Blog

Is There a Wisconsin Sales Tax Nexus?

Almost every state has updated its sales tax nexus requirements following the South Dakota v. Wayfair, Inc. decision. Wisconsin followed suit with the majority of the country and adopted legislation that was in line with the details of the Wayfair decision. We have outlined the key points to the Wisconsin sales tax nexus below. Enforcement […]

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Wyoming Sales Tax Nexus Updates

When it comes to sales tax nexus updates, Wyoming was ahead of the curve. The Cowboy State passed rules requiring remote sellers to collect and remit sales tax even before the Supreme Court’s South Dakota v. Wayfair, Inc. decision. However, Wyoming had to stay implementation of those rules until the Court made its ruling. Below […]

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Changes in the Vermont Sales Tax Nexus

After the South Dakota v. Wayfair, Inc. decision, Vermont expanded sales tax collection requirements to include remote sellers. The Green Mountain State largely followed suit with South Dakota’s requirements outlined in the Supreme Court case, maintaining that a business that meets either a certain monetary or a transactional threshold has an obligation to collect and remit […]

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Did North Dakota’s Economic Nexus Change?

The South Dakota v. Wayfair, Inc. decision pushed many states – including North Dakota – to adjust their economic nexus laws. North Dakota had previously passed a law in 2017 to address remote seller sales tax, but it was contingent on the Wayfair ruling. We have outlined key points on North Dakota’s economic nexus in […]

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Key Sales Tax Benefits with a Certified Service Provider

Sovos recently hosted a webinar with Joe Hillstead, a tax and advisory partner with Squire & Company (Squire). Squire works with Sovos to support the sales tax needs of its clients. In the webinar, Hillstead and Charles Maniace, VP, Regulatory Analysis and Design, Sovos, discussed issues such as: knowing when to partner with a Certified […]

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European Commission Proposal of VAT Reforms for Financial and Insurance Services Explained

We recently shared news of the European Commission (EC) opening a feedback period concerning an initiative to review VAT rules for financial and insurance services. The feedback period has now ended, and a public consultation period is set for the first quarter of 2021. The consultation will gather stakeholders’ views on the current VAT treatment […]

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Easing the Stress of IPT Filings

Insurance premium tax (IPT) deadlines – whether it’s month end, quarterly filing or end of year, can be stressful for insurance tax teams juggling regular workloads alongside the added pressure of ensuring filing is completed accurately and on time. To help, we wanted to offer some guidance on how to navigate deadline season successfully. Understand […]

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Trends: Previewing the Four Tax Compliance Mega-Trends Facing Multinational Companies

We recently launched the 12th Edition of our Annual Trends Report that put a spotlight on current and near-term legal requirements across regions and VAT compliance domains.  The report, “VAT Trends: Toward Continuous Transaction Controls” is authored by a team of international tax compliance experts and provides a comprehensive look at the regulatory landscape as […]

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Congress Passes Permanent Extension of Federal Alcohol Tax Relief

On December 22, Congress passed a new COVID relief measure, providing necessary relief and aid to the still reeling economy. Included in the bill was the permanent extension of the Craft Beverage Modernization and Tax Reform Act (CBMTRA). This is extremely welcome to the beverage alcohol industry, as suppliers would have faced a huge hike […]

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VAT E-Commerce Package – The One Stop Shop (OSS)

The European Union’s VAT e-commerce package has been delayed until 1 July 2021. Consequently, in the New Year businesses will have to contend with both Brexit related changes and the impact of OSS – amounting to two new set of rules for VAT reporting in 2021. Treatment of B2C goods and services after 1 July […]

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The Data: Wine DtC Shipments and Off-Premise Retail (November 2020 Special Report)

The wine market is in greater flux than ever as producers, retailers and consumers navigate the impacts of a global pandemic. Keeping a pulse on marketplace data has never been so important given these shifting dynamics. Nielsen is collaborating with Wines Vines Analytics and Sovos ShipCompliant to provide a much more comprehensive view of the […]

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France – Insurers to Pay Part of the Covid-19 Bill

Since the Covid-19 outbreak, the insurance industry has been put under the spotlight in France, sometimes being the scapegoat for failing to compensate its insureds. Exceptional tax, insurance premiums frozen, contribution to Solidarity Funds and schemes are all examples of the measures taken. In this blog we detail the different steps taken by local authorities […]

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Goods and Services Post-Brexit – Supply Chain Planning

The UK left the European Union on 31 January 2020, and the current transition period – due to end on 31 December 2020 – is just days from its end. On 1 January 2021, major changes are coming which will impact the UK’s trade relationships with its closest neighbours. To help businesses understand the impact, […]

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How to Complete a Compliant Sales Tax Return

Are you ready to submit and file a compliant sales tax return? Think you already know everything there is to know about the process? Whether you are a veteran to sales tax filings or are looking to file for your business for the first time, it never hurts to double check that everything is in […]

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Will Poland beat France in the race to CTC?

The Polish Ministry of Finance yesterday announced a timeline for its plans to introduce a Continuous Transaction Controls (CTC) scheme, with a roll-out to start in a year’s time from now. Earlier this year, ministry officials described their intention to introduce an Italian-style clearance e-invoicing system, however since then, not much has been announced in […]

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Audio Blog: VAT Trends: Toward Continuous Transaction Controls Part Two

Today we will be concluding our preview of the upcoming release of the 12th edition of the Sovos Trends in Continuous Global VAT Compliance report. Hear from Christiaan Van der Valk as he jumps back in: 1.     In your opinion, when is the right time for businesses considering major platform upgrades to involve tax? What […]

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Audio Blog: VAT Trends: Toward Continuous Transaction Controls Part One

Today we will be previewing the upcoming release of the 12th edition of the Sovos Trends in Continuous Global VAT Compliance report.  In this episode of the Sovos Expert Series, Harriet Vivian sits down with Sovos’ VP of Strategy, Christiaan Van Der Valk as he digs into what the Trends Report will look like this […]

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Energy, Oil & Gas Industry in Unclaimed Property

by: Gary Joseph, MBA, CIA, Senior Consulting Manager Unclaimed property compliance for energy, oil and gas companies can be an especially complex process due to various industry-specific nuances and intricacies. Exclusive property types, such as mineral interest proceeds and royalty payments, title disputes, and operationally-intensive state requirements all contribute to the uniqueness of the industry […]

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