Global insurance programmes will cover risks in multiple jurisdictions throughout the world and allocating the premium between all these jurisdictions can be a major challenge
Last month, we made some predictions on how the outcome of the recent elections would impact the agenda of the Independent Authority of Public Revenues
The IRS sent letters to more than 10,000 cryptocurrency holders last week, educating them about their income tax obligations associated with cryptocurrency transactions. The IRS
At the Nationwide Tax Forums in Chicago last week, the IRS communicated details about the first wave of backup withholding penalty notices that payers should
Are unclaimed gift cards reportable as unclaimed property? It all depends. A recent ruling favoring the state of Delaware against an online retailer brought escheatment
On July 25th, Chuck Maniace, vice president of regulatory analysis and design at Sovos, hosted a replay of the “South Dakota v. Wayfair One Year
In a monumental moment for tax reporting professionals, the IRS has released a draft of Form 1099-NEC, the form that will eventually replace Form 1099-MISC
Despite IRS Commissioner Charles Rettig’s promise of “within the next 30 days” more than 30 days ago to Congress regarding the release of forthcoming cryptocurrency
At last, the IRS is allowing payers to truncate, or effectively mask, tax identification numbers (TINs) on Forms W-2 sent to payees. The decision comes
Tax legislation is sometimes structured, or worded, ambiguously. This leaves scope for a number of different interpretations for the treatment of tax on insurance policies,
When it comes to motor insurance, everything is high; high tax rates, high volumes of tax administration and high levels of complexity. A thorough understanding
The good news is that real-time TIN matching works to reduce errors in 1099 reporting. The bad news is that when errors do sneak through,
Supreme Court Rules Against Tennessee’s Discriminatory Residency Requirements After months of waiting by the beverage alcohol industry, the United States Supreme Court published its ruling
The IRS has released a draft version of the new 2020 Form W-4, Employee’s Withholding Allowance Certificate. It represents the most sweeping changes to this
Her Majesty’s Revenue & Customs (HMRC) – the UK Government department responsible for the collection of taxes – is undertaking a call for evidence to
Last week, the Indian GST Council convened for its 35th session, this time chaired by the recently appointed finance minister, Nirmala Sitharaman. As expected, the
As more and more countries across the world depend on VAT, GST or other indirect taxes as the single most significant source of public revenue,
Italy has been at the forefront of B2G e-invoicing in Europe ever since the central e-invoicing platform SDI (Sistema di Interscambio) was rolled out and