VAT Compliance in Poland: An Overview for Businesses Poland VAT compliance can be a tall task for those yet to devise a future-proof strategy. Considering legislation changes frequently and the ongoing phased implementation of e-invoicing, it takes a lot of time, money and energy to meet your obligations. This is
Affordable Care Act (ACA) reporting has started for tax year 2023. ACA reporting can quickly become complicated and costly with IRS penalties if your business does not have an efficient process in place. Although regulations have generally stayed the same for this reporting season, there are some important updates all
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Elcim Sirek and Marcelo Souza to drive growth and revenue at a time of increasing importance in the global compliance category ATLANTA, JANUARY 31, 2024 – Global compliance technology solutions and services provider Sovos today announced the appointment of two new sales leaders. Elcim Sirek has been promoted to the
VAT Compliance in Romania: An Overview for Businesses Romanian VAT Compliance can be described as a layered system conflated with different declarations and requirements, from SAF-T obligations to electronic invoicing. In this page, businesses aiming to remain compliant and looking to know the most up to date news, can find
Dominican Republic e-invoicing The Dominican Republic is just one of the many nations that are turning to e-invoicing. From 2024, established taxpayers will be required to meet strict new rules for how they execute business transactions. Understanding what’s to come is vital, as is choosing a partner with the technical
In this webinar, we will explore why global manufacturers must embrace technological advancements in tax automation as part of their compliance strategies to stay ahead of auditors and government authorities. Sovos experts will shed light on the EU perspective that often demands near-real-time data transmission, exposing manufacturers to heightened transaction
Delaware’s Secretary of State (SOS) recently advised that they plan to send invitations to companies to participate in the Delaware Voluntary Disclosure Agreement (VDA) program on February 23, 2024, and July 26, 2024. In the event that a company receives an invitation to participate in the VDA program and is
Acquisition comes amid changing regulatory mandates and thresholds for e-Filing across multiple forms ATLANTA – January 11, 2024 – Global compliance technology solutions and services provider Sovos announced today it has acquired North Dakota-based Aatrix Software, a leader in payroll tax forms, extending our leadership in compliance with enhanced
Constandi to lead customer success and engagement to drive recuring revenue and customer retention ATLANTA, JANUARY 9, 2024 – Global compliance technology solutions and services provider Sovos today announced the appointment of Dominic Constandi as its new Chief Customer Officer. In this role, he will initiate and drive customer
As tax authorities continue to digitize processes in their mission to reduce fraud and close their VAT gaps, they are introducing requirements that provide greater visibility into a company’s financial operations in the form of Continuous Transaction Controls (CTC). It would be a mistake to think that being prepared to
Like many of you, I read the news that Vertex had officially moved forward with plans to acquire Pagero with interest. This hardly comes as a surprise. These two companies already had a commercial relationship and since their October public announcement of a strategic partnership, a number of industry insiders
November 2023 saw a sharp increase in the number of Notices Requesting Verified Reports for Report Year 2022 being issued by Delaware. After further research, Sovos learned that Delaware recently contracted four third-party audit firms (Kelmar, Specialty Audit Services, Discovery Audit Services, and Escheatment Experts Consulting Services) to perform the
VP of Strategy and Regulatory to guide international trade association for e-invoicing service providers ATLANTA – December 11, 2023 – Global compliance technology solutions and services provider Sovos announced today that GENA (former EESPA), an international trade association for a large and dynamic community of e-invoicing service providers, has elected
Romania e-invoicing E-invoicing in Romania is developing fast. With a current B2G and High Fiscal Risk B2B mandate already in place and a new obligation facing all companies with operations in Romania from 1 Jan. 2024, it can be hard to stay on top of your business’ requirements. Failing to
Romania SAF-T declaration Since 2022, medium and large taxpayers in Romania have had to report their VAT electronically to the tax authority under the international standard known as SAF-T (Standard Audit File for Tax). Romania implemented SAF-T to improve the data it receives in VAT returns, requiring more granular detail
Your Guide to Form 1042 eFiling Businesses must understand the requirements for electronically submitting Form 1042 returns. Need a solution now? Ask our experts which solutions and products meet your tax reporting needs. Talk to an expert The IRS released changes to electronic filing requirements for information returns effective with
Spain e-invoicing: What you need to know Spain e-invoicing Spain is one of many European countries to adopt e-invoicing for taxpayers. With several standards to comply with and additional regional VAT compliance, understanding Spain’s e-invoicing requirements can be complex. Our regulatory experts break down what you need to know, from