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SHRM takeaways

SHRM Conference Takeaways: Information, Education and Learnings

July 14, 2016, 1:05 pm EST 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 EST 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...

FATCA Roundup

Global Updates: June 25 – July 1, 2016

July 1, 2016, 12:20 pm EST 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 EST 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 EST 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 EST 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...