Accurate sales tax determination is historically predicated on the seller knowing the precise street address of their customer. Since sales tax jurisdictional boundaries do not necessarily correspond to governmental boundaries (e.g., state, county, city) and don’t tightly align with zip codes, the only way to apply correct local rates is
It was widely expected that when the finance ministers of the EU convened last week that we’d receive news of a political agreement on the VAT in the Digital Age (ViDA) proposal. Unfortunately, due to the objections of one member state around the platform rules, this did not happen. Now,
ATLANTA, GA May 17, 2024 — Sovos, the always-on compliance company, announced today that CRN®, a brand of The Channel Company, has named Heidi Biggar, Claire Hulett, Danielle Moore, Emily Cripe and Wendy Francis to the Women of the Channel list for 2024. Every year, CRN highlights women from vendor,
Compliance Network: E-Invoicing, E-Receipts and E-Archiving Transact worldwide with confidence. Explore our Solution See Sovos in action Global Compliance for Continuous Transaction Controls Sovos Compliance Network is complete, continuous and connected. We process over 6 billion compliant invoices per year through our Compliance Network, more than 60 times other industry
Let’s begin with a basic premise. When it comes to tax compliance, you may trust your data, however, the government does not. Businesses may aspire to develop perfect visibility into business operations, but good visibility will often be good enough for meeting business objectives. Data insight is a relative rather
(Paris) May 14, 2024 – Two leading e-invoicing solution vendors in the French and global markets, Esker SA and Sovos, have announced that they have interconnected their platforms as a major step in their applications to become government-registered ‘PDPs’, or Partner Dematerialization Platforms. The French e-Invoicing reform will see 4
Following a webinar covering regulatory updates alongside key points of the VAT recovery process, this blog aims to shed light on the crucial aspects of VAT recovery – especially fast-approaching deadlines. Understanding the nuances of VAT recovery applications is essential for businesses seeking to optimize operational costs by recovering VAT
Ready for an Avalara Alternative? Has Avalara hit you with steep price increases, or have you been impacted by Avalara suddenly withdrawing solutions from the market? Are you experiencing limitations with Avalara’s tax engine and accuracy? Learn why companies are turning to the Sovos Indirect Tax Suite as an Avalara
Greece VAT Compliance: An Overview for Businesses Meeting your VAT compliance obligations in Greece is a multi-faceted task. This is especially true when you consider compliance is often comprised of multiple mandates, all of which are liable to continued change. From e-invoicing to myDATA, staying on top of all the
Sovos Indirect Tax Suite The only complete, global tax technology solution for VAT and SUT determination, e-invoicing, and filing. Learn more Powering more than 11 billion compliant indirect tax transactions, across 19,000 global tax jurisdictions each year Get Always-On Tax Compliance. Everywhere You Do Business. Part of the Sovos Compliance
Greece e-invoicing Electronic invoicing is mandatory for B2G supplies and optional for B2B and B2C supplies. However, the Greek authorities want to implement a nationwide B2B e-invoicing mandate as part of the e-invoicing reform. The reform started in 2020 with the roll-out of the country’s e-audit scheme called myDATA. E-invoicing
LONDON, April 24, 2024 – Sovos, the always-on compliance company, announced that it has aligned with the Digital Business Networks Alliance (DBNAlliance) as an early member, marking a significant milestone in the initiative’s development. As major player in the industry processing more than 11 billion transactions each year, Sovos’ membership
eBook IRS Modernization With over 40-years of tax law changes built into hundreds of legacy applications, the Internal Revenue Service has been embarking on an IT modernization journey for many years. With the introduction of digitization, the IRS began making significant strides these past few years in terms of modernizing
E-invoicing: An Overview Turkey was an early adopter of electronic invoicing when considering the global landscape of tax digitization. As part of its larger e-Transformation initiative, the country mandated e-invoicing in 2014. Understanding the complexities of Turkey e-invoicing and its other electronic systems can be challenging, however, and that’s why
Enhanced program provides access to the industry’s only complete platform for tax compliance and regulatory reporting (ATLANTA – April 15, 2024) Sovos, the always-on compliance company, today announced enhancements to its Sovos Partner Network program, further elevating its commitment to transform compliance from a business requirement into a force
Sovos, the always-on compliance company, today announced a joint business relationship with the Belgian PwC Firm PwC Business Advisory Services bv/srl (hereinafter: “PwC”), leveraging the companies’ complementary tax and advisory service expertise and solutions to address vital e-invoicing and e-reporting needs. Through this joint business relationship, Sovos and PwC clients
ATLANTA, GA, March 25, 2024 — Sovos, the always-on compliance company, has been honored by CRN®, a brand of The Channel Company, with inclusion in its 2024 Partner Program Guide. This annual guide provides essential information to solution providers exploring technology vendor partner programs that offer high value and align
When most people think about “taxes” it’s likely that their thoughts first turn to “direct taxes.” However, in today’s economy, “indirect taxes” are becoming increasingly important in funding state and local governments. Indirect tax is also becoming increasingly complex, especially for businesses charged with meeting their indirect tax compliance obligations