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As governments move more aggressively to close the tax gap and create alignment between their tax administrations and businesses through digitization, data has become a central theme for organizations and overseers alike.

Governments are now moving aggressively to close the gap between their tax administrations and businesses by taking advantage of digital tools. The result is a set of diverse and accelerating mandates, forcing businesses to adjust their systems and processes and provide data. The key to this is data standardization – no more tax at the backend of the process – you must solve tax at a point in time. By moving tax controls much closer to the actual business operation, tax administrations can also respond to anomalies in near-real-time.

Insurance Premium Tax (IPT) can be complex with fragmented rules and requirements levied by the many different tax authorities in the jurisdictions where this tax applies. This only adds to the challenges faced by finance teams when calculating and settling IPT accurately and on time.

Many tax authorities are increasing their focus on the insurance industry in an effort to close tax revenue gaps, with many introducing Insurance Premium Tax (IPT) and other indirect taxes for insurance. Globally, IPT is fragmented across over 200+ countries and achieving compliance can be a complex process requiring specialist knowledge.

Indirect tax compliance can be a behemoth and cause unnecessary strain on IT department resources. Is your company’s digital transformation keeping up with the governments in the locations you do business?

We explore the driving forces behind the VAT evolution and why it has led to increased complexity for organizations conducting business internationally.

Four emerging megatrends have businesses of all sizes and industries on notice, shining a light on current and near-term legal requirements across regions and VAT compliance domains.

If you operate a business in North America and are looking to expand into international markets you are going to need to become familiar with the concepts and implications of Value Added Tax (VAT).

Expanding into new markets? Get the facts on VAT first.

This 11th edition report provides the most complete guide to global VAT and e-invoicing regulations and delivers strategic recommendations for businesses.

Accounts payable tax compliance is a critical component of any SAP shop’s implementation strategy, including the move to SAP S/4HANA. AP leaders ignore it at their own risk.

When initiating an SAP Central Finance project, tax compliance should be at the forefront of the decision to aid companies in navigating the complexities of global tax laws.

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, […]

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 – […]