On June 26, 2017, Governor John Bell Edwards signed House Bill 629 into law (Act No. 424). Under this Act, polyroll tubing for commercial farm irrigation is now exempt from tax, as well as purchases and leases by qualifying radiation therapy treatment centers. Act No. 424 also limits the exemption for fuels and gases to those purchased by consumers for residential use.
Curacao Publishes Revised AEOI Manual and Online Portal Guide
Curacao’s Ministry of Finance has released FATCA and CRS guidance regarding data specifications for XML tra...
2018 Intelligent Reporting Summit Q&A: The Movement to Quantify IT Risk
A new effort seeks to help IT and risk experts speak a common language, coming together to quantify the risk involved in a potential data breach.
Why a Conference in Portugal Could Set a Course for the Future of VAT Enforcement
The CIAT/IOTA conference will bring European and Latin American tax administrations together for the first time. The long-term impact on VAT could be huge.
Mexico in the Digital Age: 7 VAT Compliance Measures to Know
Mexico is adopting new digital models to ensure VAT compliance. Businesses must be familiar with Mexico’s compliance measures in order to avoid penalties.
The Final Countdown to Mandatory eInvoicing in Italy
September 1 marked the second milestone of the entry into force of the Italian eInvoicing mandate – this time targeting certain B2C goods purchased by non-EU citizens over a certain amount. But...
Five Tips to Prepare for Expanded Sales Tax Filing Obligations
South Dakota v. Wayfair Decision Effects on Sales Tax Filing The South Dakota v. Wayfair decision is just a couple months behind us, and states are scrambling to impose new tax collection and...
The Move to HANA: Hidden Opportunities in Worldwide Tax Compliance
With businesses worldwide moving to SAP S/4HANA or HANA Enterprise Cloud, it's the perfect time to develop a strategy to manage tax compliance worldwide.
Sovos Announces 2018 Mid-Year Direct-to-Consumer Channel Data
Notable trends: Oregon wines surging while Napa sales stagnate, Rosé on the rise and Pennsylvania as a leading shipment destination Sovos today revealed data on the performance of the...
Evaluate Your Sales Tax Exemption Certificate Management Process
The time is now to consider your sales tax exemption certificate management process in the face of a vastly expanded virtual nexus footprint post Wayfair.
Sovos Executive to Speak at CIAT/IOTA Conference in Portugal
CIAT and IOTA are non-profits that support governments in evolving taxation policies and strategies. The conference will take place in October.
Intelligent Reporting Summit: EY Expert Explains Why New Regulations are Causing Trouble
Deborah Pflieger of EY tracks trends in tax information reporting. She spoke with Sovos about 1099 reporting trends that are causing problems now.
Webinar: 5 Tips for Tax-Compliant Payables
Get an overview of US tax laws for global supplier payments, cover steps to avoid legal and financial penalties, and review the basics of end-of-year 1099/1042-S tax information.
Sovos Announces Resource to Track Direct-to-Consumer Wine Shipping Rules
Sovos is excited to announce the launch of our new ShipCompliant Direct-to-Consumer (DtC) Wine Shipping Rules resource center. Wineries can use this tool to track the compliance obligations they...
Intelligent Reporting Summit: PwC Expert Explains Why the 1099-K Is Such a Mess
Form 1099-K is the subject of both complexity and controversy. Discover a PwC expert's take on why the form is so difficult and where it's headed.
How to Prepare for New Remote Commerce Taxation Requirements
What should sellers be doing to prepare for the new era of sales tax where states have enacted or are about to enact new economic nexus standards?
Four Critical SAP S/4 HANA Considerations for Italy’s eInvoicing Mandate
The biggest deadline in Italy’s tax modernization, a mandate for electronic invoicing, is quickly approaching. Here's what companies preparing for SAP S/4HANA need to do to be ready.
Mexico Postpones the New CFDI Cancellation Process until November 2018
During 2017, Mexico made several changes to its eInvoicing framework. In addition to the implementation of CFDI version 3.3, modifications have been made to article 29 A of the Tax Code designed...
Sales and Use Tax Filing Automation Considerations
Key considerations for sales and use tax filing automation are discussed to address the key challenges organizations struggle with during this important tax compliance process.
Infographic: Colombia Electronic Invoicing Mandate
Take Action Learn more about Sovos eInvoicing solutions in Colombia The post Infographic: Colombia Electronic Invoicing Mandate appeared first on Sovos Compliance.
Can Blockchain End China’s Fake Invoice Industry and Speed Adoption of eInvoicing?
Electronic invoicing has already swept Latin America and is coming to Europe. Will China adopt it next with the help of blockchain? Read more.
The UK Annual Tax Gap Report and the Challenges that Lie Ahead