Blog

An Update on the Global Dialogue of Real-Time Government Controls

We have been writing about the rapid emergence of ‘clearance’ systems worldwide for some time now. Our annual white paper and the 2017 Billentis market report provide more detailed analysis of different real-time controls that tax administrations are experimenting with. It’s happening everywhere, from Rome to Rio and from Seoul to Saint Petersburg. Some call […]

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Financial Institutions Struggle with First UK CRS Transmittal

The first round of UK CRS filings didn’t go quite as well as some tax professionals at financial institutions thought it would. Just before the filing deadline, a survey of FIs revealed an air of confidence about the first transmittal, despite the fact that the first FATCA filing in the US was challenging. But participants […]

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How Tax Leaders Can Propel Client Service and Optimize 1099 Reporting

Financial services companies are now forced to tackle a new breed of 1099 reporting requirements for corporate clients. Federal and state governments are increasing audit frequency and requiring more detailed data, and new rules are putting companies’ reputations on the line. Tax leaders at financial services companies have bigger burdens on their shoulders these days, […]

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How Manufacturers Keep Pace with Global Tax Compliance – Infographic

It’s no surprise that the acceleration of regulatory complexity is increasing manufacturers’ risk of being negatively impacted by sales and use tax compliance in ways that can hinder their growth. See INFOGRAPHIC Below Manufacturers Burdened with Regulatory Complexity 2017 has been the year that manufacturers began moving from design and concept for cloud technologies, IoT […]

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NAFTA Discussions Leave Multinationals in Mexico Uncertain

The first talks on renegotiating NAFTA begin this month, and with continual discussions of a U.S.-first trade agenda, multinational companies with operations in Mexico are left uncertain on what these talks might entail. While no one knows exactly where these negotiations may land, multinationals should have some answers by the end of 2017, as all […]

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Senate “Skinny Repeal” Fails: Mixed Messaging Lingers for Next Steps

Amidst questions coming out of last week’s Senate vote-a-rama, one thing is clear: Information reporting obligations for Applicable Large Employers and providers of health insurance coverage will remain in place for the foreseeable future. Congress and the Administration are divided on how to proceed after multiple health care bills failed last week in the Senate. […]

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Press Release: Sovos Acquires Largest eReceipt Compliance Solution, Paperless, Creating First Global Solution for Business-to-Government Reporting

With the acquisition, Sovos adds eReceipts to its real-time tax reporting solution, expands its presence in Brazil and extends Latin American operations to Chile, Colombia and Peru. Wilmington, Mass. – Global tax compliance and reporting software leader Sovos announced today that it has acquired Chile-based Paperless to expand its real-time government reporting capabilities with electronic […]

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Eight Points to Assess Your Readiness Level for Globally Compliant E-Invoicing

To ensure globally compliant e-invoicing on an ongoing basis, you should keep a close eye on the following eight functional domains: Technical and legal document rules: Are there mandatory technical rules for the file format? What is the minimum required content for an invoice? Do you have means to ensure the correct calculation of all […]

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Sovos adquire a maior solução de conformidade de e-Receipt, criando a primeira solução global para relatórios modernos entre as empresas e o governo

Temos prazer em anunciar a aquisição da Paperless, que amplia nossas capacidades de relatórios governamentais em tempo real com Cupom Fiscal Eletrônico eReceipts e relatórios fiscais de pontos de venda do consumidor, ampliando a nossa presença na América Latina. A Paperless, com sede em Santiago do Chile, no Chile, é a maior empresa no segmento […]

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Sovos adquiere la mayor solución de cumplimiento fiscal en facturas electrónicas, creando la primera solución global para modernos informes de transacción en el ámbito B2G

Nos complace anunciar la adquisición de Paperless, que amplía nuestras capacidades de informes al gobierno en tiempo real con boletas electrónicas e informes fiscales de puntos de venta al consumidor y extiende nuestra presencia en América Latina. Paperless, con sede en Santiago, Chile, es la mayor compañía del mundo en facturas y documentos electrónicos, procesando […]

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Sovos Acquires Largest eReceipt Compliance Solution, Creating First Global Solution for Modern Business-to-Government Reporting

We’re excited to announce the acquisition of Paperless, which expands our real-time government reporting capabilities with electronic receipts and consumer point-of-sale tax reporting – and extends our presence in Latin America. Paperless, which is based in Santiago, Chile, is the world’s largest eReceipts and eDocuments company, processing more than two billion transactions last year across […]

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VAT Country News Summary for July 2017

Keep current with VAT news without having to sift through the news every day. Here are the most significant happenings in the world of VAT reporting from July: United Kingdom Announces Change in Timetable for “Making Tax Digital” Initiative for Businesses On July 13, 2017, the parliament of the United Kingdom, along with Her Majesty’s […]

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Spain SII Requirements Expanded; New Mandates Begin January 1

Businesses in two of Spain’s autonomous communities – Basque Country and Navarra – will soon be subject to Spain’s Immediate Supply of Information on VAT (SII) mandate. On July 1, 2017, Spain launched SII, requiring companies operating in the country to electronically submit ledger and invoice details. With the extension into two of Spain’s autonomous communities, […]

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Filers Struggle to Meet New PATH Act Reporting Deadlines

New numbers suggest the PATH Act deadline for filing W-2 and 1099-MISC forms is continuing to cause havoc for employers. The PATH Act, enacted in late 2015, moved the filing deadline from March 31 to Jan. 31. Filers are struggling to meet the new deadline and avoid financial penalties, which are attached to both late […]

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The SAF-T Series Part 1: Periodical Tax Reporting in Poland

At Sovos, we often find ourselves researching many different areas of compliance. Periodical tax reporting is one of the areas we’ve had reason to keep a close eye on. It wouldn’t be an overstatement to argue that tax authorities are getting increasingly more creative when it comes to finding new areas to come down hard […]

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Sovos Wins Product of the Year Awards at The American Business Awards

Global tax compliance and reporting software leader recognized with two Stevie Awards in Global Risk & Compliance and FinTech Categories    Wilmington, Mass. – July 26, 2017 – Global tax compliance and reporting software leader Sovos announced today it has been honored with two Product of the Year awards at the The 15th Annual American Business Awards, a […]

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Spain SII Requirements Expanded – New Mandates Begin January 1

Businesses in two of Spain’s autonomous communities – Basque Country and Navarra – will soon be subject to Spain’s Immediate Supply of Information on VAT (SII) mandate. On July 1, 2017, Spain launched SII, requiring companies operating in the country to electronically submit ledger and invoice details. With the extension into two of Spain’s autonomous […]

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Senate Passes Motion to Proceed on Health Care

On Tuesday, the Senate passed a motion to proceed on health care by a vote of 51-50 with Vice President Pence casting the tying vote. This was only a procedural vote and not any sort of repeal or replace vote. As a result of this motion passing, the Senate can begin to debate on the […]

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