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The U.S. election brought changes to many states’ tax rules

2016 Election Overview: new taxes, changes in existing rates and restrictions on implementation of new taxes

November 10, 2016, 5:44 pm EDT in Blog, Enterprise Sales Tax

Tuesday, November 8th was Election Day in the United States. Federal, state and local offices and ballot questions brought millions of American’s to the polls. As with every election there were results that were expected, some surprises and many changes that will impact the business community in the coming years.Sovos...

Special Delivery: Missouri and the Taxability of Delivery Charges

November 7, 2016, 8:00 am EDT in Enterprise Sales Tax

What is the taxability of delivery charges in Missouri?As a general rule, services are exempt from sales and use tax in Missouri unless specifically taxable by law. Delivery and freight services are not specifically identified as taxable services. Therefore, they are exempt from sales and use tax as standalone services.In...

Missouri Voters to Decide on a Constitutional Ban on Taxing Services

Missouri Voters to Decide on a Constitutional Ban on Taxing Services

November 4, 2016, 8:00 am EDT in Blog, Enterprise Sales Tax

Voters in Missouri are to decide on a Constitutional amendment restricting sales taxes on services. Synopsis: Missouri is voting on a constitutional amendment that could severely impact sales tax policy for generations. The Election This election season we are electing a new president, seats in the U.S. House of Representatives and Senate are up...

VAT country by country news

VAT country by country news summary for October 2016

October 31, 2016, 1:00 am EDT in Blog, Value-Added Tax

Welcome to the Sovos Compliance monthly summary of Value Added Tax news and insights curated and summarized by our Tax Research Team. Here is the country-by-country summary for October 2016.Belgium: VAT on Feminine Hygiene Products On October 5, 2016, a bill was introduced in the Belgian Chamber of Representatives which,...

European Union news overview for October 2016

VAT Updates – European Union news overview for October 2016

October 28, 2016, 1:00 am EDT in Blog, Value-Added Tax

Here is a summary of news and updates related to value-added-tax in the European Union during the month of October 2016. Publication of Draft Improvements to Cross-Border VAT Rules On October 7, 2016, the European Council published a set of draft conclusions regarding potential improvements to current VAT rules on cross-border transactions....

Vermont’s Exemption on Cloud Computing

Vermont’s Exemption on Cloud Computing

October 19, 2016, 6:00 am EDT in Blog, Enterprise Sales Tax, Value-Added Tax

Last year Vermont enacted legislation to be exempted from taxation sales of cloud computing (also known as remotely accessed prewritten software, Software-as-a-Service, “SaaS”, or ASP). A Brief Legislative History In 2010, Vermont issued a technical bulletin that interpreted existing law as imposing tax on prewritten software regardless of how the software was...

Tax Transparency at the G20

Tax Transparency at the G20: International Collaboration in Combatting Evasion

October 17, 2016, 10:42 pm EDT in AEOI Reporting, Blog, Value-Added Tax

The fight against tax evasion was front-and-center at the 2016 G20 Hangzhou Summit, which brought together twenty global leaders of the nations with the largest economies.In the wake of the “Panama Papers” leak earlier this year, tax transparency was slated to take on a much more significant role than it...

Tales from the 2016 IPT Sales Tax and VAT Symposia

October 6, 2016, 6:00 am EDT in Blog, Enterprise Sales Tax, Events, Value-Added Tax

Overview of common tax gap theme at the recent 2016 Sales Tax Symposium and the 2016 Value Added Tax Symposium, both sponsored by the Institute of Professionals in TaxationI recently had the distinct pleasure of attending both the 2016 Sales Tax Symposium and the 2016 Value Added Tax Symposium, both...