Flexible integration solutions streamline business operations while meeting tax and regulatory demands (ATLANTA) April 10, 2024 – Sovos, the always-on compliance company, today announced the availability of an enhanced Connector Marketplace, making it more efficient for customers and partners to connect to Sovos’ Compliance Cloud. Through these connectors, companies can
Sovos NFCom Smart High-volume intelligent messaging, capable of integrating invoice systems, validating CPF and CNPJ and correcting errors. Communication and Telecommunications Service Invoicing Issue NFCom in bulk, integrated with your invoicing systems. Sovos’ NFCom Smart works as an intelligent orchestrator of the entire NFCom issuing process. With it, your company
Keeping up with e-invoicing requirements has never been a bigger task, especially if you operate internationally. Join us as we share the latest information necessary to successfully navigate the latest updates to the global e-invoicing landscape. This webinar will cover: • Expansion of Romania’s e-transport mandate since December 2023 •
The Inland Revenue Board of Malaysia has released new versions of the e-invoice and e-invoice specific guidelines, alongside a new version of the Software Development Kit (SDK). The update to SDK, first launched in February, includes clarifications and new technical information, namely e-signature requirements for the CTC mandate, going live
Colorado imposes a Daily Vehicle Rental Fee on motor vehicle rentals 30 days or less and certain car sharing rentals. The rate may adjust for inflation each year. For the period of July 2024 to June 2025, the fee amount will increase to $2.23 from $2.13. Further information concerning the
On April 3rd, the Polish Ministry of Finance (MoF) presented proposed changes to the VAT legislation affecting KSeF, along with draft interface specification v. 1.9 introducing new functionalities. These include the ability to issue invoices in offline modes and integrate PEF with KSeF. The public consultation about both drafts is
Maryland will waive penalties and interest for late withholding for Maryland businesses from January 1 to May 31, 2024, in the wake the Key Bridge collapse. Provided payments are made by May 31, 2024, any late payments during that period will not be subject to late penalties or interest. The waiver
The IRS recently released its 2024 Instructions for Form 1099-B, the form for reporting proceeds from broker and barter exchange transactions. The updates to the instructions were primarily editorial in nature, including removing references to the yearly General Instructions for Certain Information Returns and replacing them with references to the
The Saudi Arabian Tax and Customs Authority, ZATCA, announced the tenth wave of Phase 2 of e-invoicing. The tenth wave covers taxpayers with at least SAR 25 million (app. USD 6,6 million) revenue subject to VAT for 2022 or 2023. Taxpayers within this group are expected to integrate as of
On March 29th, Romania enacted the Emergency Order 30/2024 confirming the extension of the e-reporting grace period until the May 31st, 2024. The original grace-period was set to end on March 31st, and penalties would apply from April 1st, 2024. This much-anticipated postponement aims to allow taxpayers extra time to
Beginning January 1, 2024, Oregon requires individuals to report the hiring of independent contractors. Although the law is effective January 1, 2024, reporting is not required until Oregon releases additional guidance. Oregon plans to release additional guidance in Spring 2024. Until then, Oregon is conducting a soft launch of the independent contractor reporting requirements. Employers
The IRS recently released its 2024 Form 1099-B. The 1099-B is for the reporting of proceeds from broker and broker exchange transactions to the IRS. Brokers or barter exchanges must file Form 1099-B for a variety of transactions including sale of stocks and commodities, receipt of stock or property from
The French authorities have published a new Decree amending the Decree of 7 October 2022, which includes provisions for Partner Dematerialization Platform (PDP) operators. PDPs are accredited service providers under the French Continuous Transaction Controls (CTC) system set to roll out in September 2026. The new decree, dated 25 March,
On March 21, 2024, Wisconsin Governor Tony Evers signed Assembly Bill 29 which creates a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as coins, bars, rounds, or sheets that contain at least 35 percent gold, silver, copper, platinum, or palladium that are
The schemas for the Norwegian Financial SAF-T have been updated to version 1.30 and are accessible here. Effective January 2025, compliance with the new schema version will be mandatory. Until then, entities are permitted to continue using the previous version, 1.2. Since 2020, Norwegian tax regulations mandate that Financial SAF-T
Virginia enrolled legislation, HB 1429, allows local governing bodies to exempt “indoor, closed, controlled-environment commercial agriculture facility” farm machinery, farm equipment, and farm implements from sales tax effective July 1, 2024. “Indoor, closed, controlled-environment commercial agricultural facility” is inclusive of greenhouse or vertical farming. For more information, please find the
Sovos, the always-on compliance company, today announced a joint business relationship with the Belgian PwC Firm PwC Business Advisory Services bv/srl (hereinafter: “PwC”), leveraging the companies’ complementary tax and advisory service expertise and solutions to address vital e-invoicing and e-reporting needs. Through this joint business relationship, Sovos and PwC clients
The Hungarian Government recently announced a new Government Decree (No. 52/2024), which alters the existing IPT regulations. The rules outlined in this decree have not been integrated into the IPT law (No. 102/2012), and apply from the April 2024 period which is due to be settled by 20th May 2024.