The LOC’s Tax Accommodation Subcommittee has proposed ebilling format changes on two projects:
The first project concerns extending the number of cursor columns to the right of the decimal separator for the tax rate. Changes have been proposed to LEDES 98BI, XML 2.0 and XML 2.1.
The second project is a complex solution to support Tiered Tax, which is seen in a Japanese Withholding Tax. The solution proposes a new format, XML 2.2, which builds on XML 2.1 by adding 2 additional segments and 13 data points.
Click here for more information. A survey to collect feedback on these proposed format changes has been posted for public comment and will close on 8 September, 2019.