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Many tax authorities are increasing their focus on the insurance industry in an effort to close tax revenue gaps, with many introducing Insurance Premium Tax (IPT) and other indirect taxes for insurance. Globally, IPT is fragmented across over 200+ countries and achieving compliance can be a complex process requiring specialist knowledge.

Managing sales and use tax can be complicated, complex and distracting for organizations, most notably small and medium-sized businesses. Sovos surveyed 250 individuals who have responsibility for sales tax management/administration at their organization to learn their concerns and frustrations.

Learn how the government is implementing real-time mandates and what your organization needs to prepare for.

Infographic Unquantifiable Costs and Hidden Risks of Government Mandated E-Invoicing Government mandated e-invoicing contains layers of costs and risks IT leaders need to navigate to remain compliant. While some risks may seem obvious, what is lurking beneath the surface can cause significant financial and reputational damage to your organization. Find out which costs and risks […]

We explore what’s driving the evolution of sales tax and how the right tools can give you sales tax peace of mind.

Black Friday and Cyber Monday 2021 didn’t break any records for ecommerce sales, and they actually saw a slight dip in numbers compared to 2020.

How can manufacturers navigate the ever-evolving and increasingly complex world of sales and use tax? There are several key ways to evaluate your current and future approach to sales tax, maintaining compliance the entire way.

Indirect tax compliance can be a behemoth and cause unnecessary strain on IT department resources. Is your company’s digital transformation keeping up with the governments in the locations you do business?

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.

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.

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.

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

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.

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.

White paper Don’t Let Government Mandated E-Invoicing Stop Your Business Governments are moving away from ad hoc e-invoicing oversight in favor of always-on transparency and enforcement. Your ERP, accounts payable/receivable, procure-to-pay, order-to-cash, supply chain and logistics, and HR and payroll systems – they’re all in play. This new level of mandated transparency introduces a new […]