Customers can securely process high volumes of documents for billing and electronic validation in real- time BOSTON – October 5, 2022 – Global tax software provider Sovos today announced it has acquired Lima, Peru-based Escontech, one of the main leaders in the country in SaaS electronic invoicing and validation services
Global tax software provider Sovos today announced it has acquired Accordance, a U.K.-based value-added tax (VAT) managed services company. Accordance has been a Sovos partner since 2018 and has implemented Sovos VAT Reporting software to provide technology-enabled compliance services to its clients. The acquisition comes at a critical moment for VAT countries,
Andy Hershey and Chris Lynch bring vast experience to key sales and marketing functions for global platform companies ATLANTA, FEBRUARY 8, 2024 – Global compliance technology solutions and services provider Sovos today announced the appointment of two new executives. Andy Hershey joins Sovos as its chief revenue officer, where he
Andy Hershey and Chris Lynch bring vast experience to key sales and marketing functions for global platform companies ATLANTA, FEBRUARY 8, 2024 – Global compliance technology solutions and services provider Sovos today announced the appointment of two new executives. Andy Hershey joins Sovos as its chief revenue officer, where he
Acquisition holds immediate benefit for customers with complex supply chains and footprints across Europe; furthers Sovos’ long-term global tax engine strategy BOSTON – December 6, 2021 – Global tax software provider Sovos today announced it has acquired Germany-based TLI Consulting GmBH. The move significantly advances Sovos’ value-added tax (VAT) determination
Earlier today, we announced that Sovos has acquired U.K.-based FiscalReps, Europe’s leading solution for Insurance Premium Tax (IPT) compliance. The acquisition does a few important things for our clients and the market as a whole: It adds IPT to our global solution for insurance companies, helping those businesses consolidate solutions
By Andy Hovancik – President & CEO Today, we announced the acquisition of Stockholm-based TrustWeaver to create a clear leader in modern tax software. TrustWeaver has become a seal of approval for the world’s largest procure-to-pay and AP systems. This is a testament not only to the effectiveness of its
Argentina VAT Compliance: An Overview for Businesses Doing business in Argentina means meeting your tax compliance obligations. Adhering to requirements from multiple mandates, including both VAT and electronic invoicing, can be demanding for organisations. This page serves as an overview of tax obligations in Argentina, helping you to understand your
Electronic invoicing in Peru Peru is far along in its e-invoicing journey, having implemented a mandate for all taxpayers to issue and receive electronic invoices. Regulated by the country’s Electronic Issuance System, e-invoicing was introduced in 2010 – though it was initially voluntary. The e-invoicing scheme in Peru includes more
Intrastat is an obligation created in 1993 that applies to certain businesses that trade internationally in the European Union. Specifically, it relates to the movement of goods – arrivals and dispatches – across EU Member States. The requirements of Intrastat remain similar across the EU, though certain Member States have
What is TicketBAI? TicketBAI is a joint project of the Provincial Treasuries and the Government of the Basque Country with the objective of implementing a series of legal and technical obligations for the taxpayers’ invoicing software. These obligations allow the tax authorities to control their economic activities, especially those in
Update: 3 May 2024 by Dilara İnal Israel Postpones CTC Rollout The Israeli Tax Authority (ITA) has postponed the rollout of the continuous transactions controls (CTC) mandate. The deduction of input tax is allowed with this second postponement, even in the absence of an allocation number, until 4 May 2024.
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
Japan’s Tax System Japan’s Tax System Starting with the introduction of a multiple tax rate system in 2019, Japan is in the middle of a multi-year process of upgrading its consumption tax system. Through this significant change, the Japanese government seeks to solve a tax leakage problem that has existed
E-invoicing was introduced in Peru in 2010, following the continuous transaction controls (CTC) trend in Latin American countries for a more efficient collection of consumption taxes. Since then, the government has rolled out measures to encompass a significant number of taxpayers under the country’s mandatory e-invoicing regime and advance new
Israel e-invoicing Israel is set to implement a continuous transaction controls (CTC) model that will require businesses to submit invoice data in electronic format for the tax authority to validate. The mandate, set to come into force in May 2024, will require invoice data to be validated by the country’s
Update: 05 January 2023 by Andres Landerretche More taxpayers join the Electronic Invoicing System of Paraguay (SIFEN) Since Paraguay started implementing its National Integrated System of Electronic Invoicing (SIFEN) plan in 2017, the Undersecretary of State for Taxation of Paraguay (SET) has carried out the process. The different phases are:
As managing director for the Americas region, Alvaro leads multiple Sovos initiatives, including integrating acquired companies and technologies into our strategic solutions and product offerings. Alvaro believes that adopting a client first approach helps to better understand customer needs and focus on solving specific problems across regions. Alvaro joined Sovos