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The Tax Reform aims to simplify and modernize Brazil’s tax system, but many still question its real impact on taxation.

Direct-to-consumer (DtC) wine shipping has evolved significantly over the past two decades, from a niche service to a cornerstone of many wineries’ sales strategies. In 2025, two long-restricted states, Arkansas and Mississippi, passed new DtC wine shipping laws that significantly expand access for consumers and open new markets for producers. The changes outlined in HB […]

Earlier this year, the CFO of a mid-sized manufacturing firm received an audit notice from the state of Illinois. Nothing unusual, these things happen. Their sales tax systems were clean, fully automated, and had passed similar audits before.   But this time, the problem wasn’t sales tax. The audit focused instead on something they hadn’t given […]

The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, delivers significant relief to third-party settlement organizations (TPSOs) by reverting 1099-K reporting thresholds and fixing critical compliance gaps. For 2025 transactions, TPSOs will  need to issue and file 1099-K forms when both criteria are met for a single payee: aggregate payments to […]

The Tax Reform was finally approved in Brazil in January 2025. The most ambitious change ever made to the country’s tax system.

More than a legal change, the Reform is working as a true digitization catalyst organizations. | Read more here

By Freda Pepper, General Counsel, Unclaimed Property Sovos regulatory team is tracking a petition filed with the Supreme Court in Peters v. Cohen, a  case that raises fundamental questions about how state unclaimed property laws handle dormant assets and the constitutional protections owed to property owners. The petition presents issues that could affect millions of […]

The National Association of Unclaimed Property Administrators (NAUPA) has approved a major update to their electronic reporting standards with the introduction of the NAUPA III file format. This significant advancement in unclaimed property reporting represents a modernization effort that aims to streamline the submission process while improving accuracy and efficiency for all stakeholders involved in […]

As wine lovers raise a glass to celebrate National White Wine Day on August 4, we’re taking a look at how white wines—particularly Chardonnay and Sauvignon Blanc—have performed in the direct-to-consumer (DtC) shipping channel over the past three years. While the DtC market has faced economic pressure and shifting consumer behavior, these two white varietals […]

Building Your Strategic Roadmap For Global e-Invoicing Compliance By Paula Smith, Managing Director, Indirect Tax Technology Practice, KPMG LLP; Lauren Tallman, Global Invoicing Specialist and Senior Manager, KPMG LLP; and Christiaan Van Der Valk, General Manager, Indirect Tax, Sovos   When executives first encounter e-invoicing mandates, a common reaction is to assume their ERP systems […]

The “Shutdown Fairness Act,” signed in November 2025 to end the government shutdown, included a provision banning the sale of most hemp-based THC products. Going forward, under federal law, hemp-derived products cannot have a THC content greater than 0.4 mg. It is expected that this action will severely diminish–if not outright eliminate–much of the existing […]

VAT in the Digital Age (ViDA) is one of the most significant regulation changes to EU VAT in recent years. Changes to requirements became effective on 12 March 2025 with the official adoption of the package, with further rules coming into effect in 2030. This blog discusses the changes impacting businesses, including Digital Reporting Requirements, […]

Regional Approaches To e-Invoicing: A World Tour For U.S. Multinationals By Paula Smith, Managing Director, Indirect Tax Technology Practice, KPMG LLP; Lauren Tallman, Global Invoicing Specialist and Senior Manager, KPMG LLP; and Christiaan Van Der Valk, General Manager, Indirect Tax, Sovos   The global e-invoicing landscape resembles a patchwork quilt rather than a uniform blanket. […]

With the pilot phase of France’s e-invoicing reform fast approaching, we’re prepared to support businesses every step of the way. As a global provider of tax compliance solutions and a trusted technology partner, we’re ready to help companies navigate the upcoming transition with confidence. Preparing for a Milestone Year The French B2B e-invoicing reform is […]

In the whirlwind of tax policy changes sweeping through Congress, one provision of the recently passed “One Big Beautiful Bill” (OBBB) has quietly slipped through with minimal public scrutiny, despite its potentially massive fiscal impact. The bill increases the reporting threshold for Forms 1099-NEC and 1099-MISC from $600 to $2,000 for payments made after December […]

NF-e testing environment is released, marking the beginning of the transition required by the Tax Reformin the Brazilian economy.

For 20 years, the Sovos ShipCompliant Wine Summit has been about gathering winery professionals with the authorities and leaders who make the industry move. At this year’s Wine Summit, attendees heard directly from the regulators, attorneys and brand leaders shaping the future of the wine industry. As economic pressures, shifting consumer preferences and more tasting […]

The Global E-Invoicing Revolution: What U.S. Multinationals Need to Know By Paula Smith, Managing Director, Indirect Tax Technology Practice, KPMG LLP; Lauren Tallman, Global Invoicing Specialist and Senior Manager, KPMG LLP; and Christiaan Van Der Valk, General Manager, Indirect Tax, Sovos    If you’re a financial executive at a U.S. multinational company, you’ve likely encountered […]