As more tax authorities digitize their tax control systems and demand real-time invoice data from businesses, staying VAT compliant becomes increasingly complex, especially as more countries across the world introduce Continuous Transaction Controls (CTCs).
With Romania and Poland reshaping the VAT landscape it is only a matter of time before the rest of Eastern Europe follow suit. Specific standards for each jurisdiction and VAT compliance becomes a significant challenge for global and multinational companies today.
The longer-term impact of CTCs is particularly important for organisations undergoing large-scale enterprise resource planning system upgrades such as SAP S/4HANA.
As part of our series of quarterly webinars designed to keep you ahead of regulatory change impacting your business, Sovos’ VAT compliance experts will cover:
- How and why governments across the world are digitizing their tax systems towards CTCs
- What is happening in the Eastern European tax control landscape
- A deep dive into the digitization reforms that are coming up in Poland and Romania
- What country could digitize VAT next