Tax Compliance
Utilizing a ‘How To’ Manual to Prepare Your Annual Statement
While the NAIC Annual Statement instructions are useful when completing your annual statement, they don’t always address every page or every row/column on an exhibit
Category: Tax Compliance
Tax Compliance
4 Challenges When Relying Only on Core Banking Systems for Tax
Banks and credit unions typically use core banking systems that house customer data and other tax information related to customer accounts. When tax information reporting
Tax Compliance
Cannabis Concerns for the Beverage Alcohol Industry
A Q&A with Arun Kurichety, COO & General Counsel, Petalfast In an effort to better understand potential cannabis concerns in the beverage alcohol industry, I sat
Tax Compliance
CARM: Canada´s New Importing Project
Canada’s Border Services Agency (CBSA) has introduced CARM, a new process to modernise and digitalize import of goods in Canada. The agency’s vision is to
LatAm Compliance
Argentina: New Perception VAT Regime on Sale of Food and Products for Human Consumption
Argentina has recently expanded its perception VAT (Value Added Tax) collection regime to ensure efficient tax administration. It has included selling food and other products
Tax Compliance
Pre-filled Italian Annual VAT return – an innovative change
On 10 February 2023, the Italian Tax Authority introduced the possibility for 2.4 million professionals and companies to view and download the pre-filled Annual VAT
Tax Compliance
How Proper W-8 Management Ensures Seamless 1042-S Reporting
By Wendy Walker, Solution Principal, Sovos and Jessica Metts, Director of Client Services, Comply Exchange With the 1042-S reporting deadline approaching , Comply Exchange recently
1099
What is a Tax Identification Number (TIN) and Why is it Important?
Having the correct Tax Identification Number (TIN) is essential when filing W-2s, 1099s and ACA forms. The nine-digit number could be a Social Security Number
Tax Compliance
Form 1042-S Basics for AP Professionals
When it comes to reporting payments to non-United States taxpayers, there is one form to rule them all – Form 1042-S. There are over 30
Tax Compliance
VAT in the Digital Age: VAT treatment of the platform economy
The European Commission’s “VAT in the Digital Age” proposal brings significant modifications to the VAT treatment of the platform economy related to the operators in
Tax Compliance
Four Pillars of a Strong Technology Match
There are many technology vendors out there promising you the world. With a technology vendor partnership, those miracle solutions to all your business needs are
Tax Compliance
Invoicing in Chile – foreign currency exchange operations
Invoicing in Chile is changing on 1 December 2022. This is when resolution 66 from the Chile Internal Revenue Service comes into force. This new
Electronic Invoicing
Billing SAF-T in Portugal: A New Obligation for Non-Residents
Portugal’s state budget entered into force on 27 June 2022 after protracted negotiations. The budget contained an interesting provision: the obligation to present invoice details
Tax Compliance
Switzerland Introduces QR Bill to Increase Automation of Payment Data
Switzerland along with other countries, such as Portugal and India, is endeavoring to support automation in financial processes without introducing structured invoice files. The method
Tax Compliance
The Rise of E-Transport Documents and The Hungarian Approach: EKAER
Many countries have recently started their continuous transaction controls (CTC) journey by introducing mandatory e-invoicing or e-reporting systems. We see more of this trend in the
Electronic Invoicing
Poland Proposed Amendments to the KSeF Regulation
On 30 August 2022, the Ministry of Finance published draft legislation amending the Regulation on the use of the National e-Invoice System (KSeF). The purpose
Tax Compliance
Customer as Importer – EU VAT Compliance Implications
For the UK and other non-EU businesses it’s vital to determine the importer of the goods into the EU as this will impact the VAT
Electronic Invoicing
Colombia: Draft Law Proposes Expansion of E-invoicing Scope
The Colombian tax authority (DIAN) continues to invest in the expansion of its CTC (continuous transaction controls) system. The latest update proposes an expansion of