted 1 month ago by Alex Samuel
Tennessee Publishes Economic Nexus Guidance for Out-of-State Sellers

[June 10, 2019] Tennessee recently published new guidance on Sales and Use Tax Rule 1320-05-01-.129(2) regarding the taxation of out-of-state retailers. Out-of-state sellers with no physical presence in Tennessee who make sales exceeding $500,000 to consumers in Tennessee during the previous 12-month period must register with the Department and begin collecting and remitting Tennessee sales and […]

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Posted 1 month ago by Oliver Mavor-Parker
Vermont Enacts Marketplace Sales Tax Collection Requirements

[June 7, 2019] Vermont H. 536 was recently signed into law and requires marketplace facilitators that meet certain thresholds to collect tax on behalf of their marketplace sellers. Marketplace facilitators must now collect tax when they facilitate Vermont sales by marketplace sellers of $100,000 or more, or when they facilitate 200 or more individual transactions, during […]

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Posted 1 month ago by Alex Samuel
City of Denver Exempts Feminine Hygiene Products from Sales Tax

[June 4, 2019] The City of Denver recently enacted legislation exempting feminine hygiene products from city sales tax effective July 1, 2019. Feminine hygiene products include, but are not limited to, tampons, menstrual pads and sanitary napkins, pantiliners, menstrual sponges, and menstrual cups.

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Posted 1 month ago by Alex Samuel
Tennessee Exempts Fiber-Optic Cable from Sales Tax

[June 4, 2019] Tennessee recently enacted legislation amending the definition of tangible personal property to exclude fiber-optic cable after it has become attached to a structure or installed underground. Such fiber-optic cable is deemed realty upon installation and is not subject to sales tax. The exemption is effective July 1, 2019.

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Posted 1 month ago by Alex Samuel
Florida Enacts Back-to-School Sales Tax Holiday

[June 4, 2019] Florida recently enacted legislation which creates a sales tax holiday between August 2, 2019 and August 6, 2019 during which clothing having a sales price of $60 or less and school supplies having a sales price of $15 or less are exempt. Additionally, personal computers or personal computer-related accessories having a sales […]

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Posted 1 month ago by Daniel Kostrzewa
Arizona Enacts Economic Nexus and Requires Marketplace Facilitators to Collect Tax

[June 4, 2019] Starting October 1, 2019,  Arizona will require remote sellers and marketplace facilitators to collect and remit Arizona’s transaction privilege tax if they surpass certain economic thresholds. A remote seller will be required to collect and remit tax if its gross proceeds from sales to Arizona customers exceed: $200,000 for the 2019 calendar […]

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Posted 1 month ago by Matthew Gonnella
Nevada Exempts Durable Medical Equipment

[June 4, 2019] Pursuant to recently enacted Senate Bill 447, sales of durable medical equipment, oxygen delivery equipment, and mobility enhancing equipment are exempt from sales tax in Nevada. This exemption can be claimed when the equipment is prescribed for human use by a licensed health care provider acting within their scope of practice. This […]

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Posted 1 month ago by Jeff Gambold
Poland to introduce mandatory split payments regime

Following the introduction of a voluntary split payment system last year, Poland is now proceeding with a mandatory regime to come into effect from 1st September 2019 for all payments of 15,000zl (approximately 3,500 euros) or more.  Under the scheme, which will apply to both established and non-established businesses, the VAT element of any payment, […]

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Posted 1 month ago by Katherine Mullen
Economic Nexus Vetoed in Kansas

[May 30, 2019] House Bill 2033, which passed both the House and the Senate in Kansas, would have established economic nexus in the state, and would have required marketplace providers to collect tax on behalf of marketplace sellers. The current trend is for states to impose these sorts of requirements; many states have passed bills over […]

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