Rein in VAT & Fiscal Reporting Requirements​

Stay in compliance as governments close tax gaps and impose new regulations.

Global VAT Software Solution

Solving the most complex VAT requirements

Tax authorities worldwide want to gain more visibility into value-added tax (VAT) activities, increase collections and close revenue gaps. It’s not hard to see why; E.U. countries alone reported a VAT gap of almost €150 billion in uncollected revenues in 2016. As a result, governments are curbing this trend by increasing technology investments and demanding digital transactions and paperless processes.

Centralize, standardize & automate with Sovos VAT & fiscal reporting software

Centralize

Simplify the burden of VAT by managing all of your requirements (and changes to those requirements) for every jurisdiction in one easy-to-use interface.

Standardize

Rest easy, knowing your business partners around the globe are using a consistent, standardized reporting process.

Automate

Turn painstaking, manual tasks like compliance research and data validation into quick clicks of a button.
MANAGED SERVICES

Technology Enabled VAT Managed Services

A blend of human expertise and software to ease your VAT compliance workload and reduce risk wherever you operate today while ensuring you’re ready to handle VAT requirements in the markets you intend to dominate tomorrow.

Feature List

Real-time updates

Get up-to-the-minute updates for every jurisdiction in which you have VAT obligations, all in a single, simple, centralized location.

Automated processing

Save time without generating returns, intrastate returns or manual listings again.

Data accuracy, analytics & reporting

Boost productivity with automatic data additions, adjustments, corrections and validation based on custom accuracy settings.

Data extraction & upload

Solve data management in seconds with the ability to extract and upload existing data from legacy, host and ERP systems into a single interface.

Customers

Related content

EMEA VAT & Fiscal Reporting
December 2, 2020
Brexit and Fiscal Representation

Recently, we outlined the need for speed in understanding fiscal representation obligations. As the UK looks set to become a third country from 1 January 2021, there will be many ramifications for businesses operating cross-border – among them the requirement to appoint a fiscal representative to register for VAT purposes. As outlined in our previous […]

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. […]

EMEA Spain VAT & Fiscal Reporting
November 26, 2020
Spain Extends SII Scope From 2021

The tax authority in Spain, Agencia Estatal de Administración Tributaria (AEAT), aiming to enhance the Immediate Supply of Information (SII) version 1.1, has introduced new validations and fields to the schema expected to be enforced from 1 January 2021. The new fields will record the sales of goods in consignment (Venta de bienes en consigna) […]

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 […]

“Without good software, it would be impossible to adjust to the quickly changing VAT reporting obligations. We would not be able to meet these new regulations on time without Sovos.”

Anna Buchnowska

EMEA VAT manager, Ashland