Sovos Annual Tax Compliance Trends Report
Discover the top 2025 tax trends reshaping compliance. Learn how AI, real-time data, and new mandates are transforming tax into a strategic advantage.
December 20, 2024
Knowledge Center
Get the latest insights on tax compliance and government reporting.
Featured content
A Guide to Navigating 1099-DA Compliance
The IRS’s final regulations on digital asset reporting mark a turning point in how crypto brokers, digital asset platforms and taxpayers report transactions. With authorities expecting to process over 8 billion 1099-DA forms annually, organizations must ensure they have a structured and scalable tax compliance strategy in place.
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Real-time Knowledge Center
The latest insights on tax compliance and government reporting from around the world.
Sales & Use Tax
Illinois Sales Tax Guide
Illinois imposes a statewide sales and use tax rate of 6.25%. The state does allow local jurisdictions to levy additional sales taxes; cities, counties, and
January 16, 2026
Tax Information Reporting
Car Loan Interest Deduction: A Guide for Auto Lenders
The Treasury and IRS have begun implementing a new car loan interest deduction that allows many individual taxpayers to deduct interest paid on qualifying vehicle
January 8, 2026
Poland: Ministry of Finance Confirms KSeF 1.0 Shutdown Details Ahead of KSeF 2.0 Go-Live
The Polish Ministry of Finance (MoF) has published a technical communication providing additional details on the previously announced technical maintenance break for KSeF 1.0, scheduled
January 21, 2026
The Gambia: E-Invoicing Proposed in 2026 Budget
The Gambian Ministry of Finance and Economic Affairs has published the 2026 Budget Speech, delivered to the National Assembly in December 2025, which includes a
January 21, 2026
Poland: Draft Proposal to Extend Deadlines for JPK_KR_PD Submission
The Polish Ministry of Finance has published a draft regulation proposing an extension of the deadlines for submitting electronic accounting books (JPK_KR_PD) under the Corporate
January 20, 2026
Sales & Use Tax
Kansas Sales Tax Guide
Kansas imposes a statewide sales and use tax rate of 6.5%. The state does allow local jurisdictions to levy additional sales taxes, which means businesses
Sales & Use Tax
Hawaii Sales Tax Guide
Hawaii imposes a statewide General Excise Tax (GET) rate of 4%. The state does impose local taxes at the County level. Counties are authorized to
Sales & Use Tax
Arizona Transaction Privilege Tax Guide
Arizona imposes a transaction privilege tax (TPT) on businesses in the state and is akin to sales tax administration. As such, it will often be