Regulatory Analysis

Posted February 2, 2023 by Alec Webb
California Releases 2023 Employer Guide and 2023 Household Employer Guide

California recently released the 2023 California Employer’s Guide (DE 44) and the 2023 Household Employer’s Guide (DE 8829). The “Household Employer’s Guide” has been renamed to “California Employer’s Guide”. A summary of key changes is noted below. To make an adjustment to incorrect UI, ETT, SDI, and/or PIT after DE 9 was filed, file a DE 88 […]

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Posted February 2, 2023 by juliaolienyk
IRS Releases Form W-4R and Issues Updated Guidance

The 2023 version of the W-4R and W-4P were released January 9, 2023. In 2022, taxpayers had the option to use either the 2021 Form W-4P or the 2022 Forms W-4P and/or W-4R in 2022. However, beginning January 1, 2023, the 2023 W-4P and W-4R must be used. W-4P is now used only to make […]

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Posted February 2, 2023 by Alec Webb
Louisiana Releases Updated EFT Guidelines

Louisiana recently published the 2023 version of R-20201, Electronic Fund Transfer (EFT) Guidelines. This publication provides details and procedures for taxpayers using EFT to submit payment to the Louisiana Department of Revenue. There is only one change made to the latest version of the Publication R-20201. Tax Codes 08431-08435 have been added for “Retail Dealers of […]

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Posted January 27, 2023 by Kelly Muniz
BRAZIL: EFD-Reinf Migration of Events to Layout v.2.1.1 and Synchronous Transmission Deadline

According to the information made available in the SPED web portal, as soon as the new version of the EFD-REINF (Digital Fiscal Record of Withholdings and Other Fiscal Information) is implemented in production to receive events from the R-4000 series, all events must migrate to layout version 2.1.1 (including table events R-1000, R-1070 and the […]

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Posted December 1, 2022 by Alec Webb
Nebraska Releases Updated 501N for Tax Year 2022

Nebraska recently updated form 501N for tax year 2022. Form 501N is for Nebraska Monthly Income Tax Withholding Deposit. There were no substantive changes from the 2021 version. To view Form 501N, click here.

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Posted September 28, 2022 by Edit Buliczka
Croatia: Adoption of the Euro

On 12 July 2022 a Council Regulation of (EU) 2022/1207 was issued amending Regulation (EC) No 974/98 regarding the introduction of the Euro in Croatia from 1 January 2023. A fixed conversion rate between the Kuna and Euro has been confirmed, being set at 1 € = 7.53450 kn. Based on the communication from the […]

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Posted September 16, 2022 by Enis Gencer
Greece: Recent Changes to MyDATA System

The Independent Authority for Public Revenue (IAPR) has made some updates to the MyDATA system in recent weeks, including technical and regulatory changes. The changes include the following: The Ministerial Decision A.1138/2020 was amended by Decision A. 1090/2022, which includes changes regarding the obligation to transmit data to the myDATA digital platform. As a result, […]

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Posted September 7, 2022 by Paul Ogawa
Minnesota Updates Withholding Certificate for Pension and Annuity Payments

The Minnesota Department of Revenue recently updated Form W-4MNP, Withholding Certificate for Pension and Annuity Payments. This form is used by distribution recipients to report taxpayer information and exemptions to the payors, who use the information for withholding tax purposes. While the form and payee instructions saw minor updates, the payor instructions saw substantial changes. […]

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Posted September 7, 2022 by Paul Ogawa
Utah Publishes Updated Withholding Tax Guide

The Utah State Tax Commission recently published an updated version of Publication 14, Withholding Tax Guide. This publication provides guidance and information for taxpayers relative to withholding tax payment and reporting, along with W-2 and 1099 reporting information. Note that this most recent release is effective as of January 1, 2023; the version effective for […]

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Posted August 18, 2022 by juliaolienyk
IRS Releases Revised Publication 1586

The IRS recently released a revision to Publication 1586, Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs. There were minor grammar and punctuation changes as well as updates to revision date and years. Additionally, the following notable changes were made: ·         Penalty rate tables updated to reflect new rates, including annual inflation adjustments […]

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Posted August 18, 2022 by juliaolienyk
Publication 1179 was Recently Updated for 2022

Publication 1179 was updated for 2022. Publication 1179 is the general rules and specifications for substitute Forms 1096-1098-1099, 5498, and certain other information returns. In addition to updates in year, bulletin number, and slight wording changes, the Publication also incorporates changes made to individual forms for 2022. There were no substantial updates to the publication […]

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Posted August 10, 2022 by Robert Beck
IRS Releases Cosmetic Update for Publication 5165

The IRS recently released an update to the 2022 Publication 5165. This publication contains the specifications for electronic filing of Federal Affordable Care Act forms in the AIR system. This update for the 2022 filing season is purely cosmetic in nature and contains no actual changes to the substantive information contained within the publication itself. […]

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Posted July 19, 2022 by Selin Adler Ring
India: E-invoicing Scope Expected to be Expanded

India has a Continuous Transaction Controls (CTC) System in place since October 2020. E-invoicing has been rolled-out in stages, meaning e-invoicing requirements are applicable to more and more taxpayers over time. At its current stage, e-invoicing is mandatory for taxpayers with an annual turnover of 20 Cr. rupees or more. On 18 July 2022, the […]

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Posted June 15, 2022 by Selin Adler Ring
Saudi Arabia: ZATCA to Subsidize E-invoicing Solutions

In an effort to ease compliance burden on taxpayers, the Zakat (the Saudi Arabian Customs and Tax Authority, ZATCA), has announced that it will offer to subsidize e-invoicing solutions acquired by taxpayers. For this purpose, ZATCA established a new electronic service through which taxpayers may request a subsidy after providing certain details and the invoice […]

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Posted May 31, 2022 by Selin Adler Ring
Saudi Arabia: E-invoicing Phase 2 Developments

Saudi Arabia’s e-invoicing system is being rolled out in two phases; the requirements of the second phase differ from the first phase. The first phase started on 4 December 2021 for all resident taxable persons. The second phase will go live on 1 January 2023, and the authorities have not yet announced which taxpayers will […]

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Posted May 26, 2022 by Filippa Jörnstedt
Portugal Postpones a Stricter Authenticity and Integrity Requirement to 1 Jan 2023

Portuguese authorities have announced another delay to its expected new e-invoicing requirements, by issuing a Ministerial Order that prolongs the validity of PDF invoices for all tax purposes. This is not the first time the entry into force has been delayed, but this time the entry into force has been postponed from 1 July 2022 […]

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Posted May 17, 2022 by Marta Sowińska
Belgium: on its way to implement B2B e-invoicing

On 11 May 2022 Belgium Chamber of Representatives published a draft law amending the law of 2 August 2002 on combating late payment in commercial transactions, as last amended by the law of 28 May 2019, in order to implement electronic invoicing between companies (B2B). Based on the law proposal, companies (with the exception of […]

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Posted May 11, 2022 by Marta Sowińska
Slovakia CTC implementation phase postponed

On the 5th of May 2022, the Slovakian Ministry of Finance presented a technical solution for the new IS EFA system, an e-invoicing platform for sending invoice data to the financial administration. Moreover, the Ministry of Finance has also communicated a new timeline for the implementation of e-invoicing framework: June 2022- the voluntary public testing […]

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