Countries all over keep taking steps to ensure they are on track to fully participate in CDOT and CRS. Here are the weekly CRS updates compiled by our tireless research team. British Virgin Islands Opens Portal for UK CDOT Filings and Issues Revised BVIFARS User Guide with CDOT-Specific Updates The British Virgin Islands has announced […]
The world keeps spinning and countries keep taking steps to ensure they are on track to fully participate in FATCA. Here are the weekly FATCA updates from different countries across the globe compiled and presented for you to stay in the know when it comes to AEOI and global reporting. Slovak Republic Releases Competent Authority Arrangement […]
UPDATE – April 29, 2016 As predicted, legal challenges to the South Dakota Economic Sales Tax Nexus standard were swift to arise. On Thursday, April 28, 2016, South Dakota filed a suit against several prominent internet retailers in the South Dakota Sixth Circuit Court. (State of South Dakota et al. v. Wayward Inc. et al). […]
The SAT (Mexican tax authority) has announced a new transaction requirement that could affect your e-invoicing process. The new requirement specifically addresses “Exportaciones Definitivas Clave A1,” or foreign trade transactions, which the SAT defines as final exports. The SAT will mandate that all companies incorporate a new “complemento” (additional information) for foreign trade CFDIs starting […]
The last two weeks have seen countries from all over the globe make strides in preparing to accept information for FATCA, CDOT, and CRS. Take a look through the list compiled by our in-house research department to stay in the know. Germany Releases New InfoBrief; Updates Prior Testing InfoBrief Germany recently released InfoBrief 04/2016. […]
Even though the first main form creation and delivery deadlines for federal tax information reporting may have passed for Tax Year 2015, there is still plenty your organization should do throughout the year to prepare and handle other obligations such as state reporting, penalty notices, and back-up withholding just to name a few in order […]
In a survey of 1,000 CFOs in companies with revenues greater than $500 million, Ernst & Young discovered that confidence is waning, particularly when it comes to the effectiveness of their compliance efforts. In fact, only 55% of the CFOs responding said that they are at least somewhat confident in their degree of compliance. That’s […]
We are proudly sponsoring one of the largest Shared Services Conferences in Europe – The 16th Shared Services & Outsourcing Week. This three day event from the 24th to the 26th of May will take place in Dublin this year under the theme of “driving strategic value through Automation, Process, Excellence and Data.” According to […]
Join Sovos and Cheryl Riedlinger at the 30th annual Tax Reporting & Withholding Conference to be held April 25 – 27, 2016 at the Renaissance Arlington Capital View Hotel. If you are beginning to operationalize and mobilize for 2016-2017 tax season, this is a great opportunity to learn about all the latest updates and network with some of […]
Managing the sales tax complexities and the compliance process manually can be cumbersome, complex, expensive, and prone to error. How much time, energy, and resources are you and your team spending researching and interpreting tax laws, updating spreadsheets, and implementing various calculations? Join Chuck Maniace, Antonio Di Benedetto, and Tim Roden on April 25 at […]
On April 18th 2016 the Colombia DIAN held a meeting in Bogota, Colombia to announce the start of its pilot phase for electronic invoicing. As the leader in Latin American electronic invoicing and fiscal reporting, Sovos attended this meeting to learn more about the pilot program. Listen to the webinar replay to get the latest details of the pilot and the key […]
Does your ACA compliance application support the 100MB file split requirement? Does your application track the record IDs required for submitting corrected records? What version of the AIR schema does your application support? Do you have A2A integration with the AIR system? How does your system handle IRS xml error response files? What will you […]
The issue of online reporting is an important one. State legislation varies widely on when and how to submit unclaimed property reports, and many states now require that holders use an online reporting system in order to remain compliant. As you consider your options, it is important that your online reporting system is reliable and secure. So what should […]
We would like to invite you to a special VAT automation event, taking place on the 9th of June at the Brown’s Hotel in London, 1.30pm – 6.30pm. Are you part of the 80% of organisations that are still using manual labour for VAT compliance processes? Do you want to save valuable time, money, and […]
This week there is so much going on in the world of global information reporting that our expert compliance and research team has compiled a separate list devoted to CDOT and CRS updates. Australia, Guernsey, Jersey, Mauritius, and Norway Release CRS Guidance This week the countries of Australia, Guernsey, Jersey, Mauritius, and Norway released […]
Singapore Publishes FATCA Updates for Forms and Documents, set to Commence FATCA Return Filing for 2015 Singapore has made a number of recent updates related to FATCA which are as follows: FATCA Return Filing for Reporting Year 2015 will begin TODAY, April 15, 2016. All Reporting Singaporean Financial Institutions (SGFI’s) are required to submit a FATCA Return […]
Sovos is always looking to expand our knowledge and ways to better serve our clients. As a specialized tax organization, Sovos is dedicated to creating and providing complimentary education on emerging markets so organizations can better prepare. To this end, we have partnered with the Aberdeen Group to collect information through the Automatic Exchange of […]
On March 14, 2016, House Bills 61 and 62 (Acts 25 and 26 respectively) were signed into law by Louisiana Governor, John Bel Edwards. The first of these bills expands the sales tax base in Louisiana to encompass nearly every previously excluded transaction, and many, if not most, previously exempt transactions. The second bill enacts […]