VAT Compliance Updates

Recent VAT Compliance Updates: August 2016

July 25, 2016, 11:29 am EDT in Blog, Value-Added Tax

Here at Sovos, we are committed to keeping current with VAT compliance updates from around the world. Check out these recent changes compiled by our dedicated expert research team. European Union European Commission Launches Consultation on Electronic PublicationsThe European Commission has asked interested parties to share their views on the VAT treatment of electronic...

Texas Capital

1099 Client Success Story: Texas Capital Bank

July 20, 2016, 10:38 am EDT in Blog, Tax Information Reporting

Many organizations, like Texas Capital Bank, struggle with handling their tax reporting obligations. It is a necessary function that can easily be overlooked because revenue producing initiatives come first. However, failing to properly handle these requirements can end up costing you more, put you at risk for incurring large penalties,...

gulf coast VAT

Sovos Interviewed in Gulf News Journal About Gulf Coast VAT

July 18, 2016, 10:17 am EDT in Blog, In the News, News, Value-Added Tax

On July 12, 2016, Gulf News Journal, an online news journal covering business and innovation in the Gulf Region, published an article highlighting how Sovos Compliance understands how implementing a value added tax (VAT) system in the member of states in the Gulf Cooperation Council (GCC) may affect businesses in the region...

SHRM takeaways

SHRM Conference Takeaways: Information, Education and Learnings

July 14, 2016, 1:05 pm EDT in Affordable Care Act, Blog

Recently, we were at the SHRM Annual Conference & Exposition 2016 in Washington D.C. The three days offered HR and Benefits professionals all types of opportunities for learning, hearing from industry experts and a chance to network and share their experiences concerning the first year of mandatory ACA reporting. Based...

OECD crs

OECD Releases CRS XML Schema and User Guide

July 13, 2016, 10:45 am EDT in Blog, Global Information Reporting

The OECD (Organisation for Economic Cooperative Development)  has released its schema for providing feedback related to CRS filings. This schema provides the standardized IT format by which error messages and notifications for incorrect or incomplete information will be sent between the Competent Authorities.As the OECD states, "With the first exchanges...