Global Tax Software Leader Sovos Releases IPT Guide For Insurers

September 9, 2021

Appointment of Senior IPT Consulting Manager also builds on Sovos’ IPT global expertise

The IPT Guide for Insurers from Sovos covers:

  • The evolving digital landscape in tax
  • Rules and regulation changes
  • Compliance challenges and complexities of IPT
  • Easing the stress of IPT filings
  • Indirect tax rules across the globe — including European countries in depth

London, UK, 8th September 2021 — Global tax software leader and expert Sovos today releases its Insurance Premium Tax (IPT) guide for insurers.

The guide provides trusted guidance to both those new to IPT and seasoned tax professionals concerned about cross-border compliance. This insight is of particular interest to those wanting to learn more about the changing IPT regulatory landscape across the world, particularly within Europe and EU Member States.

A mix of in-depth country-by-country information, guidance on IPT and the digital tax landscape, this guide from Sovos’ regulatory experts is essential for insurers wanting to know more about IPT compliance.

IPT Compliance: A Guide for Insurers also provides a comprehensive look into the digitization of tax, countries leading and adopting this process, and what it means for the relationship between tax authorities and insurers.

Governments are also enacting complex new policies to enforce IPT mandates, obtain an unprecedented amount of tax and transaction data directly, and in real-time. The guide covers important regulation changes within this context, and the costs and consequences of non-compliance and solutions available.

Lastly, the guide also talks about the changing landscape for European captives; the challenges the COVID-19 pandemic has brought for captives, as well as future challenges.

Sovos is the world leader in tax software and the company’s IPT guide is written by a team of experienced IPT and regulatory specialists. Coinciding with the guide’s launch Sovos has recently appointed Russell Brown as senior IPT consulting manager. With a wealth of experience in IPT, Russell has previously worked at TMF Group, EY and Tokio Marine.

Commenting on the guide, Russell said: “Sovos leads the way in tax software and this latest guide demonstrates the team’s vast experience and extensive knowledge on even the most complicated of international regulations.”

“Our team of global regulatory experts exist to help insurers and businesses respond to the complexities associated with the digitisation of tax,” said Andrew Hocking, vice president consulting and compliance services at Sovos. “Our mission is to provide the insight organisations need to address their tax challenges and ensure compliance with tax laws, no matter where they operate.”

Visit this link to download a copy of the guide.

— ENDS —

About Sovos

Sovos was built to solve the complexities of the digital transformation of tax, with complete, connected offerings for tax determination, continuous transaction controls, tax reporting and more.

Sovos customers include half the Fortune 500, as well as businesses of every size operating in more than 70 countries.

The company’s SaaS products and proprietary Sovos S1 Platform integrate with a wide variety of business applications and government compliance processes.

Sovos has employees throughout the Americas and Europe, and is owned by Hg and TA Associates. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.

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