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.
VAT & Fiscal Reporting
CATNAT Regime: Treatment of Natural Catastrophe Insurance in France
As some countries either introduce or consider introducing mandatory natural catastrophe insurance (e.g., Italy this year), France is ahead of the curve. This is because
April 29, 2025
VAT & Fiscal Reporting
Hungary: Tax Penalty Regime
Hungary’s tax penalty consequences of non-compliance with tax requirements are governed by the Act on Rules of Taxation. The law outlines a range of sanctions
April 15, 2025
South Africa Cancels VAT Increase
After considerable opposition from the Democratic Alliance and several smaller political parties the South African Government has announced that it is cancelling its planned VAT
April 29, 2025
Pakistan: Mandatory e-Invoicing Integration Deadlines Announced
The Federal Board of Revenue (FBR) of Pakistan has issued notification S.R.O. 709(I)/2025 mandating electronic integration of hardware and software systems for registered persons under
April 29, 2025
Arkansas to End State Tax on Groceries
Arkansas recently passed HB 1685 which removes the state sales tax on food and food ingredients effective January 1, 2026. Local level sales tax will
April 29, 2025
VAT & Fiscal Reporting
The Rise of Pre-filled Returns in Greece
As governments worldwide continue to shift to Continuous Transaction Controls (CTC) systems, such as e-invoicing and real-time e-reporting, another trend organically unfolds as part of
ShipCompliant
Beyond Beer: Legal Steps to Expanding Alcohol Production
Believe it or not, there’s more to life than beer. There’s wine, spirits, cider, kombucha, hard seltzers—even non-alcoholic products. But just because a brewery has
E-Invoicing Compliance
Changes in Electronic Receipt Regulations in Costa Rica: What You Need to Know
Important changes in Costa Rica’s electronic receipt regulations have been introduced by the tax authority through the new mandate 44739-H. This new regulation, published on