Blog
Direct-to-consumer (DtC) shipping of alcohol requires producers, shippers and retailers to stay compliant with numerous rules and regulations. Tax determination and reporting is one of those key areas, and also presents a unique challenge to shippers. Regulations on DtC shipping require shippers to recognize and manage a tax burden that is much broader than if […]
As states have adopted new economic nexus laws over the last several years, vastly expanding whom states can make responsible for sales taxes obligations, direct-to-consumer (DtC) shippers of alcohol have had to adjust, though not as much as most remote sellers. Generally, DtC alcohol shippers are required to collect and remit sales taxes in the […]
On 1 July 2021 the EU E-Commerce VAT Package was introduced. The package replaced existing distance-selling rules and extended the Mini One Stop Shop (MOSS) into a wider-ranging One Stop Shop (OSS). The implementation of the EU E-Commerce VAT Package was designed to simplify the VAT reporting requirements for sellers and improve the tax take […]
Meet the Expert is our series of blogs where we share more about the team behind our innovative software and managed services. As a global organisation with indirect tax experts across all regions, our dedicated team are often the first to know about new regulatory changes and latest developments on tax regimes across the world, […]
The digitalization of tax is imminent. Is your organization staying current with the ERP evolution? In our latest Spotlight Report, created in partnership with Americas’ SAP Users’ Group (ASUG), “The State of Indirect Tax Compliance Among SAP Customers” we explore how SAP customers are planning for the future of indirect tax compliance. Research from our […]
Earlier today, Sovos announced it has acquired 1099 Pro, a California-based company that delivers tax information reporting software and services to tens of thousands of small and medium-sized businesses (SMBs), in addition to enterprise organizations. 1099 Pro has been a market leader for three decades, and it brings talented team members to Sovos to extend […]
Over the past year supply chains have taken a significant hit with the Covid-19 pandemic and Brexit to name a few. It is essential to start putting a plan in place to recover and protect your supply chains and reclaim control. In this episode of the Sovos Expert Series, Becca Taylor sits down with Andy […]
What is the Import One Stop Shop? Find out in three minutes The Import One Stop Shop (IOSS) is here. Since July 2021, businesses selling imported goods in the EU valued at less than EUR 150 can now use the scheme. Businesses can now collect, declare, and pay VAT to the local tax authorities in […]
DtC cider shipping can be complicated in that whether a state permits it often depends on how a state defines “cider.” Ciders are a general category of beverage alcohol products, made from fermented apples or pears, with a low to moderate alcohol content and often sold as an alternative to malt beverages. In terms of […]
A recent review by the state of Idaho Alcohol Beverage Control (ABC) division’s legal team has conclusively determined that out-of-state retailers have no permission to ship any beverage alcohol products direct-to-consumer (DtC) in the state. This determination reverses previous interpretations of Idaho’s laws, which had been understood to permit such shipments As the DtC wine […]
Increasingly, technology is being infused into our day to day lives to simplify and streamline activities. From home to the workplace and everything in between, digitization can help us by removing time consuming activities, while also using the power of data to provide insights. The digitization of tax In this context, revenue authorities are digitizing […]
Korea’s National Tax Service recently shared an investigation in which it discovered several foreign companies were evading tens of billions of dollars in taxes to be reported in Korea using international transactions. A few examples of the tactics used by these companies included stealing sales through offshore companies located in tax havens, and unfairly transferring […]
The widespread adoption of electronic invoicing regimes has given tax authorities access to enormous quantities of taxpayer data. In many jurisdictions, this data enables tax authorities to summarise a taxpayer’s transactional information for a given filing period. It also enables them to present the taxpayer with a draft VAT Return, filled in ahead of time […]
Summer is winding down and the wine landscape continues to fluctuate in response to the pandemic. Staying mindful of marketplace data will ensure the industry can properly adjust to any ebbs and flows, helping wine producers, retailers and consumers alike. Nielsen is collaborating with Wines Vines Analytics and Sovos ShipCompliant to provide a much more […]
Understanding brand ownership and self-production requirements We’ve previously discussed how direct-to-consumer (DtC) shipping of alcohol has numerous requirements and regulations for producers and retailers. Everything from getting licensed to brand label registration details to age verification protocols must be considered. But what happens when an alcohol producer (e.g., a winery, brewery, distillery or cidery) wants […]
If you are currently enrolled in Delaware’s voluntary disclosure agreement (VDA) program, it is very important to provide periodic updates to the VDA administrator contact assigned to you – either Faegre Drinker Biddle & Reath LLP or TL2Q, LLC.. All correspondence from the state or it’s administrators should be treated seriously and responded to in […]
A review of the passage of House Bill 1545, also known as the 2019 TABC Sunset Bill, has compelled the Texas Alcoholic Beverage Commission (TABC) to majorly revamp their alcohol license process and fees. The following changes are set to be effective September 1, 2021. What changes are occurring? Texas is moving from 75 to […]
Incoterms are set by the International Chamber of Commerce and outline the responsibilities of buyers and sellers while making international transactions. Understanding the relationship between VAT and Incoterms now can prevent costs and delivery delays down the road. In this episode of the Sovos Expert Series, Becca Taylor sits down with Andy Spencer, Director of […]