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When operating across multiple regions, it’s challenging to stay abreast with every jurisdictions’ insurance premium tax (IPT) rates, particularities and exemptions. Country-specific filing and audit processes vary country to country too. If you operate in Portugal, France or Spain, or are looking to expand your business into these European territories, we’ve compiled a quick guide […]
Sovos recently published a blog regarding prospective measures EU member states are taking in response to the Covid-19 pandemic. Included below are additional actions introduced from countries across the EU: European Union The European Commission has approved requests from all EU Member States to temporarily suspend VAT and customs duties on imported medical equipment. This […]
The Coronavirus Aid, Relief and Economic Security (CARES) Act addresses the economic impacts of the COVID-19 outbreak. It authorizes emergency loans to distressed businesses, payouts of tax rebates to individuals and their children and provides paid family leave and paid sick leave benefits to employees by offsetting tax credits to employers. The bill provides for […]
Forms 1099-LS and 1099-SB were born out of the 2017 Tax Cuts and Jobs Act (TCJA) as part of the Life Settlement reporting section. They were first introduced for the 2019 tax season, and require reporting from both the purchaser and the life insurance carrier when a life insurance policy is sold to a new […]
The Ministry of Finance in Vietnam recently presented a draft decree to the Prime Minister for ratification, indicating that the go-live date for mandatory e-invoicing in the country will be delayed from 1 November 2020 to 1 July 2022. This proposed delay is in response to difficulties encountered by local companies to implement a compliant […]
On 3 April 2020, storage guidelines for e-ledger were published by the Turkish Revenue Authority (TRA). The guidelines set out the requirements and standards for special integrators, and the requirements for supporting secondary storage services for e-ledgers, e-ledger summary report (Berat) files and other documents created through the e-ledger system. Background The Communique, first published […]
Sales tax always has been, and always will be, an integral part of compliance for wineries, especially for those shipping direct-to-consumer (DtC). In recent years the standards for determining who is obligated to collect sales tax and at what rates has changed due to evolving legislation like the Supreme Court case South Dakota v. Wayfair. […]
The COVID-19 pandemic has dramatically changed the way in which commerce is conducted in the United States and around the world. Based on current restrictions, consumers have had no other choice but to explore e-commerce options to fulfill needs for all but the most essential items and services. In turn, smaller and mid-sized businesses that […]
On April 7, 2020, Kentucky became the latest state to adopt rules clearly permitting the direct-to-consumer (DtC) shipping of alcoholic beverages. As established in HB 415, Kentucky residents will soon be able to purchase and receive shipments of beer, wine and spirits from licensed producers across the country. That this bill includes all types of […]
Update: 3 May 2024 by Dilara İnal Israel Postpones CTC Rollout The Israeli Tax Authority (ITA) has postponed the rollout of the continuous transactions controls (CTC) mandate. The deduction of input tax is allowed with this second postponement, even in the absence of an allocation number, until 4 May 2024. The previous cut-off date was […]
GoKeyless Journey 3-part Q&A blog series This three-part blog series will cover the journey of GoKeyless as they struggle to deal with the initial impact of the South Dakota vs. Wayfair ruling. Told from the vantage point of Skip Graham, network administrator at GoKeyless, this series is an inside look at how manual compliance processes […]
GoKeyless Journey 3-part Q&A blog series This three-part blog series will cover the journey of GoKeyless as they struggle to deal with the initial impact of the South Dakota vs. Wayfair ruling. Told from the vantage point of Skip Graham, network administrator at GoKeyless, this series is an inside look at how manual compliance processes […]
GoKeyless Journey 3-part Q&A blog series This three-part blog series will cover the journey of GoKeyless as they struggle to deal with the initial impact of the South Dakota vs. Wayfair ruling. Told from the vantage point of Skip Graham, network administrator at GoKeyless, this series is an inside look at how manual compliance processes […]
We are in unprecedented times where hour-by-hour change has become the new norm. This is particularly true across our industry as governments evaluate and assess every direct and indirect tax at their disposal as part of broader economic stimulus measure. Tax authorities across the world – national, regional and overseas territories – have acted decisively […]
On March 26, 2020, TRA published an announcement that postpones the deadlines for submitting e-Ledgers and e-Ledger summary reports ( berats). While the impact of COVID-19 takes hold around the world, we’ve been watching the different governments adapt to accommodate changes to support businesses and their economies. It is now Turkey’s turn. The General Communique […]
By: Jason Haas Jason Haas is the second generation proprietor at Tablas Creek Vineyard, the pioneering Rhone specialist in Paso Robles, California. In addition to his work overseeing the operations there, he serves on the board of directors of the Paso Robles Wine Country Alliance, Rhone Rangers, and Free the Grapes. Back in 2017, […]
The COVID-19 pandemic has fundamentally changed the business landscape of our country in a matter of weeks. The demand for products such as paper products and hand sanitizers have overridden the ability of suppliers to fulfill orders. And perhaps most alarmingly, we have learned that our critical services such as hospitals, clinics and first responders […]
India’s e-invoicing reform has been introduced as a very important step towards digitizing the country´s tax controls. Even though the reform has been under discussion for more than a year, the initial roll-out for the implementation process would have been a challenge for all stakeholders which was finally set to begin mandatorily on 1 April […]