Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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Vermont Sales Tax Guide
This Sovos guide provides a comprehensive overview of Vermont's sales tax rules, covering the state's tax rates, nexus standards, taxable and exempt products and services, filing frequencies, and compliance requirements. It addresses economic nexus thresholds applicable to remote sellers following the Wayfair decision, registration with the Vermont Department of Taxes, and local tax considerations. The guide is designed to help businesses selling into Vermont understand their sales tax obligations, manage exemption certificates, and meet remittance and reporting deadlines effectively.
North Carolina Sales Tax Guide
This Sovos guide covers North Carolina's sales tax system, including the combined state and local tax rates, nexus standards for both physical and economic presence, taxable goods and services, exemptions, and compliance obligations. It addresses post-Wayfair economic nexus thresholds for remote sellers, registration with the North Carolina Department of Revenue, and filing frequencies and deadlines. The guide also highlights sector-specific considerations such as digital goods and manufacturing exemptions, helping businesses operating in or selling into North Carolina manage their sales tax responsibilities accurately.
South Dakota Sales Tax Guide
This Sovos guide details South Dakota's sales tax framework, notable as the state at the center of the landmark South Dakota v. Wayfair Supreme Court case that established economic nexus standards nationwide. The guide covers South Dakota's state tax rate, absence of local sales taxes, taxable products and services, exemptions, and compliance requirements. It explains economic nexus thresholds, registration with the South Dakota Department of Revenue, and filing and remittance obligations, providing businesses with a practical resource for managing sales tax compliance in the state.
Latindadd y CIAT celebran 15 años de colaboración para fortalecer la cooperación tributaria en América Latina y el Caribe
Latindadd and CIAT (Inter-American Center of Tax Administrations) are celebrating 15 years of collaboration aimed at strengthening tax cooperation across Latin America and the Caribbean. The partnership has focused on improving tax policy, combating tax evasion, promoting tax justice, and enhancing the capacity of tax administrations in the region. Their joint work has contributed to regional dialogue on fiscal transparency, progressive taxation, and international tax standards, reinforcing institutional frameworks that support equitable and efficient tax systems throughout Latin American and Caribbean countries.
Mass. Board Drops Home Value Over Restrictions, Flood Zone
A Massachusetts assessment board reduced a property's assessed value due to deed restrictions and its location in a flood zone. The case involves property tax valuation methodology, specifically how encumbrances and environmental risk factors should be reflected in assessed home values for local tax purposes. The board's decision to discount the valuation acknowledges that market value is materially affected by these constraints, with implications for how similar properties are assessed across the Commonwealth. The ruling highlights the role of appeals boards in ensuring equitable property tax assessments.
$30 Million in Tariff Relief Is Now Available for New York Farmers
$30 million in tariff relief funding is now available for New York State farmers affected by retaliatory tariffs on U.S. agricultural exports. The program, administered through the New York State Department of Agriculture and Markets, aims to offset financial losses incurred by farmers due to trade-related tariff impacts. Eligible agricultural producers can apply for grants to compensate for reduced revenues or increased costs stemming from tariff exposure. This initiative reflects state-level efforts to cushion the agricultural sector from the broader economic consequences of ongoing trade disputes and federal tariff policies affecting farm income and export competitiveness.
Saudi Arabia (KSA) — ZATCA Phase 2 Wave 24 Compliance by 30 June 2026
Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) has launched Phase 2 Wave 24 of its e-invoicing (Fatoorah) rollout, with affected taxpayers required to comply by 30 June 2026. Phase 2 mandates integration of taxpayers' systems with the ZATCA platform for real-time clearance and reporting of invoices. Wave 24 targets a new tranche of businesses meeting specified VAT revenue thresholds. Businesses must ensure their ERP and billing systems are integrated with the FATOORAH platform to issue compliant XML-format electronic invoices and receive clearance before invoices are considered valid.
Norway — SAF-T Financial v1.30 in Force; On-Demand Submission Model
Norway has brought SAF-T Financial version 1.30 into force, updating the standard audit file format used by tax authorities for on-demand submission of accounting data. The new version introduces technical and structural improvements to the schema. Norway operates an on-demand model, meaning businesses are not required to submit SAF-T files routinely but must produce them when requested by the Norwegian Tax Administration during audits or inquiries. Businesses and their software providers must update systems to ensure compliance with the v1.30 specification to avoid issues during tax authority data requests.
Fawtara Peppol Mandate Starts August 2026
A Peppol-based e-invoicing mandate branded 'Fawtara' is set to launch in August 2026, requiring businesses to issue electronic invoices through the Peppol network. The mandate standardises invoice exchange using the internationally recognised Peppol framework, promoting interoperability between buyers, suppliers, and tax authorities. Businesses must ensure their invoicing systems are Peppol-enabled and connected to an accredited access point before the deadline. The initiative aims to improve tax compliance, reduce fraud, and streamline VAT reporting through structured digital invoice data.
Statutory guidance: Reference document for authorised use: eligible goods and authorised uses
UK statutory guidance detailing eligible goods and their authorised uses under customs relief provisions. This reference document supports traders and importers in identifying which goods qualify for reduced or relieved import duty rates when used for specific authorised purposes under UK customs law. It is essential for businesses managing customs compliance post-Brexit, helping them determine eligibility conditions and ensure correct duty treatment. The guidance is maintained by HMRC and forms part of the broader UK Global Tariff framework governing customs reliefs.
Statutory guidance: Reference documents for The Customs (Reliefs from a Liability to Import Duty and Miscellaneous Amendments) (EU Exit) Regulations 2020
UK statutory reference documents for the Customs (Reliefs from a Liability to Import Duty and Miscellaneous Amendments) (EU Exit) Regulations 2020. These documents outline the legal framework under which businesses and individuals may claim relief from import duty liability following the UK's departure from the EU. The guidance covers various relief categories, conditions for eligibility, and procedural requirements. It is a key compliance resource for importers navigating the post-Brexit UK customs regime and claiming applicable duty reliefs.
Statutory guidance: Reference Documents for The Customs (Tariff Quotas) (EU Exit) Regulations 2020
UK statutory reference documents for the Customs (Tariff Quotas) (EU Exit) Regulations 2020, covering the administration of tariff rate quotas (TRQs) following Brexit. These documents provide importers with detailed information on quota allocations, eligible goods, reduced duty rates applicable within quota limits, and procedural requirements for claiming quota-based relief. Managing TRQs is critical for businesses importing goods at preferential duty rates, and these references form a core part of the UK's post-EU customs tariff architecture.
Bookkeeping Act Phase-In Complete; NemHandel by Default from July 2026
Denmark has completed the phase-in of its Bookkeeping Act, with NemHandel becoming the default e-invoicing infrastructure from July 2026. NemHandel, Denmark's national Peppol-based network, is now the standard channel for electronic invoice exchange for businesses subject to the Bookkeeping Act. The full phase-in means all covered entities must use digital bookkeeping systems capable of sending and receiving structured e-invoices via NemHandel. This marks the conclusion of a multi-year transition to mandatory digital accounting and e-invoicing standards aimed at improving VAT compliance and financial transparency.
France — E-Invoicing & E-Reporting Begin 1 September 2026
France's long-awaited mandatory e-invoicing and e-reporting regime is confirmed to begin 1 September 2026 for the first wave of large taxpayers. The reform requires B2B transactions to be exchanged via accredited Partner Dematerialisation Platforms (PDPs) using structured invoice formats, while e-reporting obligations cover B2C and cross-border transactions to provide VAT data to the French tax authority (DGFiP). The phased rollout will subsequently extend to mid-sized and smaller businesses. Companies must select a certified PDP and ensure ERP and billing systems are compliant before the September deadline.
Some Republicans Join Missouri Democrats in Push Against Income Tax Phaseout
A bipartisan coalition in Missouri, including some Republicans joining Democrats, is pushing back against the state's planned income tax phaseout. The initiative reflects growing concern about the fiscal impact of gradually eliminating the state income tax, which could significantly reduce state revenue. Opponents argue the phaseout would harm public services and disproportionately benefit higher earners, while proponents see it as a path to greater economic competitiveness. The unusual cross-party alliance signals meaningful legislative resistance to what had been a Republican-led tax reduction agenda in Missouri.
Could Initiative to Kill Washington’s ‘Millionaires Tax’ Also Kill the State’s Capital Gains Tax?
A Washington State ballot initiative aimed at repealing the new high-earner 'millionaires tax' may have broader legal implications, potentially threatening the existing capital gains tax as well. Legal analysts suggest the initiative's language and constitutional arguments could undermine the capital gains tax's legal footing, which has already faced court challenges. Washington has no traditional income tax, making both levies politically and legally contentious. The outcome could significantly reshape the state's revenue structure and set precedents for how such taxes are classified under the state constitution.
Maryland provides Washington County target redevelopment area sales and use tax exemption
Maryland has enacted a sales and use tax exemption targeting a specific redevelopment area in Washington County. The exemption is designed to incentivize economic development and revitalization within the designated target redevelopment zone. Businesses and activities within this area may qualify for relief from state sales and use tax obligations, providing a financial incentive to attract investment and stimulate local economic growth. This measure reflects Maryland's use of targeted tax incentives as a tool for regional development policy, offering meaningful tax savings to qualifying taxpayers operating within the defined geographic boundaries of the Washington County redevelopment area.
CRA Agents Answer Only 17% of Tax Questions Accurately: What Canadian Taxpayers Must Know About the Auditor General and Ombudsperson Reports
Canada's Auditor General and Ombudsperson reports reveal alarming deficiencies in the Canada Revenue Agency's taxpayer services, with CRA agents correctly answering only 17% of tax questions. The reports highlight systemic failures in taxpayer assistance, including long wait times, incorrect guidance, and inadequate support for Canadians navigating complex tax obligations. These findings raise serious concerns about CRA's accountability and the reliability of official tax advice. Canadian taxpayers are urged to seek professional tax counsel rather than relying solely on CRA helplines, and the reports call for significant reforms to improve service quality and taxpayer rights protection.
Sales tax advice for the second half of the year from former state auditors
Former state auditors offer sales tax compliance advice for businesses heading into the second half of the year. Drawing on their audit experience, the experts highlight common pitfalls such as nexus miscalculations, exemption certificate management, and filing errors that frequently trigger audits. The guidance covers proactive steps businesses should take to review their sales tax obligations, ensure accurate record-keeping, and address any gaps before year-end. The advice is particularly relevant for e-commerce and multi-state sellers navigating complex US sales tax rules following the South Dakota v. Wayfair decision.
Mandatory E-Invoicing Confirmed for 2029
The United Kingdom has confirmed mandatory e-invoicing will be implemented in 2029. This represents a significant shift in UK tax administration, requiring businesses to adopt electronic invoicing systems ahead of the mandate. The confirmation provides businesses with a timeline to prepare their systems and processes for compliance. This development aligns the UK with broader global trends toward digital tax reporting and e-invoicing mandates, following similar initiatives across the EU and other jurisdictions. Businesses operating in the UK will need to plan technology investments and process changes to meet the 2029 deadline.
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