The Only Global Solution for E-Invoicing Compliance

Value-added tax (VAT) is the most significant indirect tax for nearly every country on earth, but massive amounts go uncollected every year. In Europe, the annual VAT gap is similar to the GDP of Norway.

manage complex regulations

Ensuring e-invoicing compliance in more than 60 countries

To help communities thrive, governments around the world are embracing e-invoicing controls designed to close the VAT gap, but every country writes its regulations differently. Because there are no global rules for enforcement, compliance is notoriously complex — especially for multinational companies.

The other digital transformation

There is a right way and a wrong way to get real-time tax compliance done.

The move toward continuous and real-time tax compliance pushes businesses toward a digital transformation you might not have anticipated but to which you must quickly adapt.

Fragmented enterprise systems, technologies and processes make it hard to prosper in a world of modern tax.

Keep your business running smoothly, all over the world, with the only scalable, end-to-end solution capable of ensuring compliance in more than 60 countries.

Local knowledge, global reach

Covering 60+ countries

Stay ahead of the requirements and laws coming next in each country with clearance and post-audit expertise, and global coverage.

Nimble response for a dynamic landscape

With a hybrid cloud model and customization to seamlessly deliver regulatory updates, you'll have minimal need for IT involvement.

Embedded in the business process platforms you use today

More than 60 business process platform vendors offer Sovos e-invoicing compliance solutions.

Benefits of the Sovos S1 Platform

Lower costs

Reduce the IT costs of compliance support by up to 84 percent, and lower your transactional unit costs.

Simplified operations

With a single platform for managing accounts receivable, accounts payable, e-archiving and VAT reporting, boost employee productivity by 25 percent.

Decreased risk of penalties & reputational damage

Automate processes and verifications for clearance and post-audit countries, and link to all related documents, from purchase order to invoice to tax reporting.

Customers

Related content

E-Invoicing Compliance EMEA Italy VAT & Fiscal Reporting
December 2, 2020
Italian Tax Controls: Five Key Facts to Know Before the New Year

While Italy rolled out its continuous transaction controls (CTC) reform in 2019, 2020 has been a year of expansion. Italian authorities plan to leverage all potential benefits of the successful implementation of the country’s central e-invoicing platform. Many of the updates will either be launched or enforced in the upcoming year, or later in 2022. […]

E-Invoicing Compliance EMEA VAT & Fiscal Reporting
November 26, 2020
Hungary Expands Real-Time VAT Controls

The scope of Hungary’s real-time reporting has been extended. From 1 January 2021, reporting obligations will also include invoices issued for domestic B2C transactions in addition to invoices relating to intra-community supplies and exports. However, the Ministry of Finance has granted a sanction-free three month grace period from 1 January to 31 March 2021 allowing […]

E-Invoicing Compliance EMEA VAT & Fiscal Reporting
November 25, 2020
Audio Blog: Brexit and VAT

Brexit: What are the Implications for VAT Brexit is set to become reality at the end of December. So, what does it mean for organizations doing business in the UK and the European Union? Turns out, there are several tax implications that will need to be accounted for. In this episode of the Sovos Expert […]

E-Invoicing Compliance EMEA Tax Compliance Turkey VAT & Fiscal Reporting
November 25, 2020
Turkey’s Digital Tax Transformation: What is E-Arşiv Invoice?

Companies have begun to transfer financial processes to the digital environment as a result of technological developments in recent years. Business efficiency has increased through the financial processes regulated via e-transformation applications. The e-transformation system in Turkey covers applications such as e-invoice, e-ledger, e-arşiv, e-ticket, e-reconciliation, and e-delivery note. Mandate scope of e-arşiv invoice According […]

E-Invoicing Compliance EMEA Tax Compliance VAT & Fiscal Reporting
November 19, 2020
The Age of Automation: How Tech Can Support Finance Teams

The shift towards digitisation has necessitated a radical adaption and shift in existing tech for industries across the board. As this occurs, tensions and anxieties rise around automation and job losses. With Oxford Economics predicting that 12.5 million manufacturing jobs will be automated in China by 2030, a partially automated workforce is indeed on the […]

E-Invoicing Compliance EMEA
November 13, 2020
France: How the EU’s 2nd Largest Economy Plans to go CTC

France shows a solid understanding of this complex subject, but some questions remain. Introduction Spurred on by international reforms for continuous controls of VAT transactions (“Continuous Transaction Controls” or “CTCs”), the French government aims to increase efficiency, cut costs and fight fraud through the roll-out of mandatory B2B e-invoice clearance, which coupled with an e-reporting […]

E-Invoicing Compliance EMEA Italy VAT & Fiscal Reporting
November 12, 2020
Italy: New E-Archiving Requirements in 2021

Italy has been at the forefront when it comes to the introduction of continuous transaction controls (CTC) in the EU, and it still leads the way as other European countries look to Italy for inspiration on their local CTC implementations. But even before the introduction of its clearance e-invoicing system in 2018, the country had […]

E-Invoicing Compliance EMEA India
November 11, 2020
India Expands Taxpayer Scope for CTC Invoicing

As expected, and previously announced by the Secretary of Finance in India, the Central Board of Indirect Taxes and Customs (CBIC) has now formally issued a Notification stating that e-invoicing will become mandatory for taxpayers with a turnover of 100 Cr. rupees or more from 1 January 2021. Mandate scope expanded On 30 July 2020, […]

E-Invoicing Compliance EMEA Turkey
November 2, 2020
Virtual Recipient Application Makes Sending an E-Delivery Note to all Recipients Possible

The new e-transformation regulations set by the Turkish Revenue Administration (TRA) have been implemented one after the other. The regulation regarding e-delivery notes, which must be issued before shipping any goods takes place, also came into force on 1 July 2020. Based on the new regulation, certain businesses have started using the e-delivery note application […]

E-Invoicing Compliance EMEA India
October 28, 2020
India: E-Invoicing Platform to Replace E-Waybill System

Even though India’s continuous transaction controls (CTC) reform went live less than a month ago, the surrounding legal and technical framework for the e-invoicing platform still has many moving pieces. However, little by little, these puzzle pieces have started to come together. Earlier this year, the Indian authorities announced their intention to facilitate the e-invoicing […]

“Our biggest challenge was that Philips had a global IT architecture and strategy based on our ERP platform… the international team not only approved the adoption of the [Sovos] system; the solution became part of the overall architecture strategy.”

Alexander Quinze

CIO & Head of Operational Excellence at Royal Philips