Welcome to the 12th edition of Sovos’ annual trends report, “VAT Trends: Toward Continuous Transaction Controls” where we put a spotlight on current and near-term legal requirements across regions and VAT compliance domains.
This report provides a comprehensive look at the regulatory landscape as governments across the globe are enacting complex new policies to enforce VAT mandates and are demanding unprecedented insight into economic data to close revenue gaps.
The focus of this year’s report is on four emerging megatrends with potential to drive change in the way organizations approach regulatory reporting and manage compliance. Authored by a team of international tax compliance experts, we provide extensive recommendations on how companies can prepare for and thrive through these changes.
The four mega-trends that we examine are:
- Continuous Transaction Controls (CTCs)
- A shift toward destination taxability for certain cross-border transactions
- Aggregator liability
- E-accounting and e-assessment
Get your copy HERE
See also Global Recent developments – E-Invoicing, Real Time Reporting, SAF-T
