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VAT compliance changes

Recent VAT Compliance Updates: July 2016

June 27, 2016, 5:00 am EST in Blog, Value-Added Tax

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 research team. European Union Council Adopts VAT Rules on VouchersOn June 27, 2016, the Council of the European Union adopted a directive aimed at harmonizing VAT rules for vouchers....

Arizona flag

The Challenges of Simplification – Transaction Privilege Tax Reporting in Arizona

June 20, 2016, 10:09 am EST in Blog, Indirect Tax

The Arizona Department of Revenue (DOR) has been working toward the objective of simplifying the way that taxpayers report the Arizona Transaction Privilege Tax (TPT) for all localities (program and non-program) within the state. Arizona intended for the state DOR to become the single point of licensing, filing and payment...

FATCA Roundup

Weekly FATCA Update: June 11-June 17, 2016

June 17, 2016, 12:16 pm EST in Blog, Global Information Reporting

This week's global update focuses primarily on FATCA with one CDOT press release and alternative reporting regime template change announced by the HRMC for Bermuda. Check out the compilation this week from our expert research team. (Btw, last week's rumblings about the IRS changing the withholding requirement deadline was just that,...

IRCE

What We Learned at IRCE 2016

June 15, 2016, 9:40 am EST in Blog, Indirect Tax

From June 7-9, Sovos was at the Internet Retailer Conference and Exhibition (IRCE) in Chicago. Technology solutions abounded over this three-day conference, solving everything from order management to email campaigns.One common thread in the breakout sessions and exhibition hall was: Automate! Retailers are looking to accomplish more with fewer resources...

beverage tax

Yukon, Canada Expanding its Beverage Container Regulations

June 14, 2016, 10:30 am EST in Blog, Indirect Tax

Effective August 11, 2016, the Province of Yukon, Canada is expanding and complicating the scope of its beverage container regulations.By way of background, Canadian provincial beverage rules usually provide a distinction between beverage containers greater than 1 liter (L) and those less than a liter. For example, in Alberta, most...