Blog

Wine Retailer Interstate Shipping and the Courts: An Update

By Tom Wark, Executive Director, National Association of Wine Retailers The effort to open more states for interstate wine retailer-to-consumer shipments is multi-pronged. One prong—perhaps the most important—is the effort to overturn discriminatory state laws by using the federal courts to challenge state laws that violate the U.S. Constitution’s dormant commerce clause as well as the […]

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EU E-Commerce VAT Package FAQs: Understanding OSS

The EU E-Commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS), bring significant changes to VAT treatment and reporting mechanisms for sales to private individuals in the EU. Our recent webinar, Back to Basics: The EU E-Commerce VAT Package, discussed the basic principles of the three […]

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Insurance Premium Tax Returns: Italian IPT Books

The proper supporting documentation of a tax return has always been required by the local tax offices. In this blog we will focus on the supporting documentation of Insurance Premium Tax (IPT) returns, especially the Italian requirements. Although the requirements for the preparation of IPT supporting documentation differs from country to country, the details of […]

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Looking to Cut Tax Compliance Costs? Consider Tax Solutions Before Migrating to SAP S/4HANA

As the digitization of tax continues, many organizations are looking to reduce the complexity and cost of tax compliance. In our latest spotlight report, created in partnership with Americas’  SAP Users’ Group (ASUG), “Boost Tax Compliance Capabilities and Visibility with SAP S/4HANA”, we discuss the most optimal time in the SAP S/4HANA migration process to […]

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Fiscal Representation Post-Brexit – Requirements for UK Companies Trading in the EU

Non-EU companies are required to appoint a Fiscal Representative in order to be registered for VAT in many Member States. Following the end of the Brexit transition agreement on 31 December 2021, this was a consideration for UK companies who wanted to remain registered or had to register as a result of changes to supply […]

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French E-invoicing Mandate Update: Government Revises Rollout Schedule

When the French Tax Authority published its report last fall, unveiling the continuous transaction control (CTC) plans for France, we questioned whether it would be possible to finalise all the details of this system in less than a year, to allow sufficient time for businesses to adapt. Although the French Treasury (DGFiP) has made good […]

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Saudi Arabia’s E-Invoicing Mandate is Fast Approaching

The Zakat, Tax and Customs Authority (ZATCA) announced the finalised rules for the Saudi Arabia e-invoicing system earlier this year, announcing plans for two main phases for the new e-invoicing system. The first phase of the Saudi Arabia e-invoicing system is set to go live from 4 December 2021. With the mandate just around the […]

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EU E-Commerce VAT Package FAQs: Understanding Marketplace Liability

The EU E-Commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS) bring significant changes to VAT treatment and reporting mechanisms for sales to private individuals in the EU. Our recent webinar, Back to Basics: The EU E-Commerce VAT Package, discussed the basic principles of the three […]

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IPT Compliance in the UK: What Does the Metropolitan Fire Brigade Act Mean for Insurers in Greater London?

IPT compliance is complex, especially when insurers are writing across multiple regions, jurisdictions or boroughs.

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Nevada Restricts Residents’ Rights to Receive DtC Shipments of Alcohol

Earlier this year, SB 307 was enacted in Nevada, effectively eliminating the right for Nevada residents to receive direct-to-consumer (DtC) shipments of beer and spirits from producers, or any alcoholic beverage from out-of-state retailers.  Previously, Nevada DtC alcohol shipping permissions were among the most open, with the state allowing breweries, distilleries and retailers to sell […]

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Unclaimed Property Due Dates by State

Unclaimed property due dates are spread across the calendar year and differ by state and holder/company type. Complicating matters even further, each state’s own unclaimed property rules and regulations are updated frequently. We’ve gathered state-specific information on unclaimed property due dates to help you stay on top of this changing information. The Sovos regulatory analysis […]

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VAT Trends: Aggregator Liability – What You Should Know

This blog is an excerpt from Sovos’ annual VAT Trends report. Governments are increasingly putting liability for reporting and/or paying VAT on platforms that already process many taxable transactions and associated data flows, instead of putting such liability on each individual taxable person transacting on such platforms. Why is this happening? With the introduction of […]

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DtC Shipping Essentials: Tax Determination and Reporting

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 […]

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The Latest RUUPA Updates

On July 13, 2016 the Uniform Law Commission (ULC) approved its drafting committee’s final draft of the Revised Uniform Unclaimed Property Act (RUUPA). The approved RUUPA is now considered the latest version of a model law that will serve as reference for state legislatures in modifying and enhancing current state unclaimed property statutes. The introduction […]

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Economic Nexus and the DtC Alcohol Shipper

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 […]

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The EU E-Commerce VAT Package: Lessons Learned Two Months On

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 […]

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Meet the Expert: Daniela Dinkova – Compliance Services Manager at Sovos

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, […]

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Are You Planning for the Future of Indirect Tax?

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 […]

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