The crypto industry stands at a pivotal moment. With the Trump administration’s pro-innovation stance and the release of the comprehensive White House Digital Assets Report, we’re witnessing a fundamental shift in how federal policy approaches digital assets. At Coindesk’s recent Policy and Regulation event, multiple roundtables convened simultaneously to examine
The U.S. wine industry has spent decades building a thriving direct-to-consumer (DtC) shipping channel that’s now worth nearly $4 billion annually. Spirits, on the other hand, are still stuck at the starting line. The 2025 Direct-to-Consumer Spirits Shipping Report, co-published by Sovos ShipCompliant and the American Craft Spirits Association (ACSA),
Sovos and WineBusiness Analytics mid-year analysis reveals continued dip in volume and value (ATLANTA) SEPTEMBER 4, 2025 – Amid broader declines in the wine and beverage alcohol sectors, the direct-to-consumer (DtC) wine shipping channel is set to face another difficult year. According to the 2025 Direct-to-Consumer Wine Shipping Mid-Year Report from Sovos
The direct-to-consumer (DtC) wine shipping channel has seen a continuation of the trajectory tracked in the January release of the Sovos ShipCompliant/WineBusiness Analytics Direct-to-Consumer Wine Shipping Report, with the channel experiencing a dip in volume and value. This year’s review of the DtC market at the mid-year digs into those
On August 15, Delaware Governor Matt Meyer signed HB 187, a bill that establishes direct-to-consumer (DtC) wine shipping privileges in the state. While the addition of another state to the DtC wine shipping map is usually a cause for celebration at Sovos ShipCompliant, there are many reasons to take exception
Direct-to-consumer (DtC) wine shipping has evolved significantly over the past two decades, from a niche service to a cornerstone of many wineries’ sales strategies. In 2025, two long-restricted states, Arkansas and Mississippi, passed new DtC wine shipping laws that significantly expand access for consumers and open new markets for producers.
The Tax Reform was finally approved in Brazil in January 2025. The most ambitious change ever made to the country’s tax system.
By Freda Pepper, General Counsel, Unclaimed Property Sovos regulatory team is tracking a petition filed with the Supreme Court in Peters v. Cohen, a case that raises fundamental questions about how state unclaimed property laws handle dormant assets and the constitutional protections owed to property owners. The petition presents issues
As wine lovers raise a glass to celebrate National White Wine Day on August 4, we’re taking a look at how white wines—particularly Chardonnay and Sauvignon Blanc—have performed in the direct-to-consumer (DtC) shipping channel over the past three years. While the DtC market has faced economic pressure and shifting consumer
Effective July 14, 2025, the German Ministry of Finance (BMF) issued an amendment to the GoBD (German Principles on Bookkeeping), aligning the country’s digital archiving requirements with the upcoming mandatory B2B e-invoicing as of January 1, 2025. The update provides long-awaited clarity for taxpayers and software providers regarding the format,
VAT in the Digital Age (ViDA) is one of the most significant regulation changes to EU VAT in recent years. Changes to requirements became effective on 12 March 2025 with the official adoption of the package, with further rules coming into effect in 2030. This blog discusses the changes impacting
A draft law was recently submitted to Parliament by the Ministry of Finance, proposing amendments that would establish a mandatory e-invoicing regime for business-to-business (B2B) transactions. Scope The draft mandate will introduce the obligation to issue e-invoices for a) B2B transactions within Greece between entities subject to Greek accounting rules
With the pilot phase of France’s e-invoicing reform fast approaching, we’re prepared to support businesses every step of the way. As a global provider of tax compliance solutions and a trusted technology partner, we’re ready to help companies navigate the upcoming transition with confidence. Preparing for a Milestone Year The
Norway’s Tax Administration (Skattedirektoratet) has published a formal consultation document (høringsnotat) containing a proposal to introduce mandatory digital bookkeeping and mandatory B2B e-invoicing for businesses subject to bookkeeping obligations. These changes are proposed as amendments to the Bookkeeping Act and Bookkeeping Regulations. The proposal outlines a phased implementation, with the
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Uncover what sales tax is, how it works! This guide provides everything from rates and exemptions, to how it varies by location and product type.
Sovos recently participated in a roundtable discussion facilitated by the IRS regarding digital asset reporting requirements. This session provided valuable insights into the upcoming 2025 reporting landscape and clarified several critical points for digital asset businesses preparing for compliance. IRS Position on 2025 Digital Asset Reporting Timeline Based on recent
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 for non-compliance, including tax penalties, default penalties, late payment interest and self-revision fees. This blog will provide an overview of each sanction and summarize recent