Global tax software provider Sovos today announced its strategic alliance with audit, tax and advisory firm KPMG LLP to empower enterprises to meet evolving value-added tax (VAT) compliance obligations across multiple countries. With Sovos’ award-winning software and KPMG’s tax experience, organizations can simplify operations into a single platform, reduce the IT cost of compliance and decrease the risk of penalties associated with incorrect or delayed reporting.
VAT is a vital revenue resource to governments around the world. As a result, tax authorities are looking for new ways to ensure they are capturing anticipated revenue, including adopting new and more expansive real-time compliance requirements and introducing new data demands, processes, and requirements.
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