Weekly Roundup | Distillery Trade Pact, Upcoming South Dakota Reporting Deadline, and Arizona DtC Law Change

Sovos
April 11, 2016

Happy Monday, everyone! Hope you had a great weekend. Today’s roundup covers distilleries seeking to benefit from the new Trans-Pacific Partnership Agreement, South Dakota’s upcoming DtC shipping reporting deadline, and DtC shipping in Arizona. As always, if you read something I missed, let me know in the comments. Have a great week!

LegislativeUpdate

Distillers Discuss Trade Pact with White House | Distilleries seek to get their hands on the market with the new Trans-Pacific Partnership Agreement involving US spirits. The Spirits Business

First Reporting Period for South Dakota Direct Shipper’s Fast Approaching | Following the recent opening up of the DtC market in South Dakota, wineries are required to file shipping reports, remit sales, and excise taxes quarterly. This means that the first reports are due very soon. ShipCompliant

TTB Weekly Newsletter | This week’s TTB Newsletter includes registration requirements under Korea’s special act on imported food safety management and requirements surrounding importing alcohol in the U.S. TTB

IndustryUp

Arizona Uncaprs Direct-to-Consumer Sales | Good news for Arizona wine consumers! A new law will allow wineries of all sizes to make off-site sales. ShipCompliant

Itasca Joins List of Cold-Hardy Grapes | University of Minnesota names new variety for white wine production. Wines&Vines

Palisade Pours Revenue Into Colorado Wine Industry’s Overflowing Success | Colorado has more than 140 wineries in the state and they are seeing an upward trend statewide, especially in the Grand Valley. KKCO News

DontMissOut

Brewers Association Lists Top 50 Breweries of 2015 | The Brewers Association just released its annual list of the top 50 craft and overall brewing companies in the U.S., based on beer sales volume. Brewers Association

Craft Beer Industry Could Be Caught on the Hops As Shortage Looms | Craft beer lovers could soon face higher bar bills as small, independent brewers face a shortage of hops. The Guardian

JustFun

Scientists Have Figured Out How Red Wine Helps Your Heart | You may be surprised by the findings. VinePair

Promiscuity in the Wine Cellar Pays Off | Those of us who like our food unadulterated by forgoing petrochemical sprays and genetic modification may also prefer unadulterated wine. Forbes

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Sovos

Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern transactional taxes. As VAT and sales and use tax go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports more than 7,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.
Share This Post

LATAM VAT & Fiscal Reporting
May 20, 2020
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 […]

E-Invoicing Compliance EMEA Turkey VAT & Fiscal Reporting
July 15, 2020
Cancellation and Refund Policies for E-Invoice and E-Arşiv Invoice

Taxpayers with annual gross sales of TRY 5 million and above are obliged to use e-invoice or e-arşiv invoice from 1 July 2020. Although the e-invoice has the same qualities as a paper invoice, there are occasions where it should be treated differently such as for cancellations and refunds. What is a refund invoice? A […]

EMEA IPT
July 15, 2020
Pay-Per-Mile Car Insurance – How Do You Tax That?

Car insurance premiums are always making headlines. With the cost of insurance for younger drivers continuing to rise, a new generation of drivers are questioning the need to own a car. Many drivers who live in the city or commute often only use their cars on weekends, but the cost to insure a car that […]

ShipCompliant
July 14, 2020
Kentucky DtC Shipping Laws Delayed

Earlier this year, Kentucky passed a bill enabling direct-to-consumer (DtC) shipping of wine, beer, and spirits by licensed suppliers. When the bill was originally passed, it was expected it would take effect by July 15, 2020. However, as our partners at Wine Institute recently confirmed, the state is instituting a delay on the implementation of […]

Asia Pacific E-Invoicing Compliance VAT & Fiscal Reporting
July 14, 2020
Asia: E-invoicing Developments Across the Region

The world has witnessed how several Latin American countries have successfully adopted e-invoices to replace paper versions and close VAT gaps – the difference between the revenue governments are entitled to receive and what they de facto manage to collect.    The positive effects of mandatory e-invoicing regimes, such as achieving simplification of the invoicing […]

ShipCompliant
July 13, 2020
How Importers Can Ship DtC

The beverage alcohol industry has many complicated rules and regulations that vary by state. Even though importers are similar to other members of the “supplier” tier (like wineries and breweries), they are often treated differently in federal and state regulations. This is particularly true when it comes to direct-to-consumer (DtC) wine shipping.  Currently, 46 states […]