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Sovos Releases Annual VAT Trend Report

MONEY VAT 1Sovos has issued its annual report on global value-added tax (VAT) mandates and compliance this week. The publication “Trends in Continuous Global VAT Compliance,” provides a guide to global VAT enforcement regulations and delivers strategic recommendations for businesses.

 

The report, in its eleventh edition, is comprised by contributions from a team of global tax compliance experts. It is the first of these reports to expand its scope  beyond e-invoicing compliance to continuous transaction controls, including e-archiving, and VAT determination and reporting. 

The Sovos report offers specific recommendations for businesses upgrading or migrating ERP systems while trying to keep abreast of trends in global VAT compliance at the same time. It also provides a comprehensive guide to CTC compliance mandates in countries all over the world.

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