Blog

Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape

Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so.  Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax […]

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Growth is great – but is your approach to tax keeping up?

When business is booming, the last thing you want to do is focus on tax liability.  But as you expand, so does complexity. Moving into new geographic areas or creating new products and services will likely affect your business’ sales tax obligations, so it’s vital to keep up with new requirements as you grow.  More […]

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If cars can drive themselves, should filing sales and use tax be so hard?

Picture this scenario: You input your sales and use tax data into your automated tax management tool and wait for your filings to be ready. A few days later, you get your determinations and have 24 hours to sign off.  You try to do quality control, but the forms don’t provide visibility into what data […]

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It’s 2021. No more unpleasant sales and use tax surprises

It’s no secret 2020 was a year of personal and professional disruption, requiring rapid adaptation. So long, office happy hour. Hello Zoom quarantinis! Of course, businesses have been adapting just like each of us. You may have been growing your online sales… perhaps quickly. Maybe you’re selling into states you’ve never done business in before […]

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India Signals an Expansion in the Scope of E-Invoicing

The new Indian e-invoicing system has been live since October 2020 and it has been rolled-out in phases. The first phase started in October 2020 with taxpayers with a 500 Cr. rupees threshold or more and the second phase continued in January 2021 covering taxpayers with a threshold of 100 Cr. rupees or more. The […]

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Meet the Expert: Andrew Hocking, VP of Consulting and Compliance Services, Europe

Meet the Expert is a series of blogs to share more about the team behind our innovative software and managed services. As a global organisation with tax experts across all regions, our dedicated team are always keeping abreast of the latest regulation changes to ensure our customers stay compliant. What is your role and what […]

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From Tax Control to Tax Collaboration: Russia’s Pioneering a New Approach

The trend of real-time data collection as a tax control mechanism by tax authorities across the world is not much of a surprise now, quite the contrary. One by one and at increasing speed, governments are rolling out local adaptions of Continuous Transaction Controls regimes, more commonly referred to as CTCs. However, new trends are […]

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Mississippi Sales Tax Nexus Changes

The Supreme Court’s 2018 ruling on South Dakota v. Wayfair, Inc. had a ripple effect across the country on how out-of-state businesses must collect and remit sales tax. The Mississippi sales tax nexus is just one example of how remote sellers and marketplace facilitators need to ensure they remain compliant as regulations are updated. Below […]

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Making the Most of the Annual DtC Wine Shipping Report

By Andrew Adams Andrew Adams is the editor of the Wine Analytics Report and a regular contributor to Wine Business Monthly magazine. Adams grew up in the city of Sonoma, Calif., and graduated from the University of Oregon with a degree in journalism. In addition to working at daily newspapers for more than a decade, Adams worked for […]

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Advantages of Working with a Global Service Provider

The rapid rise of digitisation continues to transform companies’ business processes. Companies have either begun their digital transformation as a result of compulsory mandates or are voluntarily making the change. While digitalisation provides time, cost and workforce efficiencies, it has enabled greater cross-border business. The increasing digitisation of tax has seen companies look to third-party […]

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Maryland Enters the World of Digital Tax

The Maryland Legislature overrode gubernatorial vetoes on two bills that substantially change how Maryland approaches digital tax. The Legislature adopted a novel rule that seeks to tax digital advertising services. Additionally, it expanded Maryland sales tax to include digital equivalents of tangible personal property. The concept of taxing the revenue earned by companies operating in […]

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Transforming your approach to Tax in Brazil Part I: Understanding the Dilemma

Introduction: Brazil is the world’s ninth largest economy and a country with a well-earned reputation of being perhaps the most complex tax environment on Earth. The sheer number of laws and mandates, the constant change and the risk of non-compliance resulting in significant penalties and fines is omnipresent. In this three-part blog series, we’ll look […]

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Transforming your approach to Tax in Brazil Part II: A New Journey Begins

Introduction: Brazil is the world’s ninth largest economy and a country with a well-earned reputation of being perhaps the most complex tax environment on Earth. The sheer number of laws and mandates, the constant change and the risk of non-compliance resulting in significant penalties and fines is omnipresent. In this three-part blog series, we’ll look […]

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Transforming your approach to Tax in Brazil Part III: Aligning Technology and Partnerships

Introduction: Brazil is the world’s ninth largest economy and a country with a well-earned reputation of being perhaps the most complex tax environment on Earth. The sheer number of laws and mandates, the constant change and the risk of non-compliance resulting in significant penalties and fines is omnipresent. In this three-part blog series, we’ll look […]

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Don’t Fear the Fulfillment House

Recently, lawmakers in Tennessee introduced proposed legislation that would prohibit the use of fulfillment houses by direct-to-consumer (DtC) wine shippers for their sales to the state. If passed, this legislation could severely hamper the ability of DtC wine shippers to service the state, cutting off Tennessee consumers from accessing wineries of all sizes.  However impactful […]

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Importance of Owner Contact in Unclaimed Property

By: Gary Joseph and Paola Narez In order to maintain compliance with states’ unclaimed property statutes, holders must understand the types of unclaimed properties they are susceptible to generating and the conditions that would begin the running of the dormancy period for each property type (the “dormancy trigger”).  Property becomes abandoned or unclaimed when an […]

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Costa Rica: Taxation of Foreign Supply of Digital Services

Overview: The days when suppliers of digital content or services were considered out of reach of local tax authorities because they supplied products and services remotely are quickly fading. The exponential growth that the digital economy has experienced in the last several years has made it impossible to ignore countries looking for new sources of […]

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The Data: Wine DtC Shipments and Off-Premise Retail (January 2020 Special Report)

The wine market is in greater flux than ever as producers, retailers and consumers navigate the impacts of a global pandemic. Keeping a pulse on marketplace data has never been so important given these shifting dynamics. Nielsen is collaborating with Wines Vines Analytics and Sovos ShipCompliant to provide a much more comprehensive view of the […]

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Delaware Unclaimed Property VDA Notices

DE VDA Invitation Letters Update: February 19, 2021 Pursuant to 12 Del. C. §1173(b), the Delaware Secretary of State (SOS) has distributed a new wave of letters inviting companies to enter the Voluntary Disclosure Agreement (VDA) Program. The Delaware Secretary of State notified holder advocates, such as Sovos, that they mailed notices to holders believed […]

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