The first half of 2024 has seen continued expansion of tax obligations for SaaS companies, both in the U.S. and globally.

Vermont joined the growing list of states taxing SaaS, while Texas and Tennessee updated their sourcing rules for digital products, adding complexity to multi-state operations. New York's clarification on bundled services highlights the ongoing challenge of determining taxability for software companies.

Internationally, the EU's updated ViDA package introduces future e-invoicing requirements, signaling a shift towards streamlined but more comprehensive tax reporting. Other countries have introduced new VAT requirements for non-resident digital service providers, continuing the global trend of capturing revenue from cross-border digital sales.

Download the full report to get detailed insights and analysis from Anrok's team of SaaS tax experts on these updates and their implications for your business.