Stay up to date with the latest tax and compliance updates that may impact your business.
Regarding calculating Insurance Premium Tax (IPT), Hungary is the only country in the EU where the regime uses the so-called sliding scale rate model.
Update: 17 April 2025 by Edit Buliczka New IPT Prepayment Rules in Hungary Starting in 2025, new prepayment rules will apply to the Extra Profit Tax on Insurance Premium Tax (EPTIPT). The current structure of two prepayments—due in May and November—will be replaced by a single prepayment, which must be made by 10 December 2025. […]
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 businesses, including Digital Reporting Requirements, […]
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 French B2B e-invoicing reform is […]
With the VAT in the Digital Age (ViDA) officially adopted by the EU on 11 March 2025, businesses have many questions about its rollout and impact on their operations. We answer the most frequently asked questions. When will businesses begin to see an impact from ViDA? ViDA is leading to changes in several areas […]
The digital business landscape is forever changing, yet one thing is certain: electronic archiving is more than a convenience – it’s a matter of compliance. As governments worldwide invest in digital tax transformation initiatives like e-invoicing and e-reporting, a complex web of e-archiving requirements that vary across borders is also developing. Understanding your e-archiving requirements […]
Last month, a cross-functional group of Sovos unclaimed property experts—including folks from product development, product marketing, managed services, our general counsel’s office, and the consulting team—traveled to Tucson, Arizona to the Unclaimed Property Professional Organization’s annual conference. We spent the week diving deep into all things unclaimed property. There was one topic that kept coming […]