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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 […]

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 […]