Value Added Tax
EU E-Commerce VAT Package FAQs: Understanding Marketplace Liability
The EU E-Commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS) bring significant changes to VAT
Category: Value Added Tax
Value Added Tax
Looking to Cut Tax Compliance Costs? Consider Tax Solutions Before Migrating to SAP S/4HANA
As the digitization of tax continues, many organizations are looking to reduce the complexity and cost of tax compliance. In our latest spotlight report, created
Value Added Tax
Fiscal Representation Post-Brexit – Requirements for UK Companies Trading in the EU
Non-EU companies are required to appoint a Fiscal Representative in order to be registered for VAT in many Member States. Following the end of the
Electronic Invoicing
French E-invoicing Mandate Update: Government Revises Rollout Schedule
When the French Tax Authority published its report last fall, unveiling the continuous transaction control (CTC) plans for France, we questioned whether it would be
Value Added Tax
VAT Trends: Aggregator Liability – What You Should Know
This blog is an excerpt from Sovos’ annual VAT Trends report. Governments are increasingly putting liability for reporting and/or paying VAT on platforms that already
Electronic Invoicing
Asia E-invoicing: New Developments in the Region
Having originated in Latin America, the next region set to embrace continuous transaction controls is Asia. Several jurisdictions in the region have announced their intent
Value Added Tax
The EU E-Commerce VAT Package: Lessons Learned Two Months On
On 1 July 2021 the EU E-Commerce VAT Package was introduced. The package replaced existing distance-selling rules and extended the Mini One Stop Shop (MOSS)
Value Added Tax
Are You Planning for the Future of Indirect Tax?
The digitalization of tax is imminent. Is your organization staying current with the ERP evolution? In our latest Spotlight Report, created in partnership with Americas’
Value Added Tax
The Effects of Current Events on Supply Chains
Over the past year supply chains have taken a significant hit with the Covid-19 pandemic and Brexit to name a few. It is essential to
Value Added Tax
Audio Blog: What is the Import One Stop Shop?
What is the Import One Stop Shop? Find out in three minutes The Import One Stop Shop (IOSS) is here. Since July 2021, businesses selling
Value Added Tax
Korea Takes Steps to Avoid Tax Evasion
Korea’s National Tax Service recently shared an investigation in which it discovered several foreign companies were evading tens of billions of dollars in taxes to
Value Added Tax
Decode Incoterms in 7 minutes
Incoterms are set by the International Chamber of Commerce and outline the responsibilities of buyers and sellers while making international transactions. Understanding the relationship between
Electronic Invoicing
Portugal: How to Prepare for 2022 E-Invoicing Changes
Back in 2019, Portugal passed a mini e-invoicing reform consolidating the country’s framework around SAF-T reporting and certified billing software. Since then, a lot has
Value Added Tax
The French CTC Mandate – Your Questions Answered: Part 2: Reporting Obligations
Welcome to our Q&A two-part blog series on the French e-invoicing and e-reporting mandate, which comes into effect 2023-2025. That sounds far away but businesses
Value Added Tax
The French E-invoicing Mandate: Your Questions Answered
In our recent webinar, Sovos covered the new French e-invoicing and e-reporting mandate, and what this means for businesses and their tax obligations. We are
News
G20 Ministers Agree to Move Forward with Global Tax Reform Deal
In the “Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalization of the Economy” issued on 1 July 2021, members
News
What the Modernization of Intrastat Means for Businesses
What is Intrastat? Intrastat is a reporting regime relating to the intra-community trade of goods within the EU. Under Regulation (EC) No. 638/2004, VAT taxpayers
Electronic Invoicing
Poland: Krajowy System e-Faktur moves to next phase of legislative process
Progress has been made in the roll-out of the Polish CTC (continuous transaction control) system, Krajowy System of e-Faktur. Earlier this year, the Ministry of