Sovos’ recent observations of audits by EU Tax Authorities are that Tax Officers are paying more attention to the contents of One Stop Shop (OSS) VAT Returns. They have challenged, and even excluded, companies from this optional scheme. OSS VAT returns must contain details of supplies made to customers in each Member State of consumption […]
The EU’s VAT in the Digital Age (ViDA) Package contains a wide range of proposals with far-reaching impacts. One of the areas impacted by these proposals is the VAT treatment of call-off stock. What is call-off stock? Call-Off stock is used to describe an arrangement where a seller ships goods to a customer’s warehouse (stock) […]
The Chilean Internal Revenue Service (SII) recently published version 4.00 of the document describing the format of electronic tickets for Sales and Services. The electronic ticket (or Boleta Electrónica) is an electronic receipt issued for the sale of goods or services to individuals, consumers or end users. The document includes basic information about the transaction, […]
The European Commission, as part of its VAT in the Digital Age project (ViDA), is proposing to modify reverse charge rules for non-established suppliers. These rules are currently optional for Member States, which has resulted in patchwork application across the EU. The modifications are intended to harmonize these rules across member states. Although the intent […]
Back in 1959, Barbie took her first plastic steps to become the cultural icon that she is today. Living in that Barbie world meant driving to your local toy store and physically purchasing the doll and accessories. Physical products like this were and still are subject to sales tax, meaning the consumer pays tax at […]
All types of businesses are subject to reporting earnings on the 1099 form series. Reporting 1099s can be a complex process, especially when you must report more than one type of 1099 form. There are also many different parts of the reporting process that can be confusing, including knowing what 1099s to report, the differentiating […]
Businesses use software for everything, and for many companies, the aggregate cost of all their software licenses represents an enormous expense. When purchasers of business software acquire or renew their license, negotiations around the total price of the solution are often rigorous and sometimes even contentious. This is understandable as cost containment is a key […]
Update: 15 September 2023 In a recent meeting of the Communauté des Relais, the tax authority released additional details surrounding the previously communicated postponement of the B2B e-invoicing mandate in France. This delay is a result of the tax authority listening to feedback from French businesses who have struggled to meet the original timeline. It’s […]
For the third time in four years, Nevada has amended its unclaimed property law. Indeed, Assembly Bill 55 was enacted in Nevada on June 2, 2023, and became effective July 1, 2023. The new law impacts the analysis of when certain property types are presumed abandoned. Further, a new certified mailing requirement is added for […]
Congratulations, your winery has grown to a point where shipping under someone else’s license has become too great of a risk, and you’ve decided to search for a direct-to-consumer (DtC) shipping compliance partner. There are choices in the marketplace, so how do you know which company to work with? As you conduct your due diligence […]
Effective January 1, 2024, wine and spirits products will be subject to the California Beverage Container Recycling Program (BCRP). This change follows the passage of SB 1013 in September last year and reflects efforts by the state to help manage and reduce waste from beverage containers by extending the BCRP to a class of products […]
By Jeff Carroll, WineDirect Wineries in the United States can ship to 97% of the U.S. population for direct-to-consumer (DtC) shipping, right? Not exactly. Most people think of states as either open to direct shipping or closed, but the reality is more nuanced. Although 47 states, representing 97% of the population, allow some form of […]
All categories saw growth January to June in 2023, compared to that same time in 2022 The first half of 2023 has come and gone, with new product registrations showing positive growth across categories. Spirits new product registrations increased 20% from January to June 2023, followed by wine (+10%) and beer/malt (+1%). Overall, Product Registration […]
The direct-to-consumer (DtC) wine shipping channel has seen a continuation of movement tracked in the January release of our Direct-to-Consumer Wine Shipping Report, with dips once again occurring in overall volume and value. Note: The proprietary data featured in this mid-year report is compiled from an algorithm measuring total DtC shipments based on millions of […]
Small wineries breaking in to the direct-to-consumer (DtC) wine business sometimes choose to partner with third-party services that make big promises about handling compliance and licensing needs. Of course, there are numerous partners that can provide excellent help with managing these needs. But caution is in order when a third-party service makes sweeping claims, for […]
In an interesting development, New York has requested that companies hold off on reporting unclaimed virtual currency this year. This news comes in the wake of a newly enacted law requiring holders to report and remit unclaimed virtual currency owned by New York residents. Virtual currency is the latest property type to become a target of […]
In October 2022, the Malaysian Ministry of Finance announced in its state budget plans to launch a pilot e-invoicing program in 2023 – starting with selected taxpayers. The budget statement views e-invoices as the main strategy to improve the country’s tax revenue and digital services infrastructure. The Inland Revenue Board of Malaysia (IRBM) and the Malaysian Digital Economy […]
Some promising direct-to-consumer (DtC) happenings have occurred in both Alabama and Delaware in the last few weeks. The DtC application process in Alabama has been made easier, with less information required. And there’s a clear sign that Delaware might open up to allow DtC wine shipping. We share the details below. DtC license application developments […]