VAT Compliance Lessons Learned from Latin America

February 8, 2018

Gustavo Jiménez

Author

Sovos

This blog was last updated on March 11, 2019

Brazil, Chile, Mexico and other Latin American countries have been on the bleeding edge of technology-driven value-added tax (VAT) initiatives for more than a decade. These countries have set the stage for similar compliance and reporting requirements that are now sweeping across more than 30 European countries.

Businesses operating in Europe have a distinct benefit. However, they can learn from the experiences of companies that went before them in Latin America, which will help them prepare for their own impending VAT compliance and reporting changes.

Sovos has worked with many multinational companies, as well as governments in Latin America, and in the process gained great insights into what works, as well as the hurdles companies will have to navigate. We recently developed a tip sheet that offers 10 lessons learned from the Latin America compliance and reporting revolution. In this tip sheet, we talk about:

how compliance isn’t just a local technical issue
the need to be flexible, since regulations can change with lightning speed
why contingency plans are a must
the impact of cross-border initiatives

Take Action

Get greater insights into all you need to know as your company prepares for new European tax regulations. Download the tip sheet “Top 10 VAT Compliance and Reporting Lessons from Latin America” today.

Gustavo Jiménez

Gustavo Jimenez is the Product Marketing Manager for Sovos’ e-invoicing solutions and is based in Atlanta. Gustavo is responsible for go-to-market strategy for Sovos LatAm e-invoicing solutions in countries with existing and upcoming mandates. He has more than five years of experience in e-invoicing, middleware integrations, and regulatory research. He works closely with the product management and development team as well as sales and marketing to facilitate compliance process transformations for Sovos clients. Prior to joining Sovos, Gustavo was responsible for marketing activities and strategy at Invoiceware International, a leading e-invoicing solution for businesses with operations in Latin America. He focused on the go-to-market strategy of their solutions as well as communications with the LatAm market about regulatory changes and new solutions.

Stay up to date with the latest tax and compliance updates that may impact your business.