
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.
Get the latest insights on tax compliance and government reporting.
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.

Discover the top 2025 tax trends reshaping compliance. Learn how AI, real-time data, and new mandates are transforming tax into a strategic advantage.



Key highlights: Napa DtC wine shipping eked out an overperformance of the DtC wine shipping channel, which saw nearly universal declines Average bottle price (ABP)

Illinois imposes a statewide sales and use tax rate of 6.25%. The state does allow local jurisdictions to levy additional sales taxes; cities, counties, and
The Rhode Island Department of Revenue recently found that sales of access to online databases should be subject to sales and use tax as this
The recent publication of Technical Notes on the linkage between electronic tax documents (DF-e) and financial transactions represents a significant step in the implementation of
The IRS recently released its 2026 General Instructions for Forms W-2 and W-3, the comprehensive guide for wage and tax statement reporting. This publication is

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

Kansas imposes a statewide sales and use tax rate of 6.5%. The state does allow local jurisdictions to levy additional sales taxes, which means businesses

Hawaii imposes a statewide General Excise Tax (GET) rate of 4%. The state does impose local taxes at the County level. Counties are authorized to