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.

Raconteur: Digitizing Tax Across Borders

As governments and regulators around the world are embarking on their digital transformation, organizations need to ensure they keep their indirect tax transformation one step ahead. In this series of articles from leading journalists, learn how digital tax is evolving globally and what the changes mean for your business.

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Trends in Continuous Global VAT Compliance, 11th Edition

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

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Your SAP S/4 Migration and ‘Always On’ VAT Compliance Are on a Collision Course – Here’s How to Manage

If you’re an SAP user and you want to better understand your options in moving to S/4 in relation to tax compliance, this story should help.

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Brazil: Electronic Invoicing and Reporting Requirements

In 2008, Brazil adopted a clearance electronic invoicing model in which the country’s tax authority must receive and clear an invoice before a supplier can issue it to a payer. More than a decade later, the Brazilian tax administration’s digitization has evolved so much that other tax administrations call Brazil the Google of fiscal goods. Current regulations include electronic invoices for: supplies of goods (NF-e), services (NFS-e), transport services (CT-e), freight (MDF-e), SPED, REINF and, more recently, for the supply of electricity (NF3e). This document provides an overview of the mandates and regulations in Brazil.

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Mexico: Electronic Invoicing and Reporting Requirements

Mexico is a pioneer in electronic invoicing and VAT enforcement, having begun its digitization journey in 2010. Today, Mexico has
one of the most technologically advanced tax administrations in the world. Companies unaware of or unprepared for Mexican
e-invoicing mandates could face significant fines and penalties, along with supply-chain disruptions and cash-flow issues. This
document provides an overview of mandates and regulations in Mexico.

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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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Accounts Payable Tax Compliance: 5 Challenges SAP Shops Must Overcome

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.

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Italy: Electronic Invoicing and Reporting Requirements

Seeking to close a 35 billion euro tax gap, Italy has implemented a clearance e-invoicing model for domestic
transactions. Get the details in the mandate and the requirements it involves with this checklist.

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SAP® Central Finance and Digital Tax Compliance at the Financial Core

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.

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IDC MarketScape Names Sovos a Leader in Sales Tax and VAT Automation Applications

Vendor Assessment IDC MarketScape highlights: IDC MarketScape Worldwide SaaS and Cloud-Enabled Sales Tax and VAT Automation Applications 2019 Vendor Assessment named Sovos a leader for our global presence and coverage, strong cloud platform, and e-invoicing compliance solution. Read the brief now. “Sovos offers these organizations tremendous value by providing coverage for every form of transaction-level […]

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Latin America Is Setting the Bar for Shared Services

Why Shared Services in Latin America is Fundamentally Different from the Rest of the World As companies around the world look for ways to make shared services even more efficient, they should look toward Latin America, where government regulations are necessitating that companies set the bar for innovations. As a result, shared service departments in […]

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Trends in E-invoicing Compliance, 10th Edition

This paper outlines in detail the global trend towards real-time tax ‘clearance’ of invoices and how this impacts businesses in their day-to-day operations and business-to-business transaction automation strategies. Since the last edition, the trend towards compulsory transaction-oriented integration of e-business systems with public authorities has continued to accelerate. The growing consensus among e-invoicing and VAT […]

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SAP® in Latin America: Top 10 Implementation Hurdles

Mandated e-invoicing and tax reporting requirements in Latin America make SAP implementations in this region more complex than anywhere else in the world. Here, we examine the Top 10 Hurdles to Implementing SAP in Latin America.

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A Comprehensive Guide to the UK Making Tax Digital Initiative

With Making Tax Digital, the UK has set out “to become one of the most digitally advancedtax administrations in the world.” What does that mean for companies doing business there? Find out in this comprehensive guide. 

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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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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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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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