Tax Compliance
OECD on Digital Service Tax: What’s Ahead for 2021?
The challenge of how to fairly tax the digital economy was identified in the OECD’s BEPS initiative as ‘Action 1: Addressing the Tax Challenges of
Category: Tax Compliance
Tax Compliance
IRS and States Continue To Focus on Gaps in Nonemployee Compensation Income Reporting
Nonemployee compensation is the income paid by companies that classify an individual as a nonemployee. Nonemployee compensation can represent a variety of business payments including
E-archiving
Audio Blog: E-Archiving with Filippa Jornstedt
Join Filippa Jornstedt as she discusses how e-archiving should be a critical part of your e-invoicing strategy. Listen to her discuss the following questions: How
Tax Compliance
European Commission Proposal of VAT Reforms for Financial and Insurance Services Explained
We recently shared news of the European Commission (EC) opening a feedback period concerning an initiative to review VAT rules for financial and insurance services.
IPT
France – Insurers to Pay Part of the Covid-19 Bill
Since the Covid-19 outbreak, the insurance industry has been put under the spotlight in France, sometimes being the scapegoat for failing to compensate its insureds.
1099
The Top 5 Things Tax Professionals Need to Know About Form 1099-NEC
This blog was updated on February 10, 2023 With the introduction of Form 1099-NEC in 2020, the way filers report non-employee compensation and use Form
Electronic Invoicing
Saudi Arabia: Mandatory E-Invoicing from 2021
These days another country adopting a continuous transaction control (CTC) regime doesn’t come as a surprise. Having seen the benefits of CTC systems, countries are
Tax Compliance
Egypt’s Tax Digitization Continues
Scope of mandatory e-invoice clearance extended The global trend of Continuous Transaction Controls (CTCs), having spread from Latin America to Europe and more recently to
E-archiving
Italian Tax Controls: Five Key Facts to Know Before the New Year
While Italy rolled out its continuous transaction controls (CTC) reform in 2019, 2020 has been a year of expansion. Italian authorities plan to leverage all
IPT
Technology Disconnect in Insurance – Why IPT Needs Prioritising
Many insurers still depend on legacy systems to file insurance premium tax (IPT). Whilst cost is sometimes the reason for this decision, some organisations simply
Tax Compliance
SAF-T – What’s Next?
We last reviewed the SAF-T global situation over a year ago, and in that time there have been many changes and proposals especially across the
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
Electronic Invoicing
France: How the EU’s 2nd Largest Economy Plans to go CTC
France is introducing continuous transaction controls (CTC). From 2023, France will implement a mandatory B2B e-invoicing clearance and e-reporting obligation. With these comprehensive requirements, alongside
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
Tax Compliance
Sovos Regulatory Course Spotlight and Meet Our Educators
Course Offering Spotlight In this week’s course offering spotlight, we are highlighting another one of Sovos’ regularly offered courses, Schedule P Preparation. This course teaches
Tax Compliance
Sovos Regulatory Course Spotlight and Meet Our Educators
With more than 50-years helping professionals succeed in their career, our Sovos Booke regulatory team is known and trusted throughout the insurance industry and is
Tax Compliance
Developments in India’s GST Reporting
It’s now over two years since goods and services tax (GST) was implemented in India. And yet GST reporting continues to present challenges for businesses.