Tax Compliance
AEOI Updates: May 2017
Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos Regulatory Analysis team continually
Category: Tax Compliance
Tax Compliance
Massachusetts Develops a Novel Approach to Nexus – What It Means To Ecommerce Sellers
Massachusetts is attempting to avoid a head-on challenge to Quill, opting instead for rules that stretch — but attempt not to break — the physical
Hungary Adopts Real-Time Reporting Regulations
As European governments trend toward electronic invoicing mandates to gain visibility into corporate tax liability, all eyes are watching Hungary. The NAV, Hungary’s tax authority,
AEOI Updates: Jan. 21 – Feb. 3
Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors
New Report: Leading Financial Institutions Weigh in on Tax Reporting Best Practices
Tax information reporting can be tricky for businesses. Many organizations do not have the internal resources to assign a devoted team to compliance efforts, as
Tax Compliance
E-Reporting in Spain: Is Everything Ready?
As informed in previous posts, from 1 of July of 2017, big taxpayers in Spain will be obliged to report invoice data on inbound and
1099 Updates: Jan. 2017
Regulatory and legislative updates to 1099 form requirements between Dec. 28, 2016 and Jan. 11, 2017. Individual states and the IRS introduce new 1099 form
Expert Q&A: What Does Trump’s Executive Order Mean for Employers?
President Trump took immediate steps to fulfill his campaign promise to repeal the Affordable Care Act on his first day in office. The President signed
AEOI Updates: Jan. 6 – Jan. 20
Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors
Three ACA Replacement Plans Emerge
The future of the Affordable Care Act is coming into focus. Last week, the Senate and House of Representatives held “budget blueprint” votes, setting the
Despite “Repeal and Replace” Momentum, Affordable Care Act’s Employer Mandate Likely to Stand Through 2018
Congress approved a budget blueprint last week that sets up a vote on a formal repeal measure as soon as January 27th. However, Republicans remain
VAT News – European Union country by country summary of December 2016
Here is a country by country summary of value-added-tax news that transpired during the month of December 2016. Belgium: Draft Bill on Tax Fraud Prevention
AEOI Updates: Dec. 19 – Jan 6, 2017
Automatic Exchange of Information (AEOI) legislation is constantly evolving worldwide as the standard is rolled out around the world. The Sovos research team continually monitors
1099 Updates: Dec. 13 – Dec. 27, 2016
Individual states and the IRS introduce new 1099 form requirements and changes to existing legislation on a frequent basis. Sovos documents each of these updates
5 Things Businesses With Colorado Customers Could See Next
Online sellers around the country have been waiting for nearly a year to see if Colorado’s controversial use tax notice law, which some characterize as
Arizona simplifies, consolidates sales tax reporting
In a perpetually evolving tax landscape, tax administrators are constantly pushing the traditional bounds of the collection responsibility of taxpayer. The most recent developments are
U.S. Supreme Court lets Colorado sales tax law stand
Final Disposition of DMA v. Brohl Litigation Could Pave the Way for Vendor Notice Rules. On December 12, 2016 the United States Supreme Court denied
Criminal Finances Act Expands Scope of Corporate Criminal Liability; Has Significant Implications for Financial Services Providers
Financial Institutions grappling with the advent of the Common Reporting Standard (CRS) will need to stay abreast of another important piece of new UK legislation