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.
Solution: Tax Compliance
Kentucky Releases 2025 Withholding Updates
The Kentucky Department of Revenue recently updated its withholding resources to reflect several notable changes for 2025. Most significantly, a new online system has been
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
7th Annual VAT Management Summit
We are thrilled to announce that Sovos will be Diamond Sponsors at the 7th Annual VAT Management Summit in London. The event brings together leading experts and professionals to discuss the latest trends, regulatory updates, and best practices in VAT compliance, indirect tax management and the global digital transformation of tax.
Noticias / Blog
What long-term changes are expected in Brazil as a result of the reform?
Several changes are expected in Brazil in the long term as a result of the tax reform. This represents a transformation.
Events
TEI Tax Technology Seminar
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.
President Trump Signs House Joint Resolution 25, Overturning DeFi Broker Reporting Rule
On April 10, 2025, President Donald Trump signed House Joint Resolution 25 (H.J. Res. 25) into law, officially nullifying an IRS rule that sought to impose
Tax Compliance
Tax Compliance 2025: 5 Key Trends in Indirect Tax Digitization
As indirect taxes (sales tax, VAT, GST) continue to play an increasingly vital role in global economies, tax authorities are modernizing their processes to improve
Tax Compliance
What do you do when your tax data doesn’t match the government’s?
With the advent of real-time reporting and data collection, today’s reality is that the governments and tax authorities often know more about your business than you do.
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
Spain: SIF/VERI*FACTU deadline officially pushed to 1 January 2026
Today the Spanish Government approved a Royal Decree and made official the new date from which taxpayers, that are not using SII, will be required
Tax Compliance
Building a Case for Digitization Investment in the Tax Department
In today’s digital world, every department across a business seeks money and resources to enable or expand digitization projects. The tax team must build a
Events
Factuurcongres®
Join Sovos at Factuurcongres®, where digital transformation and EU regulations take centre stage. Discover the latest trends, connect with peers and explore smart solutions to optimise your financial processes.
Greece: Introduction of Deviation Limits for Pre-filled Income Tax Returns
The Greek authorities have published Decision 1045/2025, implementing regulations under the Greek Tax Procedure Code regarding pre-filled income tax returns. Particularly, the decision regulates the
1099
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.
Joint Resolution for Congressional Disapproval of DeFi Crypto Regulations Passes House and Senate
On March 11, 2025, the United States House of Representatives passed H.J.Res. 25, which provides for congressional disapproval of the DeFi crypto regulations published on
Croatia- Draft Law Proposal and Public Consultation Launch
Croatia has published a Draft Law on the Law on Fiscalisation and opened a Public Hearing from 27 February 2025 to 25 March 2025. The draft law broadens the current Fiscalisation
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