SOVOS VAT TRENDS

The 13th Edition of Trends Provides Insights on Current and Near-Term Legal Requirements for Companies Searching for Solutions to Mandatory e-Invoicing compliance laws.

The report is a comprehensive look at the world’s regulatory landscape, highlighting how governments across the world are enacting complex new policies and controls to close tax gaps and collect the revenue they are owed. These policies and protocols affect all companies conducting business on a global scale no matter where they are headquartered.

This year’s Sovos report examines how large-scale investments in digitization technology in recent years have enabled tax authorities in much of the world to move away from legacy reporting and ad hoc audits to real-time data analysis and always-on enforcement. Empowered by new technology and capabilities, government authorities have inserted themselves into every aspect of business operations and are ever-present in company data.