Regulatory Analysis
Oregon recently released its W-2 Specifications and 1099 Specifications for tax year 2022. Besides date and minor grammar changes, there were no changes to the specifications. Please see W-2 Specifications here. Please see 1099 Specifications here.
Indiana has published updated W2 and WH3 electronic filing requirements. There have been no changes to W2 filing specifications Indiana has made some additions to W2 and WH3 electronic filing requirements. An extension request to file for WH3 must be made by Jan 31 by submitting Form 8809. All extension requests must be made through […]
Illinois Published 2022 W-2 and W-2C Electronic Transmission Program Guide. Besides year updates and formatting changes, error code descriptions have been updated. There are no other changes. To view the specifications, click here.
The Saudi Arabian Tax and Customs Authority, ZATCA, has launched a “Cancellation of Fines and Exemption of Penalties initiative” for fines regarding late registration in all tax systems, late payment, late filing of returns fines in all tax systems, and fines to correct VAT returns, as well as fines for violations of VAT field control […]
As previously announced, the Serbian Minister of Finance published the Draft Law on Amendments to the Law on Electronic Invoicing on the 9th of November, alongside the Draft Laws on Amendments to the Law on Value Added Tax, Law on Fiscalization, and Law on Tax Procedure and Tax Administration. The changes introduced to the Law […]
The Serbian Minister of Finance (MoF) published the draft Law on Amendments to the Law on Fiscalization. The Law of Fiscalization regulates the so called “Fiscalization”, which is the procedure of fiscalization of the content of the fiscal account through an electronic fiscal device. The amendments to the Law on Fiscalization impacting the future e-invoicing […]
On the 1st of December the Ministry of Finance published draft legislation amending the Act of 11 March 2004 on tax on goods and services (Journal of Laws of 2022, item 931, as amended) – hereinafter referred to as the “VAT Act” regarding the introduction of mandatory invoicing in the National e-Invoice System (KSeF) hereinafter […]
The SAT published the Second Anticipated Version of the Tenth Resolution of Modifications to the Miscellaneous Tax Resolution for 2022 which establishes the possibility of issuing CFDI in its version 3.3 and the CFDI that covers withholdings and payment information in its version 1.0, until March 31, 2023. The foregoing is also applicable to the […]
The Lithuanian Ministry of Economy and Innovation announced its plans to build a technological solution that will support the transmission of electronic invoices by the European standard for electronic invoices. According to the project plan announced by the Ministry, the platform is expected to be available free of charge to businesses for at least five years and be ready […]
German government has previously announced its ambition to introduce a uniform nationwide electronic reporting system that will be used for the issuance and validating of invoices as well as forwarding them to buyers. German ministry of finance announced during the IDSt-Conference Digital Transformation in VAT held on 16th of November 2022 that Germany has applied for […]
On November 9, the Serbian Ministry of Finance published a Draft Law on Amendments to the Law on Electronic Invoicing. The main changes concern: Scope: Natural persons who are not liable for income tax from self-employment in the sense of the law governing personal income tax will be excluded from the provisions of this law. […]
New Zealand is implementing changes to its GST invoicing and record keeping requirements, which are set to enter into force from April 1, 2023. These changes include: The use of tax invoices will be replaced by a more general requirement to provide and keep certain records known as taxable supply information. Terminology: […]
On 23 September 2022, Law 4972/2022 was published in the Official Gazette of Greece, amending the provisions of Law 4601/2019 that establish the framework concerning electronic invoicing in public contracts. According to amendments, economic operators must submit electronic invoices following the European standard for issuing electronic invoices for the execution of public contracts, which entails a […]
The National Superintendence of Customs and Tax Administration of Peru (SUNAT) published a draft resolution to allow the issuance of electronic invoices for foreign tourists. The draft resolution modifies the Payment Voucher Regulations, as well as the regulations on the electronic issuance of payment vouchers to allow the issuance of invoices for sales made by […]
The National Directorate of the Internal Revenue Service of Ecuador published resolution DGERCGC22-00000052 by virtue of which the electronic invoicing of land transport operators throughout the country, except taxis, will be made possible. With this regulation change, the partners, or shareholders of commercial transport operators, except taxis, may be designated as exclusive points of issuance […]
The French authorities published new legal documentation that provides details on the overall French Mandate requirements. Some of them, especially with regard to the obligations of the Partner Dematerialization Platform (PDP) operators and e-reporting deadlines, were long-awaited. Decree No. 2022-1299 provides requirements and obligations of the Partner Dematerialization Platform (PDP) operators and the Invoicing Public Portal (PPF), the […]
The Italian Revenue Agency has now released version 1.8 of the Compilation Guide of the Electronic Invoice and Esterometer (Guida alla compilazione FE ed esterometro). The updates reflect the latest changes in the FatturaPA technical documentation, valid from 1 October 2022, of which the main point is the inclusion of the new Type of Document […]
The Legislative Assembly of El Salvador has recently approved Decree 487 with relevant reforms to the Tax Code, introducing the initial and general legal framework for its mandatory electronic invoicing system, for which there is currently no provision under the country’s tax legislation. The Decree defines the different types of Electronic Fiscal Documents (Documentos Tributários […]