Content Library

As the IRS prepares to release Form 1099 reporting requirements for virtual asset transactions, VASPs need to evaluate the various aspects of virtual currency cost basis calculations and the resulting tax withholding and information reporting considerations.

Download the e-book for the latest guidance on how to comply with VAT rules in a post-Brexit world and how to protect your cross-border trade.

The second annual Sovos Sales and Use Tax report delves into numerous issues impacting the industry, including the long-term implications on regulatory authorities from COVID-19 and how the existing tax gap is fueling new approaches to oversight and enforcement of current laws and standards.

Sales tax holidays – or a tax free weekend, depending on where you live – are welcome reprieves for consumers, looking to save money when they can. But retailers’ tax departments might not be as excited.

Incoterms define the responsibilities of buyers and sellers in international transactions, including VAT implications for cross-border trade.

At Sovos, we are IPT compliance specialists and we solve tax for good. Insurance Premium Tax is one of our specialisms, and we know it well.

Let Sovos’ VAT Managed Services manage your VAT compliance obligations. VAT reporting and returns. Continue to trade with confidence.

Incorporating ecommerce channels is quickly becoming a priority for businesses. However, there are key considerations to ensure a smooth and compliant sales tax process, while also prioritizing a positive customer experience. The right solution will help organizations save time and money, while also improving sales tax efficiency.

We explore the driving forces behind the VAT evolution and why it has led to increased complexity for organizations conducting business internationally.

From 1 July 2021, the existing Mini One Stop Shop (MOSS) scheme transitions to a new framework. This is the 2021 EU e-commerce VAT package. This e-book guides you through the EU’s OSS, IOSS and the new VAT rules for e-commerce.

The digitization and increasing complexity of sales and use tax has necessitated that most organizations rethink their approach to sales tax and compliance management.

If you’re an EU business with B2C sales in other EU Member States or based outside the EU with B2C sales to the EU, 1 July 2021 will bring significant change.

The business needs of a multi-faceted organization are endless and priorities can quickly become skewed. Make sure tax is considered in an organization’s approach to its cloud strategy.

As an early adopter of the ‘clearance model’, Turkey positions itself as one of the leading countries in the world when it comes to tax digitisation.

U.S.-based manufacturers and global manufacturers with a U.S. presence must understand how rapidly changing sales and use tax complexities impact their business operations.

To protect your business from painful tax audits and potential penalties and fines you need a solution capable of updating laws and regulations in real time and that doesn’t absorb resources away from your core business.

Compliance is consequently becoming more complex and intrusive into core financial and physical supply chains. For these reasons, VAT a tax which must be given a much higher position on any finance director’s agenda than before.

Spain is one of the most complex countries within Europe for insurance premium tax compliance. The complexities and challenging means of reporting liabilities only adds to the difficulties for insurers writing policies in the country.