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.
ShipCompliant
DtC Alcohol Shipping Laws: A Wishlist for 2026
Key Highlights: 2025 saw major changes to DtC alcohol shipping laws, especially for wine Mississippi and Delaware opened new markets but with restrictive provisions Several
February 13, 2026
Sales & Use Tax
Eliminating State Income Tax: Promise or Peril?
Should states eliminate their corporate and personal income taxes and replace them with a broad-based sales tax applied at a modest rate? The White House Council of Economic Advisers says absolutely yes. In a
February 10, 2026
Sweden Temporarily Reduces VAT on Food
Beginning April 1, 2026, VAT on food in Sweden will decrease to 6%. The 6% rate will be in effect until December 31, 2027. The
March 6, 2026
Denmark: OIOUBL 2.1 to Be Phased Out in Favor of NemHandel BIS 4
The Danish Business Authority has indicated that the national e-invoice format OIOUBL 2.1 will be gradually phased out and replaced by NemHandel BIS 4 —
March 6, 2026
Hungary: NAV Publishes ViDA Implementation Concept
Hungary’s National Tax and Customs Administration (NTCA/NAV), in collaboration with the Ministry for National Economy (NGM), has released a post-consultation information material outlining the country’s
March 3, 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
Sales & Use Tax
Banks, Lenders & Fintechs: The $750K Tax Leak You Don’t Know You Have
Why Financial Institutions Overpay Sales & Use Tax and How to Stop It $750,000. That’s how much one mid-size U.S. bank recovered in a single
Sales & Use Tax
Arkansas Sales Tax Guide
Arkansas imposes a statewide sales and use tax rate of 6.5%, as established under the Arkansas tax code. While Arkansas does not allow local jurisdictions