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
Category: Tax Compliance
Tax Compliance
New VAT Rules for Online Marketplaces and Imports of Goods into the UK
The United Kingdom’s HMRC has issued new guidance on the VAT treatment of cross-border sales of goods and online marketplaces beginning 1 January 2021, following
Electronic Invoicing
India: Last-Minute Changes to the Proposed E-Invoicing System
The October deadline is fast approaching for the Indian CTC invoicing mandate, but it remains a moving target. In a swift move that was published
Tax Compliance
Sovos Buys Keane’s Unclaimed Property Consulting Services & Software as States Accelerate Audits
Last week, Sovos purchased the unclaimed property consulting services and reporting technology of Keane. This acquisition boosts our SaaS and services offerings for unclaimed property
Tax Compliance
Tax IDs and List Checks: The New Trend
VAT gaps can generally be found in countries that collect indirect taxes. This hiatus has led many tax administrations to implement Continuous Transaction Controls (CTCs),
Tax Compliance
The Industry Leader in Tax and Regulatory Reporting
Last year, Sovos promised insurers we would Solve Tax for Good®. A year later, we have helped thousands of insurers ease the burden and risk
Tax Compliance
Sovos Acquires Accordance to Help Businesses Flexibly Navigate Changing VAT Compliance Requirements
Earlier this week, Sovos announced the acquisition of Accordance , a U.K.-based value-added tax (VAT) managed services company that has been a Sovos partner since 2018.
Electronic Invoicing
Turkey: Penalties for Noncompliance with the Mandatory Electronic Document Framework
For rules to carry any real weight, the rule-maker must combine compliance with that rule with either a carrot or a stick. In the field
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
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
IPT
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
IPT
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