Tax Compliance
Direct Wine Shippers Have a New Tax Burden in Chicago
As of July 1, 2020, wineries making direct-to-consumer (DtC) shipments of wine into the city of Chicago will face an additional tax burden. Under Chicago
Category: Tax Compliance
Tax Compliance
New Educational Course: Tax Compliance and Accounting for Captive Insurers
Finding relevant insurance accounting education has always been a challenge for insurance professionals. Insurance is a global industry. But, the financial reporting and tax rules
Sales & Use Tax
Back to Basics: Seven Things You Need to Know About CSPs & SST
Sales & Use Tax is complex and growing more so by the day. The number of jurisdictions, tax forms and rate changes makes managing these
Tax Compliance
Digital Services Tax Debate Intensifies
On 18 June 2020 European officials announced that an EU-wide digital services tax (DST) will be introduced if the US’s recent withdrawal from global tax
Tax Compliance
The Five Pillars of IPT Compliance
For anyone relatively new or unfamiliar with insurance premium tax (IPT), an understanding of each of the core components is key to ensuring compliance. They
Tax Compliance
Different Class: New Varying Approaches to Customs Administration from UK and EU
A touch of CLASS: simplifying access to customs tariff data CLASS – short for Classification Information System – is the new single point access search
Tax Compliance
Act now: Temporary Extension to Enroll in the Delaware VDA Program
Did your company receive an invitation in February 2020 to join the Delaware Voluntary Disclosure Agreement Program (SOS VDA Program)? If so, you have extra
Tax Compliance
Industry First: Businesses and Government Partner on New Digital VAT Compliance Principles
For the first time in history, international business and governments have come together. Their aim was to define and agree a guiding set of principles
Tax Compliance
E-invoicing Trends Across the Middle East and North Africa
The concept of e-invoicing as a vehicle for increased tax control and cost reduction, continues to spread into new areas of the world. The number
Tax Compliance
With Disruption at Unprecedented Levels, How is InsurTech Helping?
InsurTech companies are really getting their claws into the insurance industry. New products are coming to market, processes are being overhauled and end customers are
Tax Compliance
In Focus: France’s IPT Landscape
France is usually known for the complexity of its insurance premium tax filing system with many parafiscal charges potentially applying to insurance premiums and with
Electronic Invoicing
Greece: Focus on E-invoicing as MyDATA Bill is Signed
After a period of solid work around the myDATA framework, with little documentation left to implement the entire scheme in Greece, the IAPR has shifted
1099
A Lowered Federal 1099-K Threshold Gains National Attention
The Coronavirus pandemic revived a longstanding debate amongst lawmakers about what unemployment benefits to provide to independent contractors and how to decrease the underreporting of
Electronic Invoicing
India’s E-invoicing Mandate Deadline of October is Looming
Renowned for its diversity, India is taking the same approach to its e-invoicing framework. There have been several changes and new possibilities included in the
Electronic Invoicing
Turkey: Which Documents Can Replace E-Delivery Notes?
From 1 July 2020, all taxpayers with revenue above 25 million TL in 2018 or subsequent years must switch to the e-delivery note system. E-invoice
Tax Compliance
Remember, COVID-19 Isn’t the Only Challenge Facing Insurers
The coronavirus pandemic’s full effect on insurance is yet to be revealed, however one thing is for certain, the shockwaves will be felt for years
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
Electronic Invoicing
Latin America: An Update on E-Invoice Requirements
In the field of global e-invoicing and tax control, most eyes have been focused on trailblazing initiatives in Asia, as countries such as India, Vietnam