Comply Across Europe and Latin America with Confidence

Manage complex, country-specific filing deadlines and data requirements with absolute accuracy.

Closing Tax Gaps

Digitizing Global VAT Reporting

Latin America’s innovative tax collection enforcement initiatives have influenced tax authorities across Europe, Asia and the Middle East, proving governments are determined to close tax gaps by digitizing enforcement and requiring businesses to respond accurately and immediately.

VAT digital reporting offers governments increased visibility into a company’s tax liabilities to enable tax audits on an ongoing basis.

In 2005, VAT digital reporting gained momentum when the 38 member states of the Organisation for Economic Co-operation and Development (OECD) agreed upon the Standard Audit File for Tax (SAF-T) as the standard process for submitting tax reporting information to authorities. Adoption of VAT digital reporting is spreading rapidly across Latin America, with 15 countries expected to implement even more stringent requirements than those already in place by 2020. Using the data from these VAT digital reporting measures, countries are shifting toward automated, real-time audits, making accurate and efficient reporting compliance more important than ever.

Sovos VAT Reporting enables your finance team to efficiently and accurately fulfill your business’s fiscal reporting requirements across Latin America and the European Union. We streamline compliance with Brazil’s SPED, Mexico’s eContabilidad and SAF-T by centralizing data directly within your existing ERP system. And our nimble software provides coverage in over 60 countries, so compliance is never a disruption.

Feature list

Centralize compliance

  • Easily remain compliant with SAF-T protocols in Europe and fiscal reporting requirements across Latin America
  • Keep all data within your existing ERP to maintain corporate visibility and ensure a single source of truth
  • Handle data mapping and extractions on an individual country basis to account for differences in requirements

Minimize errors

  • Eliminate errors and data manipulation with automated verifications and alerts
  • Proactively clean and validate data connected to VAT credits and ongoing audits
  • Free up internal resources by automating filing processes and reporting

Adapt easily

  • Automatically keep required fiscal information like general ledger, accounts payable, accounts receivable, inventory files and more up to date.
  • Maintain your customizations and seamlessly deliver regulatory updates on reporting details and submission processes.
  • Preserve your IT resources with easy-to-use software that requires little to no IT involvement

Keep business running smoothly

  • Solve problems anywhere, any time with 24/7 language support in English, Spanish, French and Portuguese.
  • Eliminate cash flow disruptions with quick, accurate audit response.

Clients / Partners