Knowing how to calculate IPT and the corresponding parafiscal surcharges (hereinafter collectively referred to as IPT) is an art. Rules differ by national jurisdiction so ensuring compliance with IPT obligations is not just a regulatory requirement for insurers – it’s essential to avoid financial penalties and reputational risk. That’s why
Gwenaëlle Bernier – Partner & Avocate Associée G56, Tax Technology & Transformation at EY As France’s ambitious e-invoicing mandate approaches, Gwenaëlle Bernier – speaker at the Tax Compliance Summit Sovos Always On: Paris (19 Nov.) – shares expert insights on how digital transformation is reshaping tax compliance and operational performance. This
The IRS has confirmed the retirement of the long-standing FIRE system, ushering in a new era of information return filing through IRIS. After serving as the backbone of electronic tax reporting since the 1980s, this significant change will reshape how organizations approach information return filing. Join Sovos tax experts for
The “One Big Beautiful Bill” (OBBB) represents one of the most sweeping shifts to the tax compliance landscape in recent history. With wide-ranging provisions that touch nearly every corner of information reporting and withholding (IRW), this legislation will fundamentally reshape how organizations manage compliance, reporting, and operational risk. For tax
We’re excited to announce Sovos as a proud Gold Sponsor of the Tax Technology Conference 2025, taking place this November in Frankfurt.
Sovos is proud to be a Premium Sponsor of the 9th Indirect Tax & VAT Management Summit — the leading event for global tax professionals tackling the biggest challenges in indirect tax and VAT.
This eBook is intended to help guide businesses through the ERP transformation process as it relates to tax and compliance.
Sovos offers the most comprehensive end-to-end indirect tax compliance solution for SAP customers – including e-invoicing, tax determination, filing, and reporting for on-prem and cloud SAP environments. ATLANTA, GA, October 1, 2024 — Sovos, the always-on tax compliance company, announced the availability of its Indirect Tax Suite for SAP, the first
Comprehensive Tax Compliance for SAP Ready Today, Future-Proof for Tomorrow Always-on compliance Sovos ensures SAP indirect tax compliance won’t disrupt your ERP As technology transforms your business, your ERP—and tax compliance—are evolving too. With the shift to S/4HANA and governments demanding more transparency there’s a need for always-on compliance and
The Government of the Republic of Slovenia has released a draft proposal to implement mandatory e-invoicing and e-reporting for B2B and B2C transactions. This implementation would mark a significant shift in the country’s e-invoicing landscape. Should the proposal be approved, taxpayers will be subject to a two-fold obligation: they must
Intrastat is an obligation created in 1993 that applies to certain businesses that trade internationally in the European Union. Specifically, it relates to the movement of goods – arrivals and dispatches – across EU Member States. The requirements of Intrastat remain similar across the EU, though certain Member States have
Bizkaia is a province of Spain, and a historical territory of the Basque Country, with its own tax system. Before the approval of the Batuz strategy, the Bizkaia tax authority developed different approaches to implement a comprehensive strategy that would reduce tax fraud. The goal was to stop fraud from
Insurance Premium Tax: Your IPT Guide Who should read this Guide? This guide to Insurance Premium Tax (IPT) is for insurers, brokers and anyone needing to understand IPT compliance. From tax managers to financial controllers and compliance managers, this guide provides information and advice for all those working in tax
Update: 3 November 2022 by Russell Hughes Making Tax Digital – Filing VAT Returns through Online VAT Account to become redundant From Tuesday 1 November 2022, businesses filing VAT returns in the UK will no longer be able to submit via an existing online VAT account unless HMRC has agreed
France is implementing a decentralised continuous transaction control (CTC) system where domestic B2B e-invoicing constitutes the foundation of the system, adding e-reporting requirements for data relating to B2C and cross-border B2B transactions (sales and purchases). Under this upcoming regime, data or invoices can be directly sent to the Invoicing Public
Update: 2 March 2023 by Kelly Muniz Postponement of EFD-REINF Deadline for Events Referring to Withholding IRPF, CSLL, PIS and COFINS The publishing of Normative Instruction RFB n. 2.133, of 27 February 2023 postpones the deadline of the obligation to submit EFD-REINF (Digital Fiscal Record of Withholdings and Other Fiscal
There are several countries within the European Union (EU) and European Economic Area (EEA) that have introduced a Fire Brigade Tax (FBT). Fire Brigade Tax is payable on certain premium amounts and usually in addition to Insurance Premium Tax (IPT). Fire Brigade Tax, or the Fire Brigade Charge (FBC) or
Clarity in Times of Uncertainty Tax compliance doesn’t need to be taxing. We’re here to help wherever you are on your compliance journey. Whether expanding into new markets, protecting supply chains or already operating cross-border trade, Sovos is your tax compliance partner. We take care of the details so you