Regulatory Analysis

  • Malaysia Revises GST Standard Rate

    As a part of the tax restructuring plan of the Malaysian Prime Minister, P.U. (A) 118 has been published today, which changes the GST standard rate in Malaysia from 6% to 0%.

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  • Mexico Allows Temporary Penalty Waiver for 2017 CFDI of Nomina

    The Tax Administration Service of Mexico (SAT) has announced that it will allow, until May 15, 2018, the correction of CFDI of Payroll (CFDI de Nomina) issued during 2017.

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  • Malaysian Prime Minister Announces Desire to Abolish GST

    Over the May 12, 2018 weekend, the Malaysian Prime Minister announced his intent to follow-through with his plan to abolish the current Goods and Service Tax in Malaysia.

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  • Georgia to Tax Internet Sales

    Beginning January 1, 2019, the State of Georgia will require online retailers who meet certain economic thresholds to collect and remit sales tax to the Georgia Department of Revenue.

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  • European Council Clears Way for Italy e-Invoicing Requirement

    On April 16, 2018, the European Council approved Italy's derogation request from the EU VAT Directive, bringing Italy one step closer to implementing its mandatory e-Invoicing requirement.

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  • Dominican Republic to Adopt e-Invoicing Mandate in 2019

    The Director of the Dominican Tax Administration (DGII) announced that they will begin implementing an electronic invoicing (e-Invoicing) mandate, with a pilot study kicking off in January 2019.

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  • Kentucky Enacts July 1 Sales Tax Changes

    Bill revises definition of “sales price” and “gross receipts” to include amount charged for labor or services rendered in installing or applying the tangible personal or digital property or service.

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  • Wisconsin Enacts Back-to-School Sales Tax Holiday

    Wisconsin enacted legislation which creates a one-time sales tax holiday between August 1, 2018 and August 5, 2018 for certain school supplies based on cost.

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  • Oklahoma to Initiate Sales Tax Changes for Internet Sellers and Marketplaces

    Oklahoma recently passed a law intended to capture sales and use tax for purchases over the internet.

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  • Alabama Makes Changes Related to Remote Entity Nexus and the Simplified Sellers Use Tax

    An eligible seller participating in the Simplified Sellers Use Tax Remittance Program that acquires an in-state business, may elect to continue participation in the program.

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  • Wyoming Ends Taxation of Gold and Silver Coins, Bullion

    The Governor of Wyoming recently signed a bill to end the taxation of gold and silver coins and bullion.

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  • Ohio Enacts Permanent Sales Tax Holiday

    The Ohio General Assembly has passed Senate Bill 226, which will institute a permanent three-day sales tax holiday in the State of Ohio.

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  • Idaho to Begin Taxing Internet Sales July 1, 2018

    The Governor of Idaho has recently signed HB 578, a bill expanding which remote retailers will be required to collect, remit and report sales tax to the state beginning July 1, 2018.

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  • Guam Introduces Sales Tax

    Governor of Guam signs bill to establish sales tax. This sales tax, an island first, will be imposed upon all sales of tangible personal property and many services effective October 1, 2018.

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  • UK-EU Draft Withdrawal Agreement Published

    On March 19, the UK published first draft of a withdrawal agreement, although not finalized, indicates that for value-added and excise taxes, much of the status-quo with the EU will remain until 2021.

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  • UK Finance Act 2018 Finalized

    On March 15, 2018, Finance Act 2018 was granted Royal Assent by the UK Parliament that makes several changes to direct and indirect taxation in the UK.

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  • New Arizona Pinal County Rate Survives Judicial Challenge

    While the legal challenge continues, on March 23 the Arizona Tax Court officially declined to issue an order immediately barring enforcement of the Transportation Excise Tax.

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  • China to Lower Select VAT Rates on May 1

    At the Executive Meeting of the State Council held on March 28, Premier Li Keqiang announced additional VAT reform measures directed towards easing the overall tax burden for taxpayers.

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  • Florida Enacts Back-to-School and Disaster Preparedness Sales Tax Holidays

    Florida enacts new disaster preparedness sales tax holiday between June 1, 2018 and June 7, 2018 that exempts sales of portable flashlights, radios, generators, tarps and batteries from sales tax.

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  • Quebec, Canada Tables 2018-2019 Budget

    Québec National Assembly's key announcement with respect to Québec Sales Tax (QST) requires businesses located outside Québec to register and collect the QST for certain supplies to consumers.

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