Regulatory Analysis
At the Committee of Supply 2026, IRAS confirmed that Singapore’s GST InvoiceNow Requirement will progressively extend to all GST-registered businesses between 2028 and 2031. The mandate will require the GST registered businesses in scope to use InvoiceNow solutions to transmit invoice data to IRAS. Until now, the mandate has applied only to new voluntary GST […]
Beginning April 1, 2026, Maryland will implement a PaintCare Recovery Program. The program will impose various fees on the sale of architectural paint in the state to fund recycling and disposal. More information may be found here.
The Rhode Island Division of Taxation recently released Advisory 2026-05, providing updated guidance on Form 1099 filing requirements for Tax Year 2025. The most significant change is an expanded filing threshold. Beginning with Tax Year 2025, issuers must file Form 1099 with the Division of Taxation whenever income greater than $100 is reported, regardless of […]
Colorado has revised its non-wage withholding regulations, specifically for gambling payments, real estate withholding, and optional non-wage withholding. For gambling withholding, rule 39-22-604-2 has been added. The rule relies on statutory requirements for gambling withholding. The regulations make it clear the gambling withholding rate is 4%, that payors of winnings must register to open a […]
The Nigeria Revenue Service (NRS) issued a public notice in February 2026 announcing the continuation of the phased rollout of its E-Invoicing and Electronic Fiscal System (EFS), also known as the Merchant-Buyer Solution (MBS), to medium and emerging taxpayers. Following the go-live for large taxpayers (annual turnover above ₦5 billion, ~€3.1M) in November 2025, the […]
Togo’s Finance Law 2026 introduces a certified electronic invoicing obligation, establishing the legal framework for the digitalisation of tax administration in the country. According to the law, the obligation covers B2B transactions, applying to any VAT taxpayer delivering goods or services to another VAT taxpayer. A certified electronic invoice is defined as any invoice created, […]
The Value-Added Tax (VAT) rate changes, initially introduced in Belgium’s budget agreement, have been further modified. Proposed changes to the VAT rates for takeaway meals and sports and cultural events were expected to be enacted on March 1, 2026. The proposed rate changes were removed after a critical opinion by Belgium’s Council of State. The […]
The UAE Ministry of Finance has published three documents providing the first comprehensive operational guidance for the country’s Electronic Invoicing System. Released on 23 February 2026, these publications build on the regulatory framework established by Ministerial Decisions No. 243 and 244 of 2025 and give businesses the practical detail needed to prepare for compliance. What […]
The regulation extending the deadlines for submitting electronic accounting books (JPK_KR_PD) has been published in the Journal of Laws and entered into force on 20 February 2026. Extended deadlines For taxpayers subject to the standard CIT filing deadline: the end of the seventh month after the end of the tax or financial year (instead of […]
Sweden has taken first steps toward implementing the VAT in the Digital Age (ViDA) package, adopted by the EU Council in March 2025. The Swedish Government has issued a committee directive (Dir. 2026:9) commissioning a special investigator to assess how the ViDA rules should be transposed into national law. The investigation is scheduled to present […]
The Greek Ministry of National Economy & Finance and the Independent Authority for Public Revenue (AADE) have jointly announced an extension to the mandatory B2B e-invoicing go-live date for large businesses. The mandatory start date has been moved from 2 February to 2 March 2026, with a gradual implementation window running from 2 March to […]
The Instructions have been published to guide taxpayers on electronic invoicing contingency procedures, including the reasons for requesting contingency status, the methods for initiating and concluding such status, and the steps required to review the history of submitted requests.
France has formally adopted its 2026 State Budget Law, confirming several important amendments to the country’s upcoming B2B e-invoicing and e-reporting mandate. Following its publication in October 2025 as a draft, the law was officially approved on February 2, 2026, making the proposed changes legally effective. The adopted Budget Law largely aligns existing legislation with […]
The Internal Revenue Service has released Form 5498-ESA (Rev. December 2026), Coverdell ESA Contribution Information. The revised form converts to a continuous use format and is for use with 2026 information filed in early 2027. The form now includes a Calendar Year field requiring filers to specify the tax year. All references to specific tax […]
The Irish Revenue has issued a press release clarifying which businesses will be considered “large corporates” and included in Phase 1 of Ireland’s VAT Modernisation programme, scheduled for November 2028. As previously outlined, mandatory e-invoicing and reporting of invoice data for B2B domestic transactions by VAT-registered large corporates will start in Ireland in November 2028. Businesses […]
The IRS recently released a late-breaking update to Publication 5718, the IRIS A2A Electronic Filing Specifications for Processing Year 2026. This publication provides technical specifications for electronically filing information returns through the Information Returns Intake System (IRIS). The most critical change involves XML Schema Validation Errors. The publication now clarifies that transmissions rejected due to […]
The Rhode Island Department of Revenue recently found that sales of access to online databases should be subject to sales and use tax as this is considered the sale of vender-hosted prewritten computer software. In the decision, the Department noted that “searchability” (i.e., the ability to research/retrieve information) from a database is a main factor […]
The recent publication of Technical Notes on the linkage between electronic tax documents (DF-e) and financial transactions represents a significant step in the implementation of the split payment model under Brazil’s Tax Reform. Under this framework, the integration between invoicing and payment is now a mandatory requirement for the accurate calculation of tax liabilities and […]