Regulatory Analysis

Effective June 1, 2025, Republic Act No. 12023 amends the Philippine Tax Code so that nonresident digital service providers (DSP) will be liable for 12% VAT on digital services consumed in the Philippines. The law defines digital services broadly and may include any service that is supplied over the internet or other electronic network including […]

12/7/2022 Washington’s Statewide 988 behavioral health crisis response & suicide prevention line tax is scheduled to increase from $0.24 to $0.40 beginning January 1. The tax applies on every retail sale of a prepaid wireless service. The tax also applies on every switched access (wireline) line, radio access (wireless) line, and Voice over Internet Protocol […]

The IRS has revised Form 1099-INT to be a continual use form. This change will eliminate year-to-year revisions of the form, bar fundamental changes to the form or its reporting. There are no changes to the reporting obligation for the form. A number of editorial changes were made to the form and its instructions in […]

The Immediate Supply of Information (SII) version 1.1 has been updated to version 1.1-Bis. The changes will be effective from January 1, 2021. The Spanish tax administration, the AEAT, has introduced new fields required for sales under the consignment of goods regime. The ledger of invoices issued, and the ledger of invoices received are also affected […]