FATCA Roundup

Global Updates: June 25 – July 1, 2016

July 1, 2016, 12:20 pm EDT in Blog, Global Information Reporting

Over the past week, countries around the world continued to release more information about and changes to FATCA, CRS, and CDOT regulations. Take a look at our roundup below of the latest global updates, compiled by our Sovos team of tax experts. Finland Publishes CRS & DAC2 Detailed Instructions (Finnish Draft) Finland recently...

London VAT automation event

With Brexit a Reality, Multinational Organizations Should Begin Planning for the Future

June 30, 2016, 4:26 pm EDT in Blog, In the News, News, Value-Added Tax

In an interview with Spend Matters this week, Andy Hovancik, CEO of Sovos Compliance, advised businesses to take time to think through the implications of Brexit and assess how their business may be affected. The next step is to put mitigation plans in place for how your organization will respond...

Brexit Changes

Eight Ways Tax Changes Could Affect Businesses in the UK and Europe after Brexit

June 29, 2016, 12:20 pm EDT in Blog, International Tax Compliance

In the wake of the UK’s unprecedented decision to leave the European Union, multi-national companies are left wondering, “What does it mean for us?”The good news is businesses will likely have at least two years to prepare, and potentially longer if the UK delays the process until October to select...

VAT Compliance Updates

Free White Paper: The Trouble with VAT Triangulation Transactions

June 29, 2016, 9:00 am EDT in Blog, Value-Added Tax

When the European Commission abolished the internal fiscal borders of the European Union in 1992, they were quite aware of one particularly difficult matter - drop shipments. These are “triangular” transactions where the buyer is different from the recipient, also known as, when the bill-to party is different from the...

VAT compliance changes

Recent VAT Compliance Updates: July 2016

June 27, 2016, 5:00 am EDT 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....