New IPT Guide For Insurers

Global tax software leader and expert Sovos recently released its Insurance Premium Tax (IPT) guide for insurers.

The guide provides trusted guidance to both those new to IPT and seasoned tax professionals concerned about cross-border compliance. This insight is of particular interest to those wanting to learn more about the changing IPT regulatory landscape across the world, particularly within Europe and EU Member States.

A mix of in-depth country-by-country information, guidance on IPT and the digital tax landscape, this guide from Sovos’ regulatory experts is essential for insurers wanting to know more about IPT compliance.

IPT Compliance: A Guide for Insurers also provides a comprehensive look into the digitization of tax, countries leading and adopting this process, and what it means for the relationship between tax authorities and insurers.

Governments are also enacting complex new policies to enforce IPT mandates, obtain an unprecedented amount of tax and transaction data directly, and in real-time. The guide covers important regulation changes within this context, and the costs and consequences of non-compliance and solutions available.

Lastly, the guide also talks about the changing landscape for European captives; the challenges the COVID-19 pandemic has brought for captives, as well as future challenges.

Sovos is the world leader in tax software and the company’s IPT guide is written by a team of experienced IPT and regulatory specialists. Coinciding with the guide’s launch Sovos has recently appointed Russell Brown as senior IPT consulting manager. With a wealth of experience in IPT, Russell has previously worked at TMF Group, EY and Tokio Marine.

Commenting on the guide, Russell said: “Sovos leads the way in tax software and this latest guide demonstrates the team’s vast experience and extensive knowledge on even the most complicated of international regulations.”

“Our team of global regulatory experts exist to help insurers and businesses respond to the complexities associated with the digitization of tax,” said Andrew Hocking, vice president consulting and compliance services at Sovos. “Our mission is to provide the insight organisations need to address their tax challenges and ensure compliance with tax laws, no matter where they operate.”

Visit this link to download a copy of the guide.

About alastair walker 6876 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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