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Educate Yourself on Sovos Education Services
If you were unable to join us on our recent webinar discussing Sovos Education Services and all the resources we offer, don’t worry. Read on
Category: News
News
Romanian E-Transport System Details Announced
Governments throughout the world are introducing continuous transaction control (CTC) systems to improve and strengthen VAT collection while combating tax evasion. Romania, with the largest
Electronic Invoicing
Vietnam: E-invoicing Roll-Out in July 2022
During the last decade, the Vietnamese government has been developing a feasible solution to reduce VAT fraud in the country by adopting an e-invoice requirement
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With Plans to Expand European Product Development, Sovos to Make 2nd Acquisition in Turkey
Updated January 5, 2022: Sovos has completed the acquisition of Istanbul-based Digital Planet. When Sovos acquired Istanbul-based Foriba two years ago, we saw it as
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Sovos Named a Leader in Multiple IDC MarketScapes
Three new MarketScapes have been released by IDC and all three recognize Sovos as a leader in their respective categories. As noted by Kevin Permenter,
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Poland: JPK V7M/K Schema Changes from 1 January 2022
Poland implemented its version of a mandatory SAF-T file (the JPK_V7M/K reports) back in October 2020. Since then, businesses must submit detailed information on invoices,
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Sovos Acquires 1099 Pro to Extend SMB Support as U.S. Tax Reporting Rules Grow More Complex
Earlier today, Sovos announced it has acquired 1099 Pro, a California-based company that delivers tax information reporting software and services to tens of thousands of
News
G20 Ministers Agree to Move Forward with Global Tax Reform Deal
In the “Statement on a Two-Pillar Solution to Address the Tax Challenges Arising From the Digitalization of the Economy” issued on 1 July 2021, members
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What the Modernization of Intrastat Means for Businesses
What is Intrastat? Intrastat is a reporting regime relating to the intra-community trade of goods within the EU. Under Regulation (EC) No. 638/2004, VAT taxpayers
Electronic Invoicing
Poland: Krajowy System e-Faktur moves to next phase of legislative process
Progress has been made in the roll-out of the Polish CTC (continuous transaction control) system, Krajowy System of e-Faktur. Earlier this year, the Ministry of
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With Acquisitions of PetaPilot and Saphety, Sovos Completes Compliance Coverage for SAF-T and B2G E-Invoicing Mandates
Following recent acquisitions in Latin America, Sovos announced today we are establishing operations in Portugal with the acquisitions of PetaPilot and Saphety. The two companies
E-archiving
Italy Postpones E-Document Legislation
In September 2020, Italy introduced major changes to the country’s rules on the creation and preservation of electronic documents. These new requirements were expected to
News
EU Council Approves DAC7 Rules on Digital Platform Tax Reporting
On 22 March 2021 the EU Council approved DAC7, which establishes EU-wide rules meant to improve administrative cooperation in taxation. In addition, the Directive addresses
E-archiving
Italy: A New Way to Report Cross-Border Invoices
When Italy introduced its mandatory e-invoicing system, cross-border invoices weren’t included in the scope of the reform. To introduce the mandate, Italy asked the European
E-archiving
Italy: Understanding the New E-Document Legislation Requirements
In September 2020, the Agency for Digital Italy (AGID) introduced new requirements for the creation and preservation of electronic documents, which will be enforced from
News
In Its Largest Acquisition Outside the U.S., Sovos Buys Acepta’s Digital Enablement Business
Today, Sovos announced our most recent acquisition – a deal that is our largest ever outside of the United States, and one that brings our
Electronic Invoicing
Poland is Moving Fast: CTC E-Invoicing Draft Law Available for Public Consultation
The Polish Ministry of Finance has now published the draft act introducing e-invoicing via the national platform (Krajowy System e-Faktur – KSeF, or National System
News
VAT E-Commerce Package – The One Stop Shop (OSS)
The European Union’s VAT E-Commerce Package has been delayed until 1 July 2021. Consequently, in the New Year businesses will have to contend with both