Don’t just take our word for it. There’s a reason Sovos products are used by over half the Fortune 500 and the world’s smartest companies.
Sovos and the Manufacturers Alliance partnered to conduct a survey to gain a better understanding of trends in sales and use tax compliance. This survey asked manufacturing leaders what they are seeing and the strategies they are using to reduce risk and attain a more efficient filing process.
France – Mandatory B2Be-Invoicing 2024 Faced with a VAT gap of nearly €13 billion, France is introducing mandatory e-invoicing for business-to-business (B2B) transactions from 2024, as well as e-reporting of additional data types. Applying to all companies established or, for e-reporting, VAT-registered in France, this new mandate is complex. It will also require significant planning. […]
Periodic VAT reporting takes time. Data must be accurate, its format must be correct, deadlines cannot be missed and additionally the frequency of submissions puts significant pressure on teams responsible for VAT reporting.
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.