Execute a Global VAT Strategy with Local Precision and Expertise

VAT IS A GLOBAL CONCERN

Localized point products lack the visibility and scalability needed to meet the challenges of modern tax

Immediate. Digital. Paperless. These have become the mantra of many global regulatory agencies looking to increase revenue streams and close tax gaps. Meeting these evolving requirements relies upon the capability to effectively manage continuous transaction controls (CTC) compliance and tax reporting.

As economies evolve and new products and services enter the market, staying ahead of tax obligations requires the collective expertise of a global solution, with the local knowledge to manage the nuances of your business.

Sovos Makes Value Added Tax (VAT) Easier

Continuous processes

Increase productivity with automated regulatory updates, data additions and custom accuracy settings.

Connected systems

Leave nothing to chance with a single source of truth for all your tax compliance obligations in one system.

Complete solution

Eliminate potential barriers to business growth with a tax compliance solution capable of meeting all your business needs.

Sovos Value Added Tax (VAT) Featured Solutions

Real-time updates

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

Automated processing

Eliminate the need to generate returns, intrastate returns or manual listings through automation.

Data accuracy, analytics & reporting

Increase productivity through automatic data additions, adjustments, corrections and validations based on custom accuracy settings.

Data extraction & upload

Upload existing data from legacy, host and ERP systems into a single interface in seconds.

The Latest in Value Added Tax

North America Sales & Use Tax VAT & Fiscal Reporting
July 19, 2022
SAPInsider | July 19-21 | Las Vegas, NV

Booth #1425 More details to come.

EMEA VAT & Fiscal Reporting
May 24, 2022
The Effect of Inflation on VAT Rates

It’s no surprise that inflation is on the forefront of everyone’s mind, with prices continuing to sky-rocket month by month. Data from the United Kingdom shows that the Consumer Prices Index (CPI) inflation jumped to a 40-year high of 9% in the past 12 months. Governments around the world are looking for ways to reduce […]

EMEA VAT & Fiscal Reporting
May 24, 2022
Common Triggers of a VAT Audit

Since many audits seem to occur at random, it’s not always possible to identify the reason why a tax office would decide to initiate one. We’ve previously spoken about an increased interest in audits from the EU and audits for e-commerce. This article covers the most common reasons behind a VAT audit to help businesses […]

EMEA VAT & Fiscal Reporting
May 17, 2022
VAT for Virtual Events – Exemption, Hybrid Events and Reduced Rates

In a recent blog, we considered the upcoming changes to the VAT treatment of virtual events. Today, we will consider some of the issues that may arise. Exemption from VAT Many hosts currently use the available educational or fundraising exemptions, especially where the delegates are private individuals without the right of deduction, e.g., doctors. For […]

EMEA VAT & Fiscal Reporting
May 12, 2022
Trends in VAT Audits – Increased Interest From the EU

A recent report released by the European Commission has stressed the need for Member States to increase the number of audits they undertake, particularly in e-commerce businesses. The European Commission specifically highlighted the need for Malta, Austria and France to make additional efforts to improve their value-added tax audit practices. They highlighted the seriousness of […]