Electronic Invoicing
Global CTC Updates: July 2022
Latest Changes 1 July begins the second half of 2022, and in line with that milestone, changes have started to be implemented in the CTC
Category: Tax Compliance
Tax Compliance
IRS to Require Electronic Filing of Form 1042 and Other Returns
This blog was updated on December 13, 2023 Editor’s note: Since this blog was initially published, there have been further updates to the Form 1042 reporting
Electronic Invoicing
Philippines’ CTC E-Invoice Reporting System is Officially Live
The Philippines continuous transaction controls (CTC) Electronic Invoicing/Receipting System (EIS) has been officially kicked off for the 100 large taxpayers selected by the government to
Electronic Invoicing
SIRE: New Peruvian Electronic Record Keeping Mandate
Peru’s tax authority recently approved the SIRE, its Integrated System for Electronic Records. We discuss what the latest requirements mean for taxpayers.
Tax Compliance
One year on for the One Stop Shop – the changes and challenges of the new e-commerce VAT scheme
In this episode of the Sovos Expert Series, Cécile Dessy sits down with Russell Hughes, Consulting Services Manager at Sovos, to explain how these new
Tax Compliance
5 Key Takeaways from the State of Indirect Tax
The State of Indirect Tax, featuring IDC, was a three-session event hosted by Sovos on April 7. It covered IDC’s thoughts on the current and
Tax Compliance
Top 5 Reasons to Attend 2022 Comply & Connect: Reporting
Every year you are invited to attend dozens of different industry conferences, with many offering high-impact keynote speakers and a great depth of potential insights
IPT
Importance of Accurate IPT Liability Calculation in Multiple Jurisdictions
There are many taxes (IPT) and parafiscal charges levied on insurance premiums throughout Europe. As a consequence of the lack of tax harmonisation, no general
Electronic Invoicing
The Global Rise of E-Transport Documents: A Comparison
With VAT gaps growing worldwide, tax authorities are introducing increasingly stringent controls aiming to tighten tax controls, increase revenue and obtain more data on the
Tax Compliance
Insurance Statutory Reporting Due Dates
Insurance statutory reporting filing due dates for the National Association of Insurance Commissioners (NAIC) are spread across the calendar year causing a jumble of different
Tax Compliance
Common Triggers of a VAT Audit
Since many audits seem to occur at random, it’s not always possible to identify the reason why a tax office would decide to initiate one.
Tax Compliance
Trends in VAT Audits – Increased Interest From the EU
A recent report released by the European Commission has stressed the need for Member States to increase the number of audits they undertake, particularly in
Electronic Invoicing
Eastern European Jurisdictions: CTC update
Eastern European countries are taking new steps concerning the implementation of continuous transaction controls (CTC) systems to reduce the VAT gap and combat tax fraud.
Tax Compliance
Will the Middle East be Next to Accelerate CTCs?
Over the past decade, the Middle East region has undergone impactful financial and fiscal changes. VAT was introduced as one of the solutions to prevent
Tax Compliance
E-Commerce VAT Compliance Outside the EU – Low Value Goods
E-businesses have recently been dealing with the change of rules within the EU with the introduction of the E-Commerce VAT Package but it’s also important
Tax Compliance
Norway: Cross-Border VAT Updates
Update: 31 January 2023 by Lorenza Barone Norway extends VAT obligation to Cross-Border Non-Digital Services Norway’s Ministry of Finance has updated legislation involving remotely deliverable
Electronic Invoicing
Italy Expands its E-invoicing Mandate
The Italian government has taken important steps to broaden the scope of its e-invoicing mandate, more specifically by widening the scope of taxpayers subject to
1099
Tax and Unclaimed Property for Mergers and Acquisitions
Mergers and acquisitions (M&A) have always been inherent in the financial institution landscape but have recently increased at an unprecedented pace. A recent Fortune.com article