News
In Its Largest Acquisition Outside the U.S., Sovos Buys Acepta’s Digital Enablement Business
Today, Sovos announced our most recent acquisition – a deal that is our largest ever outside of the United States, and one that brings our
Category: News
Electronic Invoicing
Poland is Moving Fast: CTC E-Invoicing Draft Law Available for Public Consultation
The Polish Ministry of Finance has now published the draft act introducing e-invoicing via the national platform (Krajowy System e-Faktur – KSeF, or National System
News
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
News
Turkey Continues to Protect Employees from Effects of COVID-19: Part II
Incentive law numbered 7252 was published in the Official Gazette for private sector employers on 28 July 2020. Thanks to this law, private sector employers
Electronic Invoicing
The Age of Automation: How Tech Can Support Finance Teams
Find out why it makes sense to invest in tech and automation to streamline tax processes and alleviate the burdens finance teams face. The shift
News
Will EU Member States and Businesses Be Ready for the July 2021 VAT E-Commerce Rules?
As we move full speed ahead towards the proposed deadline of 1 July 2021 for the new VAT e-commerce rules, EU countries are beginning to
E-archiving
Italy: New E-Archiving Requirements in 2021
Italy has been at the forefront when it comes to the introduction of continuous transaction controls (CTC) in the EU, and it still leads the
News
Turkey Continues to Protect Employees from Effects of COVID-19
The Turkish government continues to minimize the effects of the COVID-19 pandemic on companies. A Presidential decree has extended the deadline for the Ban on
News
EC Considers Indirect Carbon Tax for Carbon Border Plan
The European Commission recently opened a public consultation on a carbon border adjustment mechanism (CBAM) to maximise the impact of tax in meeting the EU’s
Electronic Invoicing
TRA Updates E-Delivery Note Application Guidelines
Issuing e-delivery and printed delivery notes together The article (Article 15.5), which was quite confusing in the initial version of the guideline, is now much
News
European Court Rules Against UK on VAT Treatment of Futures Trading
In the midst of ongoing negotiations following the UK’s exit from the European Union (EU), the Court of Justice of the European Union (CJEU) has
News
European Commission Proposes Delay of Six Months for E-commerce VAT Package
On Friday 8 May, the European Commission (EC) published a legislative proposal to delay implementation of the e-Commerce VAT Package by six months due to
Electronic Invoicing
Finland Expands Adoption of E-Invoicing
Finland’s government already receives over 90% of invoices electronically. Aiming to expand the use of e-invoices in B2B transactions, the country has granted B2B buyers
News
Further EU VAT Measures in Response to Coronavirus
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
Electronic Invoicing
Vietnam’s E-invoicing Mandate – Delayed Until 2022
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
E-archiving
Turkey Publishes Storage Guidelines for E-Ledger
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
Electronic Invoicing
India Amends E-Invoicing Rules
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
Electronic Invoicing
Greece Delays myDATA Mandate
New go-live date A new roll-out date for the myDATA e-books mandate was announced by the Greek tax authority, the IAPR, during a recent meeting