Latvia Proposes Postponement of Mandatory B2B e-Invoicing to 2027
The Latvian Parliament (Saeima) is currently considering a proposal to postpone the mandatory B2B e-invoicing go-live date by one year, from 1 January 2026 to
Solution: Tax Information Reporting
Tax Information Reporting
IRS Digital Asset (1099-DA) Reporting Roundtable: Key Insights for 2025 Compliance
Sovos recently participated in a roundtable discussion facilitated by the IRS regarding digital asset reporting requirements. This session provided valuable insights into the upcoming 2025
New York Updates NYS-45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return) and Instructions
New York recently released the new and improved version of NYS-45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return). The updated form must be
Tax Compliance
What will be the impacts of the Tax Reform on technology and how should your company prepare?
In this edition, the focus was on the impacts of tax reform on technology and on how companies can adapt. | Read more here.
Noticias / Blog
Main Tax Reform challenges for companies
There are many challenges of the Tax Reform for companies and they will have to adapt to a specific implementation schedule.
The IRS Updates Form 1099-MISC
The IRS recently released an updated version of Form 1099-MISC, which is used to report a multitude of payment types including rents, royalties, attorney payments,
Events
Tax Reporting & Withholding Conference
Meet the Sovos team at COST’s annual spring meeting and learn about our customer-centric approach to compliance. With solutions for indirect tax, 1099 reporting and more, our team is happy to discuss your global compliance strategy.
IRS Updates Form 1099-Q (Payments from Qualified Education Programs)
The IRS recently released an updated version of Form 1099-Q (Payments from Qualified Education Programs). This form is used to report distributions from qualified tuition
1099
First Time Filing 1099-DA? What You Need to Know (And Do) Before the Deadline
Navigating 1099-DA reporting for the first time can feel overwhelming, especially with evolving IRS guidance and tight deadlines. This webinar simplifies the essentials, from understanding
Sovos 1099-DA Reporting
Sovos Cryptocurrency Tax Compliance Crypto Tax Software for Businesses, Complete Compliance Without Gaps From tax IDs to cost basis to 1099-DAs, every step of crypto
IRS Updates 1099-NEC (Nonemployee Compensation)
The IRS recently updated Form 1099-NEC (Nonemployee Compensation). Beginning with tax year 2025, excess golden parachute payments to non-employees will be reported in Box 3
IRS Releases 2025 General Instructions for Forms W-2 and W-3
The IRS recently released the 2025 General Instructions for Forms W-2 and W-3. There are several notable updates. The due date for filing the 2025
New York Publishes Publication 72.5 (Electronic Reporting of NYS-45 Information)
The New York State Department of Taxation and Finance recently published the new Publication 72.5 (Electronic Reporting of NYS-45 Information) for quarterly reporting. Beginning March
New York Provides Update on Upcoming Changes to Withholding
New York recently updated the webpage it maintains for upcoming changes to its withholding requirements. By March 2025, New York intends to significantly overhaul its
Malaysia: Go-live postponement for certain taxpayers
The Inland Revenue Board of Malaysia (IRBM) has recently updated their guidelines to include a postponement of the CTC mandate for certain small taxpayers. Previously,
West Virginia Lowers Withholding Rate for Gambling Winnings to 4.82%
Effective January 1, 2025, West Virginia requires income tax withholding from gambling winnings at a rate of 4.82%. The same rate applies for backup withholding
IRS Releases 2025 General Instructions for Certain Information Returns
The IRS recently released the 2025 General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, and W-2G). There are notable
PERU: Extended Deadline for Obligated Entities to Regularize RVIE and RCE in SIRE
On January 31, resolution No. 000003-2025-SUNAT/700000 was published. With this resolution, the application of the discretionary power regulated in the Resolution of the Deputy National Superintendence of