Stay in compliance as governments close tax gaps and impose new regulations.
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.
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.
Get up-to-the-minute updates for every jurisdiction in which you have VAT obligations, all in a single, simple, centralized location.
Save time without generating returns, intrastate returns or manual listings again.
Boost productivity with automatic data additions, adjustments, corrections and validation based on custom accuracy settings.
Solve data management in seconds with the ability to extract and upload existing data from legacy, host and ERP systems into a single interface.
“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