The digitization of tax authorities has come a long way since its beginnings in 2003. Tax administrations have realised the benefits that technology can bring to VAT reporting. Countries around the world have adopted continuous transaction controls (CTCs) and e-invoicing, with new tax administrations joining the trend every year.
There are four trends that all businesses should be aware of and have a plan to address.
Source: sovos.com
Latest Posts in "World"
- Peppol BIS Self-Billing 3.0 March 2026 Hotfix Release Published
- How Booking.com Accelerated Global E-Invoicing Compliance with Fonoa’s Scalable Solution
- Understanding the Reverse Charge Mechanism: VAT Liability, Compliance, and Key Application Scenarios
- Global E‑Invoicing & E‑Reporting Regulatory Update – March 2026
- Worldwide VAT, GST and Sales Tax Guide 2026
