VATupdate

Sovos Forms Alliance with KPMG for VAT Compliance

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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