Regulatory Analysis
The Puerto Rico Internal Revenue Code provides for a periodic sales tax holiday for certain hurricane preparedness items. Historically, the holiday occurs during the last Friday, Saturday and Sunday in May. However, for 2025 those dates were initially revised via Circular Letter No. 25-09 issued on April 29. For the second time, Puerto Rico is revising the […]
Arkansas has reduced its W-2 electronic filing threshold from 125 to 75 employees, effective for tax year 2025 returns filed in 2026. Under Senate Bill 503, signed by Governor Sanders on April 14, employers with 75 or more employees will be required to file W-2 forms electronically. Additionally, beginning with tax year 2026, there will […]
Indiana recently enacted HB 1001, increasing the rate of the Electronic Cigarette Tax from 15% to 30%, effective July 1, 2025. The tax is imposed on the retail sale of certain consumable material and vapor products.
In a strategic push toward digital transformation, the Sultanate of Oman is preparing to roll out a national electronic invoicing (e-invoicing) system as part of its broader efforts to modernize tax administration. This initiative, led by the Tax Authority, aims to simplify compliance, reduce administrative burdens, and align Oman’s tax systems with international digital standards. […]
The French authorities have published the official standards issued by AFNOR (the French Association for Standardization) regarding the structure and format of invoice messages and their lifecycle statuses. These standards aim to harmonize data exchanges within the French e-invoicing ecosystem. They define the required formats and technical specifications for message flows between Partner Dematerialization Platforms […]
The Bulgarian National Revenue Agency (NRA) has published the official SAF-T XML schema and accompanying technical documentation in preparation for the upcoming SAF-T mandate, scheduled to start in January 2026. A 30-day public consultation is also announced. The NRA invites stakeholders to submit their proposals, opinions and comments via e-mail. The Bulgarian SAF-T mandate will […]
On 8 March 2025, the Ministry of Finance of the Republic of Serbia published the Rulebook on Electronic Delivery Notes (Pravilnik o elektronskim otpremnicama) in the Official Gazette RS No. 21/2025. This follows the adoption of the Law on Electronic Delivery Notes (Zakon o elektronskim otpremnicama), which was published in Official Gazette RS No. 94/2024. […]
The Latvian Parliament (Saeima) is currently considering a proposal to postpone the mandatory B2B e-invoicing go-live date by one year, from 1 January 2026 to 1 January 2027. The proposal was submitted on 15 April 2025 by the parliamentary group United List as an amendment to the Law on Accounting. If adopted, the revised implementation […]
Virginia recently enacted budget bill HB 1600. The legislation includes an extension of the Virginia sales tax exemption for certain bullion and legal tender coins to July 1, 2026.
Indiana recently enacted HB 1601, the legislation exempts the sale of qualified data center equipment, quantum computing research tools, advanced computing devices, and defense infrastructure equipment from sales tax which meet certain qualifying criteria. More information concerning the legislation may be found here.
The Polish Ministry of Finance (MoF) has published a new draft version of the FA(3) logical structure for the National e-Invoicing System (KSeF) on 8 May 2025. The key changes in the FA(3) draft, compared to the FA(2), are the following: Technical Changes – Updates to code formats, schema variants, and data types. For example, […]
The Federal Board of Revenue (FBR) of Pakistan has issued a notification extending the previously announced deadlines for mandatory e-invoicing integration with the FBR’s centralized system. New Extended Deadlines The revised timeline for compliance is as follows: Corporate registered persons must integrate their systems and begin electronic invoicing by 1 June 2025 Non-corporate registered persons […]
North Dakota recently enacted HB 1139, which provides a sales tax exemption for gross receipts from sales made to fire departments. The legislation is effective beginning July 1, 2025.
At the close of 2024, New Jersey unveiled a plan to modernize its electronic tax systems through a multi-phased implementation of the new NJ Tax Portal. The NJ Tax Portal will serve as a comprehensive, stand-alone application encompassing all tax types once fully rolled out. The state recently provided key details and deadlines for Phase […]
New York recently released the new and improved version of NYS-45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return). The updated form must be used for all quarterly starting on or after March 1, 2025. The updated form reflects significant changes to New York’s withholding requirements that were implemented in March 2025. Under the […]
After considerable opposition from the Democratic Alliance and several smaller political parties the South African Government has announced that it is cancelling its planned VAT increase. The government originally announced a plan to increase its VAT rate to 15.5% on May 1st and to 16% in 2026. On April 24th the Finance Ministry issued a […]
The Federal Board of Revenue (FBR) of Pakistan has issued notification S.R.O. 709(I)/2025 mandating electronic integration of hardware and software systems for registered persons under the Sales Tax Act, 1990. This integration will require businesses to connect with the FBR’s computerized system through licensed integrators or PRAL (Pakistan Revenue Automation Limited) to generate and transmit […]
Arkansas recently passed HB 1685 which removes the state sales tax on food and food ingredients effective January 1, 2026. Local level sales tax will continue to apply in Arkansas. More information on this upcoming change can be found here.