Tax Rules, Mandates and Regulations

Keep up on what’s happening in the digital transformation of tax worldwide.

Indonesia’s VAT requirements

Indonesia’s VAT requirements Indonesia’s e-invoicing system and continuous transaction controls After experiencing challenges in its tax control system, Indonesia adopted an e‑invoicing system, locally known

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Israel E-invoicing

Israel E-Invoicing Plans for a continuous transaction controls system In an effort to combat VAT fraud, Israel is undergoing a tax reform. Currently under an

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Romania’s VAT regime

Romania’s VAT regime Romania introduces measures to digitally transform its tax administration and close the VAT gap Seeking to close its VAT gap, the Romanian

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Saudi Arabia E-Invoicing

Saudi Arabia – E-Invoicing Saudi Arabia leads the way to continuous transaction controls in the Gulf Saudi Arabia e-invoicing from December 2021 Saudi Arabia will

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Portugal’s VAT Regime

Portugal’s VAT Regime Portugal pushes further ahead with VAT digitization Back in 2019, Portugal passed a mini e-invoicing reform consolidating the country’s framework around SAF-T reporting and

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E-Invoicing India

E-Invoicing India

India’s Continuous Transaction Control e-invoicing model applies to both domestic and cross-border transactions India E-Invoicing Under the new Goods and Services Tax (GST) framework, the

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myDATA Greece

Greece to introduce Continuous Transactions Controls (CTCs) for domestic and cross-border transactions Greece myDATA Greece introduced a new Continuous Transaction Controls (CTC) scheme, myDATA –

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E-Invoicing (Mexico)

MEXICO E-INVOICING Mexico has one of the oldest and most complex sets of electronic invoicing regulations in the world. For more than a decade, Mexico

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E-Invoicing (Colombia)

e-invoicing Colombia’s tax authority, the DIAN, has introduced changes to its e-invoicing model With lessons learned from the first iteration of e-invoicing in Colombia, the

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E-Invoicing (Brazil)

Brazil e-invoicing regulations Brazil has a mature but extremely complex e-invoicing system In 2008, Brazil adopted a clearance electronic invoicing model in which the country’s

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Saf-T Norway

SAF-T Norway

Norway’s VAT Requirements Norway’s SAF-T reporting requirements are evolving as tax continues to digitize ReformDesigned to reduce the compliance burden and administrative costs associated with

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SAF-T Poland

Poland

Poland’s VAT Requirements Poland’s CTC and SAF-T framework In an effort to modernise its tax systems and close the VAT gap, Poland’s tax authority, the

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SII Spain

SII Spain

Spain has a near real-time reporting system for domestic transactions Spain SII Spain is one of the first EU nations to adopt the Continuous Transaction

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RTIR Hungary

RTIR Hungary

Hungary has been a pioneer in Continuous Transaction Controls (CTC) approach in the EU RTIR Hungary In 2018, Hungary established a legal framework requiring taxpayers

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France E-Invoicing

E-Invoicing France

France, One of the EU’s Largest Economies, introduces Continuous Transaction Controls France E-Invoicing from 2024 France is introducing continuous transaction controls (CTCs). From July 2024 to January 2026, France

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Italy E-Invoicing

Italy Is the first Clearance E-Invoicing Model in the EU for all VAT transactions Italy: A European Pioneer in CTC e-invoicing Seeking to close one

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E-Transformation Turkey

Turkey’s E-Transformation Journey Turkey has one of the most established Continuous Transaction Controls (CTC) systems in place outside of Latin America Turkey’s e-transformation started with

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BREXIT VAT

Post-Brexit: Businesses Must Have a VAT Compliance Plan-of-Action in Place Brexit is here UK and EU businesses need to rise to the VAT compliance challenge

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Value Added Tax Products

Previous / On-Demand Webinars

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Black Friday Countdown: Are You VAT Ready with OSS?
Oct 14, 2021
Black Friday Countdown: Are You VAT Ready with OSS? Time: 14:00 BST / 09:00 EDT  Date: October 14, 2021 On 26 November, Black Friday presents […]
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Simplify EU VAT with IOSS – Unlock the EU E-Commerce Market
Sep 22, 2021
Simplify EU VAT with IOSS – Unlock the EU E-Commerce Market Time: 3:00pm BST / 10:00 EDT  Date: September 22, 2021 Join our latest webinar […]
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Blog

Expert Series Part V: New Roles for IT in the Wake of Expanding Global Mandates

Part V of V – Christiaan Van Der Valk, vice president, strategy and regulatory, Sovos  Click here to read part IV of the series.   Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments are […]

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Fire Brigade Tax in Slovenia

Problems encountered with Fire Brigade Tax rate increase in Slovenia Slovenia’s Fire Brigade Tax (FBT) has changed. The rate increased from 5% to 9%. This came into effect on 1 October 2022. The first submission deadline followed on 15 November 2022. Unfortunately, the transition has been plagued by problems. We discuss some issues and how […]

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E-invoicing and Fiscal Digitization in Africa

African countries are following e-invoicing and continuous transaction control trends implemented rapidly by many countries around the globe. Each country in the continent is developing their variation of a tax digitization system. This means there is currently no standardisation with compliance requirements differing in each jurisdiction. A common transaction reporting feature among African countries is […]

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Expert Series Part IV: New Roles for IT in the Wake of Expanding Global Mandates

Part IV of V – Ryan Ostilly, vice president of product and GTM strategy EMEA & APAC, Sovos Click here to read part III of the series.   Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your […]

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Denmark E-Invoicing Requirements

New bookkeeping law – Lov om bogføring On 19 May 2022, the Danish Parliament passed a new bookkeeping law – Lov om bogføring – introducing requirements for companies to use a digital bookkeeping system. Section 16 of the Law requires many Danish companies to use a digital bookkeeping system and make their bookings electronically. The final […]

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UK: Updates to Making Tax Digital for VAT

Update: 3 November 2022 by Russell Hughes Making Tax Digital – Filing VAT Returns through Online VAT Account to become redundant From Tuesday 1 November 2022, businesses filing VAT returns in the UK will no longer be able to submit via an existing online VAT account unless HMRC has agreed to an exemption from Making […]

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Expert Series Part III: New Roles for IT in the Wake of Expanding Global Mandates

Part III of V – Eric Lefebvre, chief technology officer, Sovos  Click here to read part II of the series. Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments are now an omni-present influence in your […]

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Manage Your Mandates Before They Begin Managing You

It’s a good year to be an IT leader. After far too many years of the phrase “do more with less” being the mantra of most organizations when it came to technology spending, things are finally looking up. According to research firm Gartner, IT spending will reach an estimated $4.5 trillion in 2022. This represents […]

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The Red Phone is Ringing and IT Needs to Answer the Call – Five Things to Know

It might not quite be THAT red phone that’s ringing, but rest assured, management is currently dealing with a serious problem, and they are looking at IT to solve it for them. There are two things that make Boards and C-Suites nervous beyond all else. Risks that have the potential to impact the bottom line […]

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Invoicing in Chile – foreign currency exchange operations

Invoicing in Chile is changing on 1 December 2022. This is when resolution 66 from the Chile Internal Revenue Service comes into force. This new regulation concerns organisations with foreign currency operations. Banks, stockbrokers, exchange houses and financial institutions are affected. Other intermediaries or entities that carry out foreign currency purchase and sale operations themselves […]

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VAT Exempt Supplies: Selling under Ex Works Clause

A recent preliminary ruling request to the European Court of Justice, Case C-664/21, NEC PLUS ULTRA COSMETICS, has re-emphasised the importance of collecting documentation when carrying out a zero-rated supply in the EU. The 2017 NEC PLUS ULTRA COSMETICS case involved a company established in Switzerland selling cosmetics products under the Ex Works clause from […]

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Expert Series Part II: New Roles for IT in the Wake of Expanding Global Mandates

Part II of V – Oscar Caicedo, Vice president of product management for VAT Americas, Sovos Click here to read part I of the series.  Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments […]

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How the future of work could affect insurance for businesses

What is the current situation for insurance for businesses? Until the Covid-19 pandemic in March 2020, the view was that businesses provide insurance such as Employers’ Liability during normal day-to-day operations. Employers’ Liability insurance is compulsory, protecting a company’s employees and workplace visitors for accidents where a claim needs to be settled. Following the Covid-19 […]

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The Data Partner You Didn’t Ask for is Now in Charge

Imagine this scenario. Your business partner changes the rules on you mid-stream and your ability to conduct business with them is now contingent on changing your entire reporting structure to meet their new demands. Oh yeah, I should also mention the time frame to meet these demands is extremely tight and if you don’t, you […]

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Expert Series Part I: New Roles for IT in the Wake of Expanding Global Mandates

Part I of V – Steve Sprague, chief commercial officer, Sovos  Government-mandated e-invoicing laws are making their way across nearly every region of the globe, bringing more stringent mandates and expectations on businesses. Inserted into every aspect of your operation, governments are now an omni-present influence in your data stack reviewing every transaction in real […]

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Meet the Expert – Sean Burton, Senior Compliance Services Representative

Meet the Expert is our series of blogs where we share more about the team behind our innovative software and insurance premium tax (IPT) compliance services. As a global organisation with indirect tax experts across all regions, our dedicated team are often the first to know about regulatory changes and developments in global tax regimes to […]

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French CTC Regime: How to Comply as a Service Provider and Taxpayer

France is implementing a decentralised continuous transaction control (CTC) system where domestic B2B e-invoicing constitutes the foundation of the system, adding e-reporting requirements for data relating to B2C and cross-border B2B transactions (sales and purchases). Under this upcoming regime, data or invoices can be directly sent to the Invoicing Public Portal ‘PPF’ (Portail Public de […]

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Treatment of Space Insurance

Space insurance and the application of IPT on these policies has been a talking point in recent months. The main question? Location of risk. This blog considers the background and explores the current state of space insurance. What does space insurance cover? Space insurance typically provides a broad range of coverage relating to spacecraft, such […]

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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.

ebook: VAT Digitization in Eastern Europe

Tax regulations in Eastern European countries are complex but that shouldn’t be a reason not to do business there. If you’re responsible for VAT compliance, this ebook provides key details of the varying VAT digitization mandates and business requirements across the region.

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Understanding European VAT Compliance

This e-book is the result of our tax experts’ research and is ready for you to download. It’s ideal for anyone involved in VAT compliance who is keen to learn more.

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SAF-T International Standards: SAF-T Compliance

SAF-T (Standard Audit File for Tax) is an international standard for the electronic reporting of accounting data from organisations to a national tax authority or external auditors used by tax administrations to gather granular data from businesses either on demand or periodically.

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Bridging the IT-Tax Compliance Gap

Sorting out indirect tax issues was not traditionally at the top of any IT organisation’s to-do list. Today that’s changed and new VAT compliance mandates being introduced at an increasing rate around the world have elevated its status.

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ebook: Preparing for France’s Mandatory Continuous Transaction Controls in 2024

France is now moving towards continuous transaction controls (CTCs), introducing mandatory e-invoicing coupled with e-reporting.

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ebook: Managed Services for VAT Compliance

Sovos’ end-to-end, technology-enabled VAT Managed Services can ease your compliance workload and mitigate risk where-ever you operate today, while ensuring you’re ready to handle the VAT requirements in the markets you intend to dominate tomorrow.

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Ebook: Simplify EU VAT with IOSS

The EU E-Commerce VAT Package came into effect on 1 July 2021. And with it, the need for operational change, business disruption and plenty of accounting complexity.

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Indirect Tax Rules for Insurance Across the World

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.

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Trends 13th Edition 2022

Welcome to the 13th edition of Sovos’ annual Trends report where we put a spotlight on current and near-term legal requirements across regions and VAT compliance domains.

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Understanding VAT Obligations: European Events

Download our guide to VAT registration and place of supply rules for events, conferences and exhibitions in the European Union.

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Infographic: France – Mandatory B2B e-Invoicing 2024

France – Mandatory B2B e-Invoicing 2024 Faced with a VAT gap of nearly €13 billion, France is introducing mandatory e-invoicing for business-to-business (B2B) transactions from 2024, as well as e-reporting of additional data types. Applying to all companies established or, for e-reporting, VAT-registered in France, this new mandate is complex. It will also require significant […]

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How Tax Compliance Impacts Supply Chain Globalisation

A detailed look into crucial elements of tax compliance – inform your VAT strategy and reap the benefits of an efficient global supply chain.

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eBook: IPT Compliance – A Guide for Insurers

Keeping up to date with the latest rates, rules, and regulation of Insurance Premium Tax (IPT) is a challenge for insurers. Not to mention this is especially complex for insurers writing across multiple territories.

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Infographic: Easier VAT Reporting with Sovos Advanced Periodic Reporting

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.

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Infographic: Incoterms® – VAT implications for cross-border business

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

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IPT Compliance – Taking Care of the Detail So You Don’t Have To

At Sovos, we are IPT compliance specialists and we solve tax for good. Insurance Premium Tax is one of our specialisms, and we know it well.

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VAT Managed Services: Blending human expertise and software

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

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EU E-Commerce VAT Package: New Rules for 2021

From 1 July 2021, the existing Mini One Stop Shop (MOSS) scheme transitions to a new framework. This is the 2021 EU e-commerce VAT package. This e-book guides you through the EU’s OSS, IOSS and the new VAT rules for e-commerce.
This edition of “Trends” is the first to expand its scope well beyond e-invoicing compliance to the full universe of continuous transaction controls, including e-archiving, and VAT determination and reporting.

Governments worldwide are moving rapidly toward adopting clearance e-invoicing, making them real-time trading partners in business-to-business transactions. At the same time, corporations are launching massive IT projects to migrate enterprise resource planning (ERP) implementations to a powerful new generation of systems, including SAP S/4HANA.

As a result, VAT compliance has never been as complex or as critical as it is now. Companies that mishandle it risk halting or even reversing their own digital transformations. This report provides a path to compliance, as well as comprehensive updates on global mandates.

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Knowledge Centre

Get the latest insights on tax compliance and government reporting.

Slovenia Fire Brigade Tax
IPT

Fire Brigade Tax in Slovenia

Problems encountered with Fire Brigade Tax rate increase in Slovenia Slovenia’s Fire Brigade Tax (FBT) has changed. The rate increased from 5% to 9%. This

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Real-time Knowledge Centre

The latest insights on tax compliance and government reporting from around the world.

Case Studies

Don’t just take our word for it. There’s a reason Sovos products are used by more than half the Fortune 500 and the world’s best companies.