VAT Determination - Purchasing

Strengthen audit compliance and improve invoice verification accuracy

Automate the purchase invoice validation process

Complex supply chains come with transactional complexities. For multinational companies trading across multiple borders and between many VAT-registered businesses, VAT determination decisions can be difficult to get right every time.

Incorrect VAT determination has operational and financial consequences. This is why itu2019s important to validate purchase invoices to ensure goods and services are correctly classified and any compliance risks are identified early.

Invoices must be checked to meet stringent criteria to enable VAT deduction entitlement, but these checks can be too complex to perform manually. Non-compliant invoices can impact VAT recovery and therefore cashflow, reputation and risk financial penalties during an audit.u00a0

An automated solution tailored to your purchasing requirements

Sovos VAT Determination u2013 Purchasing alleviates the burden involved in approving purchase invoices by validating that the VAT decisions they comprise are correct, freeing up tax and IT teams to concentrate on other important aspects that are core to your business.

The Sovos VAT Determination u2013 Purchasing add-on extends SAP standard VAT determination, providing you with confidence in the data accuracy of incoming purchase invoices.

Sovos VAT Determination is a flexible, automated suite of SAP-certified modules providing efficient, transparent and correct identification of VAT determination processes across chain transactions for sales and purchases, including VAT ID checks, monitoring and reporting. Sovos VAT Determination u2013 Purchasing is one of four add-ons within the suite with extensive functionality capable of handling the most complex of supply chains.u00a0u00a0

Sovos VAT Determination - Purchasing module is a certified add-on for SAP

Increase compliance by validating incoming purchase invoices

Secure and intelligent SAP certified add-on for monitoring and validating incoming purchase invoices

Automated VAT assessment for all incoming transactions ensuring data accuracy and compliance

Reduced compliance risks with correct classification for input tax deduction

Transparent determination decisions resulting in quality data, reducing tax audit risk

Increased efficiency through easy-to-use configuration and system functionality

Determine transaction types (VAT facts and circumstances) and define VAT-relevant parameters

One-off integration of a single SAP add-on provides cost savings compared to ongoing customisation requests

Automate process for purchase invoice validation with Sovos

Empower your organisation with intelligent automation software for accurate VAT assessment of incoming transactions.
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VAT Compliance for E-Commerce

Sell and trade within the EU with ease

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Full Access to the EU Market

With half a billion consumers, the EU market represents huge growth options for e-commerce companies. Maximize this potential through a seamless B2C service with fast delivery and no unexpected customer VAT charges.

Sovos Compliance Services Portal for e-commerce allows easy access to all simplified EU VAT reporting schemes:

IOSS (Import One-Stop-Shop)

  • Simple customs clearance
  • VAT collected at point of purchase
  • Reclaim VAT on returned goods

Union OSS

  • Low-cost Compliance for intra-EU trade
  • Essential for anyone with >€10k intra-EU sales & all non-EU businesses holding stock in EU
  • Report EU B2C goods and services through a single VAT Return

Non-Union OSS

  • Compliance simplicity for digital services from outside the EU
  • Evolution of MOSS scheme
  • No intermediary needed
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VAT-compliance_oss-product-para-1.jpg

Stay ahead of current and future compliance obligations.

Monitor 60+ countries to track the diverse range of emerging legal frameworks and evolving specifications.

Simplify compliance vendor relationship management with a single, global point of contact.

Ensure invoices continue to flow, so your business and its supply chains run smoothly.

Minimize the need for ad hoc IT involvement and investment in compliance updates.

Save time, eliminate labor-intensive manual updates, and enhance accuracy.

Stop worrying about ever-changing different country formats and processes.

Reduce your total cost of compliance.

Sovos Compliance Services Portal for E-Commerce

IOSS Intermediary Services

Validation Checks

Service Levels to Suit Your Budget

Registrations Services

Return Filing

Dashboard View of all Your VAT Registrations and Returns

Secure Data Upload & Mapping

Audit Assistance by VAT Compliance Experts

Intermediary Service Supporting Global Businesses

Companies not established in the EU (unless established and supplying from Norway) are required to appoint an Intermediary to facilitate the reporting and payment of VAT under the IOSS scheme.

Sovos is set up to act as an Intermediary on behalf of your business. We will ensure that you reap the benefits of the simplification while safeguarding against the risk of penalties and expulsion for non-compliance.

Intermediaries assume joint responsibility for:

  • Reporting and payment of VAT under IOSS
  • Record keeping

Improve the Quality of Your Data

The Sovos Compliance Services Portal empowers you to take control of your sales data. Once you’ve mapped it into our portal, our tool allows you to run your own validation checks and correct any errors before our team of experts completes the filing. Our VAT Compliance for E-commerce solution gives you peace of mind that your data is secure and that your (I)OSS VAT return is accurate and reliable.

Stay Compliant and Mitigate Business Risks

Future proof your VAT compliance profile, ensure your goods are delivered in a timely manner to your customers and do not get stuck at the border. Sovos Compliance Services Portal is underpinned by the deep knowledge and expertise of our Compliance Services & Consulting teams.

Our solution means you can:

  • Take advantage of the benefits of (I)OSS schemes
  • Access support for trading complexity: multi-country warehousing, stores and B2B
  • Leverage a single provider for periodic and continuous ‘real-time’ reporting
  • Streamline your processes
  • Reduce risk of managing VAT Compliance manually
Managed services

Technology enabled VAT managed services

A blend of human expertise and software to ease your VAT compliance workload and reduce risk wherever you operate today while ensuring you can easily flex to handle VAT requirements in the markets you intend to dominate tomorrow.

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Sovos VAT Determination

Enhance compliance in your SAP ERP and automate VAT determination decisions with our SAP certified add-ons

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Industry-proven VAT determination software

  • Provides a powerful suite of secure and SAP Certified add-ons
  • Makes VAT determination decisions reliable and fully transparent
  • Reduces risk to tax compliance, exposed during future audits
  • Produces accurate data for invoices and subsequent periodic reporting
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VAT determination software

Automate your VAT determination

VAT determination is challenging for any company with complex transactions in its supply chains. Business sectors such as manufacturing, pharmaceutical, construction, retail and logistics are particularly overburdened trying to manage this requirement.

Limitations in SAP functionality has created another level of complexity. Custom coding in SAP is often required to achieve reliable determination decisions and the need for ongoing customisation makes maintaining master data difficult.

These challenges typically prevent companies from achieving a desirable level of transparency across their determination process. When a business deals with complex transactions, often due to multi jurisdictional supply chains, accurate VAT determination is vital. Any errors at this point can lead to severe consequences for accounting accuracy and financial resilience.

Reduce Your Operational Burden

A powerful suite of SAP-certified add-ons automate VAT determination, simplifies master data maintenance and mitigates the compliance risks caused by inaccurate data.

Deliver enhanced SAP functionality that alleviates pressure for both tax and IT professionals to meet your ever-evolving VAT requirements.

Benefits of Automating Your VAT Determination

Reduce costs and complexity

Handle future changes without specialist SAP experts, and reduce the technical maintenance burden to free SAP-resources to focus on other projects

Reduce tax compliance risk

Deliver accurate and reliable tax decisions though intelligent, automated logic directly embedded within SAP processes

Mitigate tax audit risk

Identify errors by comparing general ledger and account balances with postings against specific tax codes

Fortify overall compliance

Drive accuracy of data in downstream processes for periodic reporting including VAT Returns, EC Sales Lists, Intrastat Declarations and SAF-T

Future-proof strategy

The trend towards digitisation continues with governments becoming increasingly present in your data. By partnering with Sovos, you gain greater clarity for VAT determination and peace of mind that your business is safeguarded from risk of future audits

Maximise operational efficiency

Increase invoicing accuracy with robust determination decisions, so billing teams don't need to correct and reissue invoices. Similarly, when invoices received by a company are accurate they can be processed without delay

VAT Determination Products

VAT Determination - Sales

Enhances SAP system capabilities to ensure accurate VAT results in sales transactions
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VAT Determination – Purchasing

Enhances SAP system capabilities to comprehensively evaluate purchasing transactions
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Monitoring and Reporting

Enables VAT Reconciliation by comparing general ledger and account balances with postings per tax code, identifies data and combination errors
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VAT ID Validator

Automates validation of counterparty VAT ID. Validated output used for effective invoice processing and periodic reporting
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Talk to An Expert Today

Our VAT experts will explain how our solutions will meet all of your compliance needs
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White Paper: Trends 13th Edition 2022

Extensive recommendations on how companies can prepare for and thrive amidst the impact of governments digitizing tax enforcement
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Sovos SAF-T Extraction

Save Time and Reduce Data Extraction Cost Required for SAF-T Report Preparation

Automate tax data extraction from SAP

Remove the pain of getting data into diverse country SAF-Ts with changing schemas.

The data needed to complete a SAF-T report is diverse. It ranges from accounts receivable and accounts payable data, such as billing and purchasing documents, to accounting data found in general ledger entries. It can also include information about fixed assets and inventory, more often associated with the annual financial statement than with VAT returns and other VAT-related periodic declarations. Getting such large quantities of varied data (depending on the country, this can be as extensive as 1,000 fields) from across different modules in SAP or from multiple SAP instances, using traditional extraction methods is both time-consuming and labor-intensive. 

Sovos automates extraction of your data from SAP as a first step to preparing a compliant SAF-T report. This frees up SAP experts to focus on more strategic IT initiatives that affect your business. We continually track changes to different jurisdictional SAF-T requirements and ensure these are codified in the Sovos SAP Framework that extracts data for mapping to the approved legal structure.

If you opt to extract your own data for SAF-T generation in SAP or have other ERP/source systems, we have complementary modules in our triple play SAF-T solution to help you achieve accurate and robust SAF-T output.

You can also present your data to us in various electronic formats (e.g., CSV, TXT) then use both SAF-T analysis and SAF-T generation to ensure the SAF-T file you plan to submit meets the expectations of the relevant tax authority. 

Alternatively, if your data is prepared in the legal SAF-T XML structure for the specific jurisdiction, it will be ready to be validated using our SAF-T Analysis module.

Automatically extracted data pushed to the Sovos APR cloud for mapping to the relevant country-specific SAF-T file

Eliminate need for a bespoke solution designed, built and maintained by SAP experts

Update extraction requirements as SAF-T expands to more jurisdictions

Align to APR SAF-T common data model, which covers the full requirements of the OECD’s revised standard SAF-T schema from 2010

Ensure the data extracted is always aligned with country-specific schema requirements as existing SAF-T obligations evolve

Build up the required data gradually, by extracting the required data on an ongoing basis, rather than waiting for the end of a reporting period or a request from the tax authority

Use Sovos’ complementary SAF-T analysis and SAF-T generate modules to review the data integrity and make any necessary adjustments well ahead of SAF-T reporting deadlines

Reduce costs of data extraction and consolidation

Learn more about how Sovos alleviates the data extraction burden from SAP.

We streamline the end-to-end process of producing accurate, submission-ready SAF-T files required by different tax authorities.
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Sovos SAF-T Analysis

Assess Accuracy, Integrity and Data Quality to Ensure Compliance with Country-Specific SAF-T Obligations

Full visibility, user-friendly interface

Automate the process of preparing robust and accurate data structures required for tax and compliance purposes, including SAF-T

A VAT return, like an annual financial statement, consolidates and summarizes lots of information in a format that can be easily read and interpreted. By contrast, a SAF-T report compiles large quantities of diverse data in an XML format. A company’s SAF-T report can be used for auditing purposes, with the tax authority referring to it as a primary source against which all historical tax returns are queried. Ideally, SAF-T data determines whether fraudulent practices or transactions have taken place. However, the format, origins and volume of SAF-T data makes it very challenging for companies to evaluate and interpret what is sent to tax authorities. This unknown creates a major risk for companies, their accountants and advisors.

As part of Sovos’ SAF-T triple play, integral analysis provides a human-readable view of otherwise indecipherable SAF-T data. A summary of findings is presented in a user-friendly interface, pinpointing information inconsistencies and tax anomalies that may expose business problems. Through this deep SAF-T analysis of structured data, Sovos powers internal due diligence to ensure organizations achieve compliance peace of mind. 

 

Sovos uses a broad set of rules and tests for the accuracy, integrity and quality of data that’s intended for any SAF-T report. It searches for errors in syntax and calculations and to ensure statistical and logical consistency. After the SAF-T report is generated, Sovos analyzes the structured file, giving organizations confidence the XML will be accepted by the tax authority without further scrutiny.

Maximize operational efficiency by revealing information inconsistencies and tax anomalies that may hinder business progress

Decodes SAF-T data and presents results in a standard, logical way that’s readily interpreted and understood prior to submission.

Advances preparedness for inevitable inspections and audits by improving data quality and accuracy as a result of data checks on an ongoing basis.

Pinpoints the source of errors through root-cause analysis, enabling ongoing, seamless navigation through all data. This includes immediate on-screen access to information, such as invoice issued, product sold and account balance when consulting a specific customer account.

Allows audit notes (e.g., explanations, justifications, actions required) to be added to a specific document, error or finding (e.g., billing later than shipment). This guides internal teams on any necessary operational changes and increases transparency by recording contextual information that can be readily accessed during subsequent audit or tax inspection.

Ensures alignment between SAF-T data, financial statements and other interim KPIs that are reported to executive-level stakeholders.

Enables navigation through reports and transactions referenced in the SAF-T data, automating previously manual tasks with live updates.

Mitigates risks of tax exposure/possible disputes, automated checks that mimic automated analysis run by tax administrations on the same data set and allows any data outliers to be addressed prior to submission.

The Sovos SAF-T Analysis module can be used to check and validate the contents of a SAF-T report, whether the Sovos SAF-T Generate module has been used to compile the file or if it’s been generated in another way. 

Accurately evaluate and interpret your SAF-T data

Sovos gives peace of mind through audit readiness and tax compliance.
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Sovos SAF-T Generation

Produce Full Range of SAF-T Reports Compliant with Different Jurisdictional Requirements

Keep pace with evolving SAF-T schemas

Generate SAF-T reports, ready for timely submission

The Organization for Economic Co-operation and Development (OECD) first introduced the Standard Audit File for Tax (SAF-T) in May 2005. Since then, a growing number of tax authorities have embraced it as a way to get a broad view of companies’ tax affairs. Many of the countries that have introduced SAF-T so far have also applied their own individual interpretation of the original, or subsequent 2010 version, of the SAF-T structure. However, the quantity of diverse data required by these unfamiliar, jurisdiction-specific SAF-T schemas makes it challenging for companies to meet their obligations. A tax authority’s request also leaves a relatively short window for companies to collate the data and present it in the prescribed format, especially if they need to do this across jurisdictions and in different formats.

Sovos SAF-T generation maps data into the correct schema, ensuring that format requirements are met. There is also the value of our complementary SAF-T analytics to ensure the final SAF-T generated comprises robust data and is truly submission-ready. This powerful combination of modules in the Sovos SAF-T solution provides peace of mind that the SAF-T reporting sent to the tax authority will satisfy its requirements for more detailed information, without need for additional scrutiny.

Consolidate and present data in country-specific, legal XML structures

Deliver the outputs required by each individual tax authority that has introduced SAF-T

Expand coverage as new jurisdictions introduce a SAF-T requirement

Ensure data is fully consolidated from all relevant sources to generate create the SAF-T report in the correct legal structure

Produce valid, submission-ready content when used in conjunction with APR SAF-T analytics.

Provide a repository of the SAF-T files reporting generated, so they the reports can be accessed at a later date.

Used together with Sovos’ SAF-T Analysis module, with its application of data accuracy and fraud inference rules, this ensures appropriate action can be taken to address any anomalies and correct or explain errors. It also provides greater assurance that SAF-T submission will not result in further tax authority scrutiny.

Learn more about how Sovos alleviates the burden associated with SAF-T generation.

Our SAF-T Triple Play solution streamlines the end-to-end process of preparing SAF-T reports.
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Sovos SAF-T Solutions

Save Time and Effort Preparing Audit-Proof SAF-T Files that are Complete and Submission Ready

Data extraction, analysis and file generation

Automate the process of preparing robust, accurate and compliant SAF-T files

SAF-T (Standard Audit File for Tax) is an international standard for electronic exchange of reliable accounting data from organizations to a national tax authority or external auditors. Tax administrations use it to gather more granular data from businesses on either an on demand or periodic basis. Sovos can manage all SAF-T requirements across multiple jurisdictions through automated processes that seamlessly extract required data, map data accurately to SAF-T structures in the latest legal formats and perform deep analysis on SAF-T output generated.

Sovos provides certainty with a future-proof strategy for tackling compliance obligations across all markets as indirect tax (VAT) regulations evolve toward continuous e-reporting and other continuous transaction controls (CTCs) requiring increasingly granular data. Sovos’ solution for SAF-T combines extraction, analysis and generation providing our customers with the certainty they need.

Sovos SAF-T Extraction

Remove the pain of getting a wide range of data from source systems into country-specific SAF-T schemas.
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Sovos SAF-T Analysis

Prepare and check the accuracy, integrity and quality of data structures required for tax and compliance purposes, including SAF-T.
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Sovos SAF-T Generate

Map a wide range of data into the correct schema to ensure your SAF-T report is ready to be submitted on time.
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Experience end-to-end handling for compliance peace of mind with Sovos’ SAF-T triple play

Enhance decision-making with full visibility of system data through an intuitive and user friendly interface.

Assess accuracy, integrity and quality of data to ensure compliance with each country’s distinct SAF-T obligations.

Perform cloud-based platform diagnostics of your financial and tax health.

Review ERP source data to determine if errors originate with extraction/mapping or system configuration.

Conduct forensic tests to pinpoint possible anomalies in your data.

Analyze syntax accuracy to ensure file compliance and the integrity and quality of the data.

Maximize operational efficiency by identifying tax anomalies that may cause business problems.

Ensure alignment between SAF-T data and financial statements in advance preparedness for inevitable inspections.

Ensure alignment of all your businesses’ data from any source or format.

Sovos alleviates the burden of extracting, creating and analyzing prior to final files being generated.
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Maximise efficiency with the first end-to-end solution for IPT

Automate jurisdiction-level summary reporting, remittance & payment for insurance premium tax.

Centralise Data & Guarantee Accuracy

Sovos IPT Reporting

Sovos is serious about regulatory analysis. It is a foundational core strength of our company around which we have built agile software solutions and a global infrastructure.

Sovos IPT Reporting is the processing engine that reports on and generates tax returns needed for insurance premium tax compliance on a global basis.  Combined with Sovos IPT Determination and our managed services, it provides the first complete compliance solution for insurance premium tax.

IPT Specialists

Support when you need it

We appreciate that some IPT obligations may sometimes require human intervention and additional analysis. That’s why our team of specialists work with you to review insurance policy data and validate premium taxes as appropriate to eradicate errors and provide a complete enhanced solution. Our multi-lingual team has long established relationships with the tax authorities to ensure a thorough understanding and interpretation of local rules for your compliance.

Easing the burden of tax compliance​

Expand IPT knowledge

  • Coverage of 50+ jurisdictions with increasingly global content
  • Detailed information on declaration and reporting requirements
  • Team of specialists fluent in 20+ languages and local regulations

Integrate with end-to-end efficiency

  • Calculate and report IPT across multiple locations with various local regulations via a single tool
  • Ensure audit defense with archived data
  • Encrypt and manage your data within a robust and secure environment

Compliance confidence

  • Perform data enrichment rules to fill-in gaps
  • Ensure reports are always submitted on time with filing calendar
  • Stay ahead of changes with notification alerts

E-Arşiv-Invoice Compliance

Send invoices to companies, other end users and taxpayers that may not have registered in the e-invoice system.

Tax compliance software for Turkey

Turkey e-Arşiv Invoice

Sovos e-Arşiv Invoice solution offers complete compliance for the Turkish B2C e-invoicing mandate. Connecting directly from your environment, or via our cloud API, our solution is designed to make your payment and collection processes more efficient.

It provides full visibility of your outbound invoices and digitally stores the e-arşiv invoices for ten years, eliminating physical archiving costs.

With support from our team of local language VAT experts and our regulatory specialists monitoring and interpreting the regulations, our solutions stay dynamically updated in real-time.

Sovos e-Arsiv Invoice provides compliance peace of mind, as well as keeping you prepared for tomorrow.

Feature List

Integration

• Integrates with most accounting software using flexible API
• Manage all processes on SAP without need for additional software and/or hardware

Simplicity

• Easy to use cloud portal showing all invoices in one place (desktop and mobile)
• Eliminates manual process costs: hardware, ink and delivery
• Digitally archives for ten years removing physical storage costs

Reliability

• Creates and sends digital invoices quickly speeding up the payment process
• Improves business to customer invoicing process and reduces risk of manual errors (including direct send via the software)

Support

• Continually monitors the TRA keeping you up to date with regulatory changes

Find out more

Contact us for more information or to arrange a live demo on our SAP environment.
Schedule a demo

E-Delivery Note Compliance

From 1 July 2020 e-Delivery Note takes effect for businesses with annual sales revenue above TRY 25m.

Digital Transformation in Turkey

Turkey e-Delivery

Sovos e-Delivery Note fully complies with Turkey’s e-delivery note mandate. Connecting directly from your environment, or via our cloud API, our solution is designed to speed up your distribution and audit processes.

Sovos e-Delivery Note provides full visibility of all your delivery notes as well as the status of each one helping you keep track of the shipment process via the barcode on sent e-delivery notes. It allows instant access to all data, eliminating the possibility of deliveries being lost.

Sovos e-Delivery Note solution for Turkey provides compliance peace of mind, as well as keeping you prepared for tomorrow.

Feature List

Integration

• Integrates with most accounting software via flexible API

Simplicity

• Easy to use cloud portal showing all of your delivery notes in one place (desktop and mobile)
• Eliminates the cost of manual processes: hardware, ink and delivery
• Archives digitally for ten years removing physical storage costs

Reliability

• Creates and sends electronic delivery notes and receives replies instantly, accelerating the shipment process
• Strengthens business shipment process and reduces risk of human errors (including direct send via the software)

Support

• Continually monitor TRA regulatory changes, and keep you informed with real-time updates

Find out more

Contact us for more information or to arrange a live demo on our SAP environment.
Schedule a demo

E-Ledger Compliance

Store your ledgers electronically and reduce your carbon footprint with our e-ledger platform.

One platform for flexible, scalable e-invoicing

Turkey e-Ledger

Sovos e-Ledger fully complies with the Turkish e-ledger mandate. Connecting directly from your environment, or via our cloud API, our solution is designed to digitize the process of keeping and archiving cash ledger information – including ledgers stored with other vendors. It provides full visibility of your data with secure archiving for ten years.

Sovos e-Ledger solution for Turkey provides compliance peace of mind, as well as keeping you prepared for tomorrow.

Feature List

Integration

• Flexible integration with most accounting software using API

Support

• Meets all requirements, standards, and formats defined by TRA
• Upload basic file formats manually
• Upload and archive previous ledgers
• Ensures compatible information transfer between private and public institutions
• Continually monitor TRA regulatory changes, and keep you informed with real-time updates

Reliability

• Access ledger data anytime, anywhere
• Fast and secure structure to access and check the ledgers
• Minimizes the risk of penalty from TRA by checking the schema before submitting

Simplicity

• Reduces costs by eliminating related hardware costs
• Digitally archives for ten years removing physical storage costs

Find out more

Contact us for more information or to arrange a live demo on our SAP environment.
Schedule a demo

Simplify Tax Determination For Every Transaction, In Any Jurisdiction

As indirect tax goes digital around the world, you’re now in a race to stay ahead.

Indirect Tax Software Solution

Global Tax Determination

You need accurate rates for value-added tax (VAT), goods and services tax (GST), and sales and use tax. You need to be right every time — in real time — no matter how often rates change or how many product and jurisdictional combinations you’re managing.

By combining VAT, GST, excise, and sales and use tax determination support in a single solution, Sovos safeguards businesses from error-triggered audits, while keeping your systems up to speed with constantly changing determination rules.

Feature list

Real-time tax calculation

Get automated, accurate VAT, GST, and sales tax rates and rule updates for more than 185 countries, state and local jurisdictions for all sales and purchases. Sovos Global Tax Determination includes thousands of unique product codes and industry-specific content, product types and scenarios, including variables like caps and thresholds, drop shipments, tax holidays or project exemptions to stay compliant despite the most complex scenarios.

Centralised database

Easily consolidate your data for accurate tax calculation within a single system.

Simple integrations

Maximise resources by standardising and centralising data, reconciliations and reporting processes through certified adapters for SAP and Oracle and many other ERP, ecommerce and purchasing systems. Flexible REST API enables real-time calculation with any system.

Optimal cloud performance

Backed by the Sovos Intelligent Compliance Cloud and S1 Architecture, Global Tax Determination delivers instant tax calculations even during peak transactional periods, like Black Friday and Cyber Monday. Flexible deployment options ensure 100 percent up-time and performance.

Customers

E-Invoicing Compliance

E-Invoice compliance enables you to efficiently create and send invoices in a digital environment; providing compliance peace of mind today, as well as preparing you for tomorrow.

Tax Compliance Software for Turkey

Turkey e-Invoice

Sovos e-Invoice provides full compliance with Turkey’s e-invoicing mandate. Connecting directly from your environment, or via our cloud API, our solution improves efficiency by speeding up payment and collection processes and providing full visibility of the status of your individual invoices.

Our team of regulatory specialists and fiscal representatives constantly monitor and interpret tax regulations around the world. Our software is then dynamically updated in real-time enabling you to focus on what matters to your business, knowing we have your tax compliance requirements covered.

“Sovos solved our e-invoice issues in less than a day. Sovos is really excellent in technical support.”

Murat ÖZTÜRK, Accounting Manager

Celal Sölluklu Petrol

Feature List

Integration and scalability

• Integrates with most accounting software using flexible API
• Accepts a range of different data formats
• Manage all processes on SAP without any need for additional software and/or hardware

Minimise errors

• Ability to monitor all your invoices in one place (desktop and mobile) via easy to use cloud portal
• Removes manual process costs such as hardware, ink and delivery
• Preserve your IT resources with easy-to-use software that requires little to no IT involvement

Reduce Risk

• Issues digital invoices quickly, speeding up the payment process
• Improves business invoicing process and reduces the risk of manual errors (including sending directly from your ERP)
• Digitally archives for ten years preventing the invoice loss

Support

• Continually monitor TRA regulatory changes, and keep you informed with real-time updates

Find out more

Contact us for more information or to arrange a live demo on our SAP environment.
Schedule a demo

Digitize Your Receipt Clearance Process

E-receipt software from Sovos prepares you for the new realities of digital taxes. Our solution ensures you remain compliant with all the latest mandates across the globe.

A global solution for receipt clearance

Keep up with evolving mandates with Sovos eReceipts.

As e-invoicing has swept the globe, in particular Latin America and Europe, you’ve had to adapt to new mandates covering first B2G and then B2B transactions. Now, a third wave is emerging: business-to-consumer (B2C) mandates for e-receipts.

With e-receipts, each purchase your customers make is available in a portal accessible by those consumers and the local tax authority. Governments can ensure they are enforcing, and you are charging, the correct tax. While e-receipts represent another global tax mandate, the digitisation of tax in the B2C realm also presents an opportunity for efficiency, cost reduction, environmentally friendly business practices and even additional value for your customers.

The first global solution for receipt clearance

Neutralise the risk of financial penalties and maximise efficiency with our digital receipt software. Rid yourself of the burden of incorporating new mandates into your e-receipts reporting processes. Trusted by more than half of the Fortune 500 in 120 different countries, Sovos offers unmatched experience in solutions for real-time reporting requirements around the world. 

Neutralize the risk of financial penalties and maximize efficiency

Solving tax anywhere you do business

Integration with Sovos eInvoice and eArchive for an end-to-end solution that covers you anywhere you do business

Unparalleled industry expertise

Experience, with more than a decade of worldwide, real-time transaction processing

Global reach

The largest clearance network in Latin America and world-class regulatory analysis

In the business platforms you already use

Solutions embedded in more than 65 vendor platforms

Endpoint certification

Endpoint certification in all markets that mandate it

Speaks your language

Support in English, Spanish, or Portuguese

Ensure your business is compliant with CTC obligations.

Sovos provides the global expertise you need to manage regulatory requirements across all borders.
Talk with an expert today

E-Invoice Archiving For 60+ Countries

There is no audit protection without e-archiving. Sovos delivers an e-archive solution that keeps you compliant in more than 60 different countries.

Protecting you from sudden audits

Universal, compliant archiving of e-invoices for 60+ countries

Tax administrations across the world are spending billions on invoice control systems, putting pressure on you to implement e-invoicing compliance in a consistent, scalable and cost-effective manner. You can’t start thinking about this without e-archiving software at the center of your plans. 

E-invoicing rules vary from country to country, but the common denominator nearly everywhere is the requirement to archive the “original” invoice.

Sovos eArchive provides universal, compliant electronic invoice archiving for more than 60 countries, including country compliance maps, preservation sets, timestamps and signing and validation services. Post audit capabilities protect you from sudden audits and are automatically updated with local compliance requirements tracked by Sovos experts. 

Sovos eArchive provides:

  • Global reach via a single API in clearance and post-audit countries
  • Flexible integration to any ERP system, third-party archive, P2P solution or EDI function
  • Support for custom and mandatory data with up to seven attachments, ensuring all required attachments, search criteria and other needs are archived 
  • The original invoice in its government-mandated schema, including XML, PDF and others
  • Storage of related attachments such as human-readable PDFs, previous audit results and attached documents
  • Organisational custom tags, allowing for quick searching and other non-audit-related tasks, like legal reviews and accounting look up
  • Country-specific security and rehash requirement solutions in countries where they are required, for example, Hungary and Italy
  • Defense against the normal wear and tear of archive access sessions due to audits, file retrievals and other actions
  • Authorised use and viewing of records
  • An audit trail, with tracking of who can access an archive 
  • Alignment with industry best practices, such as eIDAS, GDPR, ISAE 3402 Type II and encryption when at rest or in motion
  • Immediate tax proof with a single source of truth during audits, making invoices easy to find
  • Change management, with a solution constantly updated, maintained, and tested in all covered territories

Customers

Ensure your business is compliant with CTC obligations.

Sovos provides the global expertise you need to manage regulatory requirements across all borders.
Talk with an expert today

The First Global Solution For E-Invoicing Compliance

Get ready for modern tax with Sovos eInvoice. Our e-invoice compliance solution ensures that you won’t have to worry about incorrect data  holding up your compliance processes.  This electronic invoicing software makes it possible to keep up with ever-changing international tax requirements so you’re always compliant no matter where you do business.

One platform for flexible, scalable e-invoicing

Global e-invoicing compliance

With the rapid pace of globalization, governments all over the world are now leveraging technology to close tax loopholes. Though each country differs in specific requirements, the shift toward real-time e-invoicing is transforming business-to-government compliance at every point in the supply chain–and leaving businesses scrambling to turn continuous tax compliance to their advantage.

Compliance-related issues and errors can cost you time and eat into your profits. Accuracy is more important than ever.

Sovos eInvoice simplifies global e-invoicing compliance, supported by our in-depth local knowledge to keep you up to date in today's constantly changing regulatory environment.

AR & AP invoice management

Manage accounts receivable and accounts payable invoicing mandates within one platform and stay compliant with both processes, when submitting invoices to clients, and validating invoices when received from suppliers.n

VAT Reporting

Guarantee compliant VAT reporting by using the same data set of both AR and AP process. You can always have VAT-compliant invoices with the help of this software.

Data extraction & mapping

Identify all fields required for fiscal compliance and map them to the correct XML schema defined by the local tax administration for tax-compliant invoices.

Global transmission & government connectivity

Connect to more than 60 tax administrations covering B2B and B2G requirements with a secure, certified connection through our e-invoice services.

Validation

Analyze issued and received invoices and syntactically validate them to ensure the XML document meets local tax authorities' technical specifications.

Invoice monitoring

Track invoice statuses and rejection notices, view audit trail, and view attachments in both XML and PDF formats. You'll also get visibility into invoices and report statuses all within one platform, so your team can minimize errors and risks, and monitor approved and rejected invoices.

Automated printing

Output legal invoices, including requirements for logo, special bar codes and signing data.

Guarantee authenticity & integrity

Ensure invoices have digital certificates delivered by certified authorities who are accredited by local tax authorities.

Flexible end-to-end integration with any ERP

Establish data integration processes with internal systems to automate the issue and receipt of all invoices. Solution adaptability lets you drive integration with any ERP on the market.

Contingency management

Guarantee your business operations will continue despite any government system failure.

Invoice automation

Streamline your processes and prevent human error from creating issues with the help of our e-invoice management solution.

Customers

Ensure your business is compliant with CTC obligations.

Sovos provides the global expertise you need to manage regulatory requirements across all borders.
Talk with an expert today

Tax Compliance Software for Turkey

The first global e-transformation solution providing reliable and easy to use software to comply with the Turkish mandate.

One Platform: Flexible, Scalable Compliant

Our e-transformation solutions meet all the requirements, standards, and formats defined by the Turkish Revenue Authority (TRA).

E-Invoice Compliance

E-Invoice compliance enables you to efficiently create and send invoices in a digital environment; providing compliance peace of mind today, as well as preparing you for tomorrow.
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E-Arşiv Invoice

Send invoices to companies, other end users and taxpayers that may not have registered in the e-invoice system.
Learn More

E-Ledger

Store your ledgers electronically and reduce your carbon footprint with our e-ledger platform.
Learn More

E-Delivery Note

From 1 July 2020 e-Delivery Note takes effect for businesses with annual sales revenue above TRY 25m.
Learn More

“We selected Sovos based on previous experience. Their SaaS options were just the icing on the cake.”

Shell

Find out more

Contact us for more information or to arrange a live demo on our SAP environment.
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Complete IPT Compliance for Insurers

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Benefit from technology and streamline IPT determination

Sovos has over 20 years of demonstrated success in IPT compliance with the world’s most complex insurers

Boost tax capability

with an intuitive IPT calculation tool to ease the burden of inhouse tax research and removing the need for additional internal resources

Protect margins

by reducing penalties and only paying what is required

Automate data and workflows

between client underwriting systems and streamline processes with API integration capabilities

Protect your business

from financial and reputational risk by improving adaptability and dealing with fast-changing regulations confidently

Bolster audit defense

with complete and transparent audit trails

Simplify operations

by managing all IPT compliance needs with one global vendor
IPT determination compliance software

Safeguarding insurers from the risks of noncompliance

For cross-border insurers, navigating the complex insurance tax landscape across multiple jurisdictions can feel overwhelming.

Tax authorities continue to take measures to boost revenues, increase efficiency and reduce fraud.  There’s a notable shift towards digital insurance premium tax (IPT) reporting, placing an additional burden on insurers.

Sovos IPT Determination

Combined with IPT Managed Services, we offer the first virtual end-to-end IPT compliance solution.

Sovos IPT Determination enables non-tax experts to confidently calculate and apply global IPT rates at quotation.

The solution is updated in real-time, so the tax rates and tax applicability are always accurate. And this also applies to filing requirements easing the strain of changing filing requirements and settlement deadlines.

Sovos IPT Determination is centered around a detailed, real-time global database of IPT tax data for over 80 countries, including millions of jurisdictional and product combinations – ideal for insurers writing complex global programmes.

Sovos IPT Determination builds premium allocation ahead of all policies such as renewal of international programmes. It allocates premiums per territory covered, intuitively supporting the entire underwriting process by accurately identifying, calculating, and applying the appropriate taxes at quote stage.

Book a Demo

See for yourself how Sovos IPT Determination can take care of the details of IPT compliance.

Sovos IPT Captive

Built specifically for the Captive market, Sovos IPT Captive allows you to track your programmes from renewal through to settlement. Combined with our managed services, it is the first end-to-end IPT compliance solution built for Captives.

Features that make Sovos a market leader in IPT compliance

  • Real-time tax calculation solution with automated updates to rates and rules for IPT plus parafiscal charges
  • Tax liability – clarity on who should pay and administer taxes such as Insurer-borne taxes or Insured-borne taxes
  • Covers Co-Insurance programmes
  • Adaptable solutions fit your processes through bespoke insurance product mapping
  • Duplicate quotes for renewal with ability to copy existing quotes with current tax point date for renewals saving time
  • Download tax schedules via pdf or excel
  • Ability to submit software queries or tax related queries to support
  • Complex calculations simplified such as Spain CCS, Portugal Stamp Duty
  • Ability to search, view and manage colleague quotes through permission matrix with admin functions
  • Handles both admitted and non-admitted calculations for Global Programmes
  • Global tax database of 80+ countries
  • Tax calculation API for integration into your systems and process
  • Integrated IPT Reporting with ability to push quotes for filing*

Benefit from technology and streamline your IPT Determination

Sovos IPT Determination enables non-tax experts to confidently calculate and apply bespoke mapped real-time global IPT rates at quotation
Learn more

E-book: IPT Compliance – A Guide for Insurers

Get the latest guidance on IPT compliance across the world
Get the e-book