Sovos State of Compliance Newsletter
October, 2015
EVOLUTION OF PUERTO RICO'S MUNICIPAL SALES AND USE TAXES.

The Puerto Rican indirect tax system has gone through a remarkable number of changes during the last 10 years. Back in 2004, the expansion of the fiscal deficit of the Commonwealth and the cities of Puerto Rico started to become unbearable for the government and a serious source of concern...

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WEBCAST: SALES TAX BASICS FOR THE IT PROFESSIONAL.

If you are an IT professional tasked with supporting the sales tax automation function for your organization, this may be the exact session for you! Join us on Wednesday, November 11th at noon eastern as representatives from the Tax and IT departments at Sovos Compliance discuss:

  • What exactly makes sales tax so complex
  • The importance of applying regularly scheduled content updates
  • The importance of supplemental updates

Register for our webinar to learn more

Avoid Errors with Exemption Certificate Management.
In today’s complex business world, it is crucial that your company’s systems are integrated to ensure information is captured and utilized correctly and in the most efficient way possible. Regardless of what products or services you are providing to your customer base, managing your sales and use tax exemptions is a critical part of ensuring you are meeting your tax compliance obligations.

Exemption Certificate Management
(ECM) is a process that often does not receive the attention that it should. How well are you managing your EMC process? Download our newest smart brief to learn the basics of ECM.
JAPAN AND THE CROSS-BORDER SUPPLY OF ELECTRONIC SERVICES.

Growing Trends in the Digital Economy: Japan and the Cross-Border Supply of Electronic Services The Destination Principle The fusion of globalization and digital commerce has sparked a trend in the world of indirect taxation.

Effective October 1, 2015, Japan became the latest country to adopt the “Destination Principle” for the cross-border supply of electronic services, joining others such as the European Union and South Korea in this practice. 

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ACA: BE PREPARED AS MANDATORY REPORTING LOOMS ON THE HORIZON.
With less than 100 business days until the mandatory reporting deadline arrives for ACA 1094 and 1095 forms, it is critical that human resource (HR) departments implement an ACA reporting solution to deal with this new and complex tax obligation. But what exactly is involved? Learn more about how Sovos Compliance can help you be compliant.

WEBCAST: 5 REASONS AUTOMATION CAN IMPROVE YOUR VAT COMPLIANCE PROCESS.

Sovos Compliance will present the business case for VAT automation, helping you gain control of your VAT compliance process and mitigate the risks from beginning to end.
This hour long webinar will focus on: 
  • Issues associated with manual VAT processing
  • 5 business drivers for optimized VAT compliance through automation
  • Capabilities of modern VAT automation tools
  • How VATware can integrate and solve complex VAT scenarios
Register today to learn more about the benefits of VAT automation and how Sovos Compliance can help enable your organization to operate more efficiently through our VAT technology solutions.

UPCOMING EVENTS.

  • Oracle Open World – Oct 25-29, San Francisco, CA. Come see us at Booth #2030.

  • SovosCon - Oct 28-30, San Diego, CA

  • NRF's Retail Big Show, Jan 17-20, New York, NY

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