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

EMEA Tax Compliance VAT & Fiscal Reporting
December 2, 2021
How to Prepare for a VAT Audit

In our previous blog, we looked at the challenges that businesses face in submitting VAT and other declarations on an ongoing basis. However, the compliance cycle doesn’t end there as tax authorities will carry out audits for a variety of reasons to validate declarations. Why do tax authorities carry out audits? When VAT returns consisted […]

EMEA Tax Compliance VAT & Fiscal Reporting
November 30, 2021
Norway – 2022 Digital VAT Return Coming Soon

As we inch closer to the implementation date of 1 January 2022 for Norway’s new digitized VAT return, let’s take a second look at the details. Norway announced its intentions to introduce a new digital VAT return in late 2020, with an intended launch date of 1 January 2022. With this update comes the removal […]

EMEA VAT & Fiscal Reporting
November 25, 2021
France: Two New Declarations to Replace the DEB

As of 1 January 2022, the Declaration of Exchange Goods (DEB) will be replaced by two new declarations, a statistical survey and a VAT summary statement. Current requirements Currently, taxpayers must complete the DEB, which is a single declaration that merges a statistical section and a tax section. Taxpayers must fill out both sections of […]

E-Invoicing Compliance EMEA VAT & Fiscal Reporting
November 24, 2021
Your Questions Answered: Saudi Arabia E-Invoicing Mandate

In our recent webinar, the team at Sovos discussed the upcoming Saudi Arabia e-invoicing mandate. The webinar covered the finalised rules for Phase 1 of the e-invoicing regime which is due to go live on 4 December 2021 as well as updates to phase 2. There were plenty of questions we didn’t have time to […]

EMEA VAT & Fiscal Reporting
November 22, 2021
Analysis: The Import One Stop Shop (IOSS) Four Months On

The European Commission (EC) introduced the Import One Stop Shop (IOSS) on 1 July 2021 to simplify the accounting for VAT on goods imported into the EU with an intrinsic value below EUR 150. It is not compulsory, and there are alternative methods of accounting for import VAT on such imports. As with any new […]