Flexible integration solutions streamline business operations while meeting tax and regulatory demands (ATLANTA) April 10, 2024 – Sovos, the always-on compliance company, today announced the availability of an enhanced Connector Marketplace, making it more efficient for customers and partners to connect to Sovos’ Compliance Cloud. Through these connectors, companies can
Online wine marketplaces are a way for consumers to purchase many of their favorite brands with a few clicks, and often enjoy discounted or included shipping to boot. But state regulators are starting to take note of their shipping practices. States like Ohio are arguing that these web shops are
Effective 22 June 2023, electronic distribution platforms (EDP), such as a website, internet portal, online store, or online marketplace, are required to charge and collect VAT on the sale of remote services and electronic services made to Egyptian consumers through their platforms. Remote services are services that at the time
D’Amazon à Etsy, un nombre croissant d’entreprises utilise des markeplaces pour s’ouvrir à de nouvelles opportunités commerciales et augmenter leurs ventes. Cependant, les règles relatives à la TVA et aux marketplaces ne sont pas toujours claires et face aux géants du e-commerce, vous pouvez craindre de sauter le pas et de faire
12/7/2022 Governor Parson signed SB 153 in 2021 which, among other provisions, enacted marketplace rules to come into effect on January 1, 2023. Missouri is the final US state to enact marketplace rules. Beginning January 1, 2023, marketplace facilitators will be liable to collect and remit sales and use tax
From Amazon to Etsy, an increasing number of companies are using online marketplaces to open doors to business and customer growth. Unfortunately, the rules around VAT and online marketplaces are not always clear and you may be worried about taking the plunge or worse, being on the receiving end of
Effective July 6, 2022, OH SB 272, establishes mandatory disclosures by high-volume third-party sellers using online marketplaces. “High-volume third-party sellers” must disclose to a marketplace the seller’s bank account number, contact information, and tax identification number. A high-volume third-party seller is a participant on an online marketplace’s platform that is
On March 17, 2022, Colorado Governor Jared Polis signed CO 1099 establishing mandatory disclosures by high-volume third-party sellers using online marketplaces. Effective January 1, 2023, “high-volume third-party sellers” must disclose to a marketplace the seller’s bank account number, contact information, and tax identification number. A high-volume third-party seller is a
The EU E-Commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS) bring significant changes to VAT treatment and reporting mechanisms for sales to private individuals in the EU. Our recent webinar, Back to Basics: The EU E-Commerce VAT Package, discussed the
Marketplace Tax Liability Requirements Table Sovos has put together a marketplace facilitator sales tax collection requirements table to keep marketplace sellers informed of each state’s effective and pending remote sales tax collection legislation and responsibilities based on physical or economic nexus status. Contact Us for A Free Evaluation of Your
Maine’s governor recently signed LD 1216 into law. This bill provides that on or after January 1, 2022, economic nexus will no longer require 200 separate transactions. Entities with gross sales exceeding $100,000 in the current or previous calendar year must continue to register, collect and remit sales and use
On December 8, 2020. The Puerto Rico Secretary of Hacienda signed Regulation 2020-9237 expanding sales tax collection requirements to include Remote Sellers and Marketplace Facilitators effective 1/1/21. Businesses that have at least $100,000 in gross sales or 200 individual sales transactions during any preceding 12-month period have an obligation to
The United Kingdom’s HMRC has issued new guidance on the VAT treatment of cross-border sales of goods and online marketplaces beginning 1 January 2021, following the end of the transition period. Cross-Border Sales under £135 New rules will apply when a business sells goods for £135 or less to a
North Carolina enacted legislation to remove economic thresholds applied to marketplace facilitators. Previously, marketplace facilitators were required to collect and remit sales tax on their marketplace-facilitated sales if they had gross sales in excess of $200,000 or 200 or more separate transactions in the previous calendar year. Effective July 1,
Tennessee recently enacted legislation requiring marketplace facilitators that meet certain thresholds to collect tax on behalf of their marketplace sellers. Marketplace facilitators must collect tax when they facilitate total sales of more than $500,000 to consumers in Tennessee during the previous 12 months. Additionally, marketplace facilitators must source sales of
In an interesting (but not earth shattering) development, on January 29, 2020 the Louisiana Supreme Court held that Jefferson Parrish could not hold Walmart.com liable to collect and remit sales tax on transactions made by third party sellers through their online platform. In short, Walmart.com is not a “dealer” as
A new bill making its way through the Hawaii legislature could impose tax on remote motor vehicle rental marketplaces. The proposed law would deem certain motor vehicle rental marketplaces (such as those popular on online travel websites) to be lessors and operators responsible for the collection and remittance of motor
Georgia has enacted marketplace legislation under HB 276. Effective April 1, 2020, marketplace facilitators are responsible for collecting and remitting Georgia sales and use tax when their sales equal or exceed $100,000 in the previous or current calendar year. Facilitated sales and sales made directly by the marketplace facilitator both