Lovat Newsletter – September 2024

Lovat now supports the integration of HS codes from Shopify for optimized Tax Rates

We announce a new feature for Shopify users: Lovat now automatically retrieves Harmonized System (HS) codes for your products. This update will streamline tax processes, making managing customs duties and taxation more efficient.

Using the HS codes provided in Shopify, Lovat simplifies the calculation of accurate tax rates, reducing the overall tax burden for your business.

Stay tuned for more updates!

E-invoicing

E-Invoicing for France is now in Beta Testing

We are thrilled to announce that our e-invoicing feature for France is ready for beta testing! If you are interested in being among the first to try this new functionality, we invite you to join the beta testing phase.

To participate, simply email us, and we’ll guide you through the onboarding process.

Receiving e-invoices in the Netherlands is likely to become a requirement for more businesses, ensuring all entities can process e-invoices in a standardized format.
In 2025 Austria is extending mandatory e-invoicing to private businesses (B2B transactions). Read more about e-invoicing timeline here.

EPR News

Packaging & Labeling Requirements in Spain

In our latest blog post, we take a deep dive into the packaging and labeling requirements in Spain.

The article covers essential details such as mandatory labeling elements, environmental considerations, and industry-specific rules.

Read the full article here

EPR Packaging Thresholds Explained

This article breaks down the specific thresholds businesses must meet to comply with EPR rules, helping you understand how these thresholds impact your obligations depending on the amount and type of packaging you place on the market.

Stay ahead of compliance challenges and avoid potential penalties by reading the full article here.

Sales Tax Holidays in 2024

Illinois

Annual Tax-Free Weekend on Clothing

When: First weekend in February
Details: During this weekend, clothing and shoes priced up to $125 are exempt from sales tax. A great opportunity to save on essential wardrobe items.

Maryland

Energy Star Appliance Sales Tax Holiday

When: February 17-19, 2024
Details: For three days, qualifying Energy Star-rated appliances and solar water heaters are exempt from Maryland’s 6% sales tax. Perfect timing to invest in energy-efficient home upgrades.

Nevada

Nevada Day Sales Tax Holiday

When: October 25-27, 2024
Details: Coinciding with Nevada Day (October 25), this tax-free shopping event extends through the weekend. Enjoy savings from Friday to Sunday on qualifying items.

We are here to support your compliance journey. If you have questions or need assistance, feel free to reach out to our dedicated team. Contact us