Value Added Tax
How SAP S/4HANA Finance Can Simplify Tax for Your Organization
This blog was updated on December 12, 2023 Sovos recently sponsored a benchmark report with SAP Insider to better understand how SAP customers are adapting
Category: Value Added Tax
Value Added Tax
Post-Brexit VAT Compliance: Your Questions Answered
Six months after Brexit there’s still plenty of confusion. Our VAT Managed Services and Consultancy teams continue to get lots of questions. So here are
Tax Compliance
Poland VAT Reporting: Draft Amendments to JPK_V7M/V7K Published
In Poland, the Ministry of Finance proposed several changes to the country’s mandatory JPK_V7M/V7K reports. These will take effect on 1 July 2021. The amendments
Value Added Tax
VAT Trends: A Shift Toward Destination Taxability for Certain Cross-Border Transactions
As detailed within our annual report VAT Trends: Toward Continuous Transaction Controls, there’s an increasing shift toward destination taxability which applies to certain cross-border trades.
Value Added Tax
Understanding Mexico’s Carta Porte Supplement
Update: 25 October 2023 by Maria del Carmen Mexico releases Carta Porte Version 3.0 On 25 September 2023, the Tax Authority in Mexico (SAT) published
Tax Compliance
Romania SAF-T: Are You Ready for 1 January 2022?
It’s been more than a few years since Romania first toyed with the idea of introducing a SAF-T obligation to combat its ever-growing VAT gap.
Electronic Invoicing
Turkey: New Requirement to Notify the TRA About Objection Requests
The Turkish Revenue Administration (TRA) has published updated guidelines on the cancellation and objection of e-fatura and e-arsiv invoice. Two different guidelines are updated: guidelines
Value Added Tax
The VAT Evolution and Why It’s So Complex Part I: Thinking Globally
To understand why there is an ongoing evolution in the managing and administration of value added taxes (VAT), it is important to first understand the
Value Added Tax
The VAT Evolution and Why It’s So Complex Part II: Three Focus Areas for VAT
In Part I of our series on the VAT Evolution, we explored the motivations of tax authorities and governments around the world to embrace digitization
Value Added Tax
The VAT Evolution and Why It’s So Complex Part III: Why Global Solutions Matter to IT
In Part I of our series on the VAT Evolution, we explored the motivations of tax authorities and governments around the world to embrace digitization
Electronic Invoicing
Mandatory Transition to E-Invoice and E-Arşiv Invoice Applications for Healthcare Organisations in Turkey
An amendment in the General Communiqué No. 509 has announced healthcare service providers and taxpayers providing medical supplies and medicines or active substances must use
Value Added Tax
VAT Trends: CTCs and Their Impact on Business Today
This blog is an excerpt from Sovos’ Annual VAT Trends report. Please click here to download your complimentary copy in full. VAT requirements and their
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
Electronic Invoicing
Turkey: The Significance of Effective E-Transformation for Enterprises
Digitization has become more prevalent, especially because of COVID-19. Companies looking to improve efficiency via digital transformation are taking advantage of the benefits tax technologies
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
Tax Compliance
Audio Blog: Saudi Arabia: The Gulf’s CTC Pioneer
Saudi Arabia will start its introduction of a new e-invoicing system from 4 December 2021. The mandate will require all taxable persons residing in the