Are You Ready for the New VAT Reporting Requirements in 2016: New Sovos Smart Brief
One of the major new trends in international indirect tax reporting for the New Year is the focus on transparency in tax accounting. A number of member states in the European Union will now require companies to be much more transparent in the way that they account for VAT. These jurisdictions are seeking to expand the VAT compliance requirements to include worksheets and other documents that provide a much more detailed snapshot of the company’s business in close to real time than the current VAT filings (the VAT returns, EU sales listings etc.). Read more about the rise of e-audits and changes being made in countries that will require extra diligence by downloading our new e-audit White paper.

VAT Compliance Updates

There have been many changes in the compliance world in May. Access our blog to get recent updates from the EU Commission and countries including Croatia, Czech Republic, Estonia, Finland, Germany, Greece, Hungary, Ireland, Lithuania, Netherlands, Poland, Sweden and the UK.

Upcoming Events
Attend a Complimentary VAT Automation Event in London Hosted By Sovos on June 9
We would like to invite you to a special VAT automation event, taking place on the 9th of June at the Brown’s Hotel in London, 1.30pm – 6.30pm.  Our complimentary event will focus on the rise of e-audits in relation to VAT and how to tackle those challenges with technology. Additionally, audit defense of the future means being well prepared to have the processes in place that allow you to do more with less resources. This will also be discussed.&nbspSign-up and register here to secure your space today!
Join Sovos at the Annual European Shared Services & Outsourcing Week, May 24-26
We are proudly sponsoring one of the largest Shared Services Conferences in Europe – The 16th Shared Services & Outsourcing Week. This three day event from the 24th to the 26th of May will take place in Dublin this year under the theme of “driving strategic value through Automation, Process, Excellence and Data.”
Sovos will offer three discussion and learning sessions on why companies should centralise their VAT processes in an SSC. Jeroen Wensveen our VP of Product EMEA and VAT expert will highlight the business case for VAT centralisation by demonstrating one of our case studies that helped a Fortune 500 company save 50% of their overall VAT related costs and generate time savings of 60%.
Should this be a consideration for your company, we are offering you or your colleague a special discount of 20% when mentioning SovosVIP to learn more about shared services optimisation.
To register and learn more about this conference, please call SSON on: +44 (0) 207 368 9809 or email

Weekly Global Updates for FATCA, CDOT, CRS

We encourage you to sign up for our blog so you can easily receive weekly updates and important news concerning changes that countries are making all over the world to comply with their FATCA, CDOT, and CRS obligations.

Webinar On-Demand: Sales and Use Tax: How to Prepare for an Audit

Join our Sovos Compliance tax experts, Antonio Di Benedetto and Gino Orlando, for insight into preparing for an audit. They’ll discuss best practices for audit preparation, some of the risks and pitfalls surrounding the audit process, and strategies for managing the state audit. They will also cover how you may trigger an audit, some of the challenges a taxpayer may face during an audit, and how to overcome those obstacles.
If you missed this presentation, head over to the Sovos webinar channel and check it out.

VAT or Not VAT - Dispatches from Puerto Rico

If you are a company doing business in Puerto Rico, you are aware of the tedious process that has been in place for well over a year to introduce a value-added tax system. Recently, there have been even more changes made including a discussion around halting the process all together. Our experts have been on top of this news since day 1 making sure Sovos clients were prepared for what’s next. Visit our blog to read the latest update on the changes in Puerto Rico. 

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