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 are never the same, therefore; companies need to be more than compliant, they need to be intelligent and innovative by streamlining tax compliance to manage multi-country requirements. Luckily, Sovos was built for that.