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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.

This Spotlight Report presents an overview of how businesses are planning to avoid integration and compliance issues by factoring tax early on in the SAP S/4HANA migration process.

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?

Periodic VAT reporting takes time. Data must be accurate, its format must be correct, deadlines cannot be missed and additionally the frequency of submissions puts significant pressure on teams responsible for VAT reporting.

Incoterms define the responsibilities of buyers and sellers in international transactions, including VAT implications for cross-border trade.

Let Sovos’ VAT Managed Services manage your VAT compliance obligations. VAT reporting and returns. Continue to trade with confidence.

If you’re an EU business with B2C sales in other EU Member States or based outside the EU with B2C sales to the EU, 1 July 2021 will bring significant change.

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.

Find out why Sovos is trusted by half the Fortune 500 and the world’s smartest companies

If you have the responsibility for VAT determination and tax reporting in Brazil as are part of your job description, you no doubt understand the levels of complexity involved in getting it right and ensuring VAT compliance.

Greece is introducing a tax reform to increase efficiency, prevent fraud and close its VAT gap by digitising its tax system. Download our useful snapshot of the key details including what’s happening, who’s affected and the implementation timeline.

Download our Top 10 VAT Compliance and Reporting Lessons infographic to find out what European companies can learn from Latin America to prepare for upcoming tax reporting changes.

At a time when the global VAT landscape is undergoing significant change, we teamed up with Shared Services Link to understand more about the key challenges faced by AP and VAT professionals at multinational companies and what their focus is for 2021 and beyond.

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.

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.

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. Despite these challenges, it’s important that compliance is managed wholly within your ERP – housing data and reports elsewhere […]

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 […]