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.
December 20, 2024
Knowledge Center
Get the latest insights on tax compliance and government reporting.
Featured content
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. 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.
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Real-time Knowledge Center
The latest insights on tax compliance and government reporting from around the world.
VAT & Fiscal Reporting
Hungary: Tax Penalty Regime
Hungary’s tax penalty consequences of non-compliance with tax requirements are governed by the Act on Rules of Taxation. The law outlines a range of sanctions
April 15, 2025
VAT & Fiscal Reporting
ViDA: A Timeline
VAT in the Digital Age (ViDA) aims to modernize and simplify the European VAT system. ViDA was officially adopted by the EU on 11 March
April 10, 2025
Utah Repeals Transaction Threshold for Economic Nexus Effective July 1, 2025
Beginning on July 1, 2025, Utah will modify its economic nexus laws by removing the transaction threshold for remote sellers and marketplace facilitators. Currently, remote
April 18, 2025
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
April 18, 2025
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,
April 18, 2025
ShipCompliant
Beyond Beer: Legal Steps to Expanding Alcohol Production
Believe it or not, there’s more to life than beer. There’s wine, spirits, cider, kombucha, hard seltzers—even non-alcoholic products. But just because a brewery has
E-Invoicing Compliance
Changes in Electronic Receipt Regulations in Costa Rica: What You Need to Know
Important changes in Costa Rica’s electronic receipt regulations have been introduced by the tax authority through the new mandate 44739-H. This new regulation, published on
IPT
The Impact of Climate-Related Events on IPT: ECB & EIOPA Proposal
In a previous blog, we provided an overview of the current and proposed natural disaster-related measurements in some European countries and Australia. In this blog,