Content Library

Don’t just take our word for it. There’s a reason Sovos products are used by over half the Fortune 500 and the world’s smartest companies.

Hungary VAT Reporting

Hungary is one of several countries in Europe and beyond to have introduced technology-driven VAT compliance measures.  This eBook provides an insight into Hungary’s VAT reporting regulations.

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A Comprehensive Guide to Cancelling Electronic Invoices in Mexico

A major change to Mexican VAT policy took effect Nov. 1 when a new process for cancellation of electronic invoices became law. Get all the details in this definitive guide.

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By the Numbers: 1099-MISC Nonemployee Compensation Reporting

This is the first in a series of reports on 1099 reporting featuring numbers not available anywhere else. In this number-filled report, discover graphics with exclusive data from Sovos on 1099-MISC nonemployee compensation reporting and understand where the future of the form lies.

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A Guide to the New Complemento de Pagos in Mexican Electronic Invoicing

A mandate that requires companies to issue a supplement for the reception of payments, or Complemento para recepción de Pagos, took effect Sept. 1. The new mandate, which the Mexican tax administration (SAT) had planned on launching in January 2018 but delayed because of technical difficulties, has a major impact on payment processing and VAT […]

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Preparing SAP S/4HANA for Continuous Tax Compliance

For senior finance, IT and tax professionals, tax compliance should be a key consideration of a SAP S/4HANA implementation, a move to Central Finance, or cloud upgrade strategy. Learn how to minimize business disruption during an S/4HANA upgrade project in the wake of modern tax.

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Five Factors Driving Financial Institutions toward a Centralized Tax Solution

Financial institutions are moving toward a centralized tax solution, but why? There are five major drivers.

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Executive Summary: Reducing the Impact of Sales and Use Tax Compliance in the New Retail Environment

Aberdeen Group survey report reveals complex challenges retailers face today in sales and use tax compliance and provides a roadmap to navigate the increased complexity to come.

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The High Cost of Compliance Errors in Latin America: Fines and Penalties by Country

Failure to comply with business-to-government regulations in Latin America can impact critical business functions, not only resulting in millions of dollars in fines and penalties, but also shipping delays and operational shut-downs. In the most complex regulatory environments, such as Brazil, these mandates even affect sales, procurement and HR functions. Though the end goal of […]

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Spain SII eLedger

On 1st July 2017 the Spanish Tax Authority (AEAT) introduced the Immediate Supply of Information (SII) on VAT – request of purchases invoices, sales invoices and intra-community operations within 4 days of issuing and capital assets annually. Suddenly more than 60,000 companies have become obliged to adapt technology and adjust current Tax process and IT […]

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eInvoicing Italy

The 2018 Italian Budget Bill requires, starting January 2019, that companies operating in a business-to-business environment submit and approve/reject electronic invoices for goods and taxable services through the government’s electronic invoicing platform, the Sistema di Interscambio (SDI). This represents a drastic change in finance, accounting, compliance and reporting processes which demands technology. Luckily, Sovos was […]

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Sovos TIR for Netsuite

Datasheet With the growing complexity of the 1099 reporting space NetSuite has decided to trust independent software vendors, such as Sovos, to support organizations throughout the 1099 reporting process. As of NetSuite version 18.2, NetSuite will discontinue supporting 1099 reporting functionality. Sovos has created a bundle within NetSuite that offers 1099 reporting capabilities. NetSuite will […]

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Risky Business: How to Beat the Inefficiencies of Tax Compliance on Purchases

Americas’ SAP Users’ Group (ASUG) and Sovos worked together on survey research to understand the awareness and potential risks related to sales and use tax and how it affects the procure-to-pay (P2P) process.

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VAT Reporting for Finance Professionals

Value Added Tax (VAT) is applied in 165 countries worldwide and although is a tax on the final consumer, companies are the ones with the burden of reporting what they collected and/or paid. This can be very complex and challenging for businesses operating across different countries to manage.  Ultimately, the requirements in any two countries […]

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The Dark Web: A Primer for Tax Reporting Professionals

Take a journey through the dark web and learn how to get to it, who is on it, what is available on it, how it works and how to keep your tax reporting information off of it. 

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It’s Time to Prepare Your SAP Solutions for the Digital Future of Tax

Technology has transformed your business and your products, and it’s about to change your ERP. But, it’s also transforming tax, and it could have a significant impact on your plans for S/4HANA. Sovos keeps you ahead by offering the first complete solution for modern tax. And with more than two decades of experience with SAP, […]

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Sovos S1: Delivering Modern Tax Software

The Sovos Intelligent Compliance Cloud sits on a unique cloud software platform that is built to bring previously disparate tax solutions and data together for use wherever your business operates—through a single platform. The S1 architecture allows Sovos to do the hard work for you, adapting to changes in technology requirements and government regulations – […]

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Spain’s Immediate Exchange of Information: At a Glance

On July 1, 2017, Spain’s SII – Immediate Exchange of Information – went into effect, requiring businesses to adapt their processes and infrastructure to support this new real-time reporting mandate. Here’s a quick look at what companies with operations in Spain need to know. Starting January 2018, the SII was expanded to the Basque region […]

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Colombia eInvoicing 101

eInvoicing and fiscal compliance mandates basics explained  Download this ebook to: Understand – Common terms and definitions for Colombian electronic invoicing Learn – Basic process flows and what you will need to do ​Discover – The required document types and government reports

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