Regulatory Analysis
Under the approved amendments, the new compliance deadlines are as follows: 1 January 2027: Mandatory compliance for taxpayers subject to Corporate Income Tax (Impuesto sobre Sociedades) 1 July 2027: Mandatory compliance for all other obligated taxpayers, including self-employed professionals and entrepreneurs subject to Personal Income Tax (IRPF) The deadline of 29 July 2025 for software […]
Kansas re-released its K-99CSV specifications with a 1099-DA format, making it the first state to post custom 1099-DA (digital asset transactions) electronic filing specifications for tax year 2025 reporting. Kansas requires brokers to file Form 1099‑DA if the form reports Kansas income tax withholding or is required to be filed with the IRS. Kansas generally […]
Maine Revenue Services has finalized its electronic file specifications for tax year 2025 Forms 1099 and W-2G information returns. MRS expects to conform with the IRS transition to the Information Return Intake System (IRIS) XML format for Form 1099s beginning with forms issued for tax year 2026, due in 2027. This change aligns with the […]
The Inland Revenue Board of Malaysia has announced updates to its e-invoicing rules, introducing stricter field validations to enhance data integrity. Updated Field Validation Requirements The new validation rules apply to the following fields: Date fields: must use valid YYYY-MM-DD format; entries such as “N/A” will no longer be permitted Supplier’s Bank Account Number: must […]
The Ohio Department of Taxation has released updated electronic filing specifications for tax year 2025 covering Forms 1099-R, 1099-NEC, and 1099-MISC. All specifications follow the IRS Publication 1220 layout and share a February 2, 2026 filing deadline. The specifications include changes to the reporting thresholds for Forms 1099-NEC and 1099-MISC. Ohio now only requires reporting […]
The Social Security Administration (SSA) has revised publications EFW2 and EFW2C, respectively providing electronic filing direction for forms W-2 and W-2c. The revised publications, effective for tax year 2025, make a number of biographic and contact elements required where the specifications previously did not require them. The following elements are now required for electronic filing […]
Earlier this year, Manitoba passed their budget for 2025-2026, which includes provisions to impose the retail sales tax on cloud computing services (e.g. SaaS, IaaS, PaaS). Examples of such services include software subscriptions, data storage services, and remote computer processing services. More information may be found in Bulletin 033.
Bhutan is officially implementing their Goods and Services Tax beginning January 1, 2026. GST will be imposed at a rate of 5%, which is reduced from the original proposed rate of 7%. Non-resident businesses with an annual taxable supply of more than 5,000,000.00 BTN are required to register for GST. Non-resident marketplaces and suppliers of […]
Following our previous update on the postponement of Phase 2 implementation, the Greek Independent Authority for Public Revenue (AADE) has now formally enacted the changes and brought Phase 2 into production. This formalizes the timeline previously announced in a press release, with mandatory compliance beginning May 1, 2026. myDATA Production Environment Updated On December 8, […]
The Israeli Tax Authority has issued VAT Implementation Order 01/2025, confirming the accelerated implementation timeline for the invoice allocation number system under the Israeli CTC (Continuous Transaction Controls) Invoice Model. The new order validates the expedited thresholds established earlier in 2025 by the Law for Achieving Budgetary Goals and Implementing Economic Policy for the 2025 […]
The Inland Revenue Board of Malaysia (IRBM) has published an updated version of the e-Invoice Guideline and the e-Invoice Specific Guideline increasing the exemption threshold from RM500,000 to RM1 million annual turnover/revenue. This change exempts the smallest category of taxpayers from mandatory e-invoicing compliance. What’s changing? Previous exemption: Taxpayers with annual turnover or revenue of […]
The Bizkaia Provincial Council (Diputación Foral de Bizkaia) has published Decreto Foral 100/2025 of 13 November, introducing changes to tax compliance obligations including new exemptions from TicketBAI requirements for certain entities. TicketBAI Exemptions for Non-Profits and Exempt Entities Effective 1 January 2026, entities with total or partial Corporate Income Tax exemptions and registered non-profit organisations […]
Belgium has published an updated draft law covering multiple VAT-related topics, including changes to the B2B e-invoicing mandate, just weeks before the 1 January 2026 implementation date. The updates address practical implementation concerns and align Belgian legislation with recent EU developments, particularly the ViDA Directive adoption. What’s Changed Non-Established Entities Formally Excluded The draft law now […]
The Polish Ministry of Finance has announced that token generation functionality will be available in the Module for Certificates and Permissions (MCU) by 10 December 2025. This allows taxpayers to generate KSeF 2.0-compatible authentication tokens for the Production environment ahead of the mandatory e-invoicing launch on 1 February 2026. Tokens are used as one of […]
The Belgian Tax Administration (FOD Financiën) has announced a three-month grace period for the country’s mandatory B2B e-invoicing requirement, which takes effect 1 January 2026. Over half a million Belgian companies have already adopted e-invoicing solutions. However, authorities recognize that some businesses may face technical hurdles beyond their control during the initial implementation phase. Grace Period […]
On 2 December 2025, the Spanish Government announced a further one-year postponement of the VERI*FACTU certified billing system deadlines. The measure was announced by President Pedro Sánchez during a radio interview on RAC1 and subsequently confirmed by Ministry of Finance (Hacienda) sources to press agencies. The postponement forms part of a Royal Decree-Law (Real Decreto-Ley) […]
The Oman Tax Authority (OTA) has released the first version of the e-invoicing data dictionary to selected taxpayers as part of the Fawtara project consultation phase. The authority also conducted workshops providing insights into the implementation roadmap and addressing technical questions. The Data Dictionary defines standard data elements for compliant electronic invoices, covering business terms, […]
The Polish Ministry of Finance has published errata to the informational brochures for JPK_KR_PD (Accounting Books) and JPK_ST_KR (Fixed Assets Records) structures. They clarify the taxpayer categories for the phased implementation of these reporting obligations. The key clarification specifies that the second implementation wave applies to taxpayers obliged to submit JPK_V7M files (monthly VAT filers), […]