When New York first passed its law defining what constitutes a “vendor” subject to collecting sales tax in the 1980’s, the idea of online shopping sounded like science fiction. In retrospect, NY may have effectively enacted the first “economic nexus” law when they drafted their definition of “vendor” to include a person who regularly or […]
Download the 10th Edition of the Most Comprehensive Guide to Global E-invoicing Compliance
With electronic invoicing sweeping Europe and much of the rest of the globe just as it did Latin America, organizations need to be prepared to meet the challenges of new mandates. The 2018 Sovos TrustWeaver global e-invoicing eBook leaves absolutely no stone unturned in offering the most comprehensive information and analysis available regarding e-invoicing compliance.
The Sovos TrustWeaver global regulatory analysis team and industry experts have worked around the clock to finalize this treasure trove of information for technology and tax practitioners. As businesses prepare for a new tidal wave of digital tax mandates, they need strategic guidance on the why and what of the different forms of continuous transaction controls that tax administrations are rolling out around the globe. This document can serve as an important input to a company-wide review of how accelerating local mandates can be used to support rather than contradict digital transformation.
A few key takeaways from this edition
- This is the 10th edition of this eBook, which has guided thousands of companies through turbulent times as tax administrations started their individual digital transformation journeys in Latin America, Europe and many other countries.
- Since Sovos acquired TrustWeaver in mid-2018, this analysis has been strengthened based on decades of combined experience as the world’s largest vendor of e-invoicing and e-receipt compliance software through modern cloud-based services.
- This report documents the growing consensus among e-invoicing and VAT professionals that indirect tax controls are quickly evolving toward real-time whereby tax administrations essentially become a “third trading partner” in the exchange of sales and purchasing data between suppliers and buyers.
- This eBook contains high-level updates on where 70+ countries are in the journey towards continuous digital controls of business transactions.
- The document also provides practical recommendations as to how companies can ensure that this push towards automation among tax administrations doesn’t end up fragmenting or even contradicting the digital transformation of business processes.
Download the most comprehensive eBook available on global e-invoicing compliance.
With recent enforcement measures, the IRS has offered definitive proof that the Affordable Care Act (ACA) is still alive and that the agency plans to strictly enforce ACA reporting. Last spring, the agency issued Letter 226J to Applicable Large Employers (ALEs) that failed to cover 95 percent of employees. ALEs are companies with 50 or […]
UPDATE (Jan. 8): Reporting season is moving forward according to plan. The IRS has announced that it will process tax returns on schedule and without delays. While the agency will clarify its contingency plan in the coming days, organizations should proceed as planned with 1099 reporting and other seasonal filings. The IRS will recall a […]
The South Dakota v. Wayfair decision last June has created a lot of angst for indirect tax professionals and the businesses they work so hard to protect from the burdens of sales and use tax filing. Six months later as we begin the new year, that angst has not gotten any lighter. Any federal legislative […]
2018 was a volatile year in indirect tax compliance for tax, finance and IT professionals worldwide. With an increase in globalization and tax gaps surpassing tens of billions in some countries, it’s not surprising that one of the biggest challenges governments are addressing is revenue collection. Like enterprises, governments are creating new, technology-driven processes to […]