Blog

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 […]

Key Highlights: Importers must be licensed by the TTB. Every imported product requires compliant labeling and COLA approvals. Importers are responsible for excise taxes and accurate recordkeeping.   Within the three-tier system that governs how alcohol is sold and distributed within the United States, importers are considered a type of supplier. As such, they are […]

What is IBS? The Tax Reform is in full swing and one of the pillars of this transformation is the creation of the Tax on Goods and Services.

Iceland holds a unique and critical position regarding natural catastrophes due to its extraordinary geography and climate. Situated on the Mid-Atlantic Ridge, the country is one of the most volcanically and seismically active regions in the world, with frequent eruptions, earthquakes, and geothermal activity. Its mountainous terrain and harsh North Atlantic weather also make it […]

Supplementary Law 214, enacted in January of that year, consolidates one of the most important steps in the Brazilian Tax Reform.

Technology at the center of the Tax Reform. Check out more about it and stay up to date with updates. | Read more here

Tax Reform is quite complex, isn’t it? Would you like to have a tax reform glossary? Learn more here. | Read more here.

The IRS has officially confirmed a plan to sunset the FIRE system, marking one of the most significant transformations in information return filing in decades. After serving as the backbone of electronic tax reporting since the 1980s, the Filing Information Returns Electronically (FIRE) system will be decommissioned in January 2027. That means 2025 is the […]

Effective July 1, 2025, all direct-to-consumer (DtC) shipments of wine into Maine must comply with the state’s beverage container redemption program, better known as a “bottle bill.”   While wine bottles sold in Maine retail stores have long been subject to these provisions, the state is extending the program to include DtC shipments from out-of-state […]

The digital business landscape is forever changing, yet one thing is certain: electronic archiving is more than a convenience – it’s a matter of compliance. As governments worldwide invest in digital tax transformation initiatives like e-invoicing and e-reporting, a complex web of e-archiving requirements that vary across borders is also developing. Understanding your e-archiving requirements […]

In a country where sales tax is the norm, a handful of states stand out for going against the grain—they don’t impose any statewide sales tax at all. That’s right—no last-minute filings, no scrambling to collect and remit every month. At least, not for sales tax. But before you pack your headquarters and head for […]

Uncover what sales tax is, how it works! This guide provides everything from rates and exemptions, to how it varies by location and product type.

Discover how consolidation in the wholesaler tier impacts market access in the U.S. beverage alcohol industry and explore alternatives like direct-to-consumer shipping.

Last month, a cross-functional group of Sovos unclaimed property experts—including folks from product development, product marketing, managed services, our general counsel’s office, and the consulting team—traveled to Tucson, Arizona to the Unclaimed Property Professional Organization’s annual conference. We spent the week diving deep into all things unclaimed property. There was one topic that kept coming […]

We recently partnered with StudioID on a global survey of 150 finance leaders to reveal significant insights into how companies are navigating the increasingly complex world of indirect tax compliance. The research, which included CFOs, EVPs/SVPs/VPs of Finance, and Finance Directors from companies with revenues ranging from $500 million to over $5 billion, provides a […]

We recently conducted a comprehensive survey of 150 finance leaders in partnership with studioID that sheds light on emerging strategies for managing tax compliance in an increasingly digital regulatory environment. The research, which included respondents from across financial services, manufacturing, technology, and other sectors, reveals how forward-thinking organizations are transforming their approach to indirect tax […]

With the signature of Governor Sarah Huckabee-Sanders, Arkansas is set to enact House Bill 1476—ushering in long-awaited reforms to its direct-to-consumer (DtC) wine shipping laws. Until now, Arkansas only allowed DtC wine shipments when the consumer was physically present at the winery’s premises at the time of purchase, severely limiting the ability of Arkansas consumers […]