Regulatory Analysis

Ohio recently released its 2024 W-2 Upload Specifications. Most notably, filers should be prepared to navigate a new and improved interface when filing 2024 information returns. Beginning December 9, 2024, ‘OH Tax eServices’ will become active on Ohio Business Gateway to be used for all employer withholding taxes. Taxpayers can log into their existing Ohio […]

Revenu Québec recently released the RL-1 (Employment and Other Income) for tax year 2024. Beginning January 1, 2024, employers must withhold a second Quebec Pension Plan (QPP) contribution from an employee’s pensionable salary or wages. There are several changes to the RL-1 to reflect this change. Box B (QPP Contribution) has been retitled Box B.A. A new field titled […]

The Ministry of Energy and Mines of Ecuador issued an Agreement declaring an emergency in the national electricity sector. On October 30, the tax authority issued Resolution NAC-DGERCGC24-00000035, which establishes regulations that allow compliance with the formal duties of issuance of sales receipts. The first paragraph of Article 7 of the Resolution No. NACDGERCGC18- 00000233 […]

On October 10, the Decree that establishes the Regulation of the Electronic Invoicing Law was enacted.  Among the most relevant points contemplated by the Regulation are: Definitions of the elements that integrate the billing system. The deferred sending of electronic tax receipts, the contingency process. The Requirements to be an electronic issuer. Online validation establishing […]

As previously announced, the Polish Ministry of Finance (MoF) has initiated the final consultation process for its National e-Invoicing System (KSeF). This involves collecting the public’s comments on the new KSeF Draft Act and the updated logical structures FA(3) and FA_RR(1) that have also been published. The objective of the proposed legislation and updated schemas […]

The Saudi Arabian Tax and Customs Authority (ZATCA) announced the 17th wave of Phase 2 of the e-invoicing initiative. The 17th wave includes taxpayers with a revenue of at least SAR 2.5million (approximately USD 660.000) that were subject to VAT during 2022 or 2023. Taxpayers within this group are expected to integrate with the system as of July 31st, 2025. […]

The Latvian parliament approved amendments to the Accounting Law, mandating the use of structured electronic invoices for transactions involving goods and services. The implementation timeline is as follows: 1 January 2025: obligation to issue structured e-invoices in B2G transactions (to the budget institutions) 1 January 2026: obligation to issue structured e-invoices in B2B transactions The MoF announced […]

The long-awaited VAT in the Digital Age (ViDA) proposal has been officially approved. On November 5, 2024, during the Economic and Financial Affairs Council (ECOFIN) meeting, EU member states unanimously agreed on adopting the ViDA package. This decision marks a major milestone in modernizing the VAT Directive, setting the stage for a more efficient and […]

Pursuant to the Council of Ministers Decree KDP 349/2024 published on October 31, 2024, the zero VAT rate applies to basic food and consumer items such as baby milk, baby and adult diapers, female hygiene products, fresh or chilled vegetables, and fresh fruits effective from November 4, 2024, until December 31, 2025. The temporary zero-rate […]

The Council of the European Union has released a new proposal for the tax reform package called VAT in the Digital Age (ViDA). The proposal modernizes and streamlines VAT systems across the EU, notably the approach to e-invoicing and Continuous Transaction Controls (CTC) in the region. The updated proposal text will be reviewed by Members […]

Following an announcement by the head of His Majesty’s Treasury in late September 2024, the UK Revenue and Customs authority (HMRC) has confirmed an upcoming public consultation on e-invoicing as part of the 2024 Autumn Budget published on 30 Oct 2024. According to the announcement, the government will launch the consultation in early 2025 to […]

The Draft law proposing changes to the Polish KSeF e-invoicing system has been included in the legislative program of the Polish Council of Ministers. It addresses the topics raised during consultations held earlier this year. According to the official publication, the proposal aims to introduce measures to simplify the implementation and use of the KSeF […]

The latest issue of the UAE Official Gazette includes amendments to national VAT law (the Federal Decree-Law No. (8) of 2017 regarding Value Added Tax (VAT)). These changes are driven by the upcoming e-invoice mandate in the country. This is the first time that the VAT law in the country has been changed to include […]

Today, the Spanish Government published the Ministerial Order HAC/1177/2024 in the Spanish Official Gazette. This Ministerial Order sets out the technical, functional, and content requirements that must be adopted by the electronic systems and programs that support billing processes. The Ministerial Order also standardizes the formats of the billing records, as approved by Royal Decree […]

Effective January 1, 2025, the Colorado prepaid wireless charge on retail sales of prepaid wireless telecommunication services will be adjusted to $2.09 for the 911 charge and $0.07 for the 988 charge.

Colorado imposes a $2.23 Daily Vehicle Rental Fee on motor vehicle rentals 30 days or less and certain car sharing rentals. As a part of the total fee amount, a new $3 congestion impact fee has been added as a component of the fee rate. The new total rate for the Colorado Daily Vehicle Rental […]

The Ministry of Finance of the United Arab Emirates (MoF) has reaffirmed its plans for the previously announced E-Billing System project. The MoF just made available an e-invoicing website that defines the objectives of the e-invoicing project to reduce human intervention in business and tax reporting processes, optimize costs, and enhance security through encrypted transactions. This […]

Massachusetts is providing a 60 day Tax Amnesty Program from November 1, 2024 to December 30, 2024. The Tax Amnesty Program will be open to individual and business taxpayers who meet certain eligibility requirements. Most tax types will be eligible, including sales/use tax. Eligible taxpayers will be able to file delinquent or amended returns, pay […]