- Sovos introduces Indirect Tax Suite as part of Sovos Compliance Cloud
- Suite helps manage indirect tax obligations with governments, buyers, suppliers, and consumers
- Challenges faced by companies in meeting indirect tax obligations include variations in tax rates and rules, reporting cadences, and storage requirements
- Suite maximizes technology investments, provides compliance without replacing existing systems
- Embedded integrations and Connector Marketplace allow businesses to embed indirect tax compliance into existing workflows
- Global Tax Determination engine provides automated tax rates and rule updates for SUT, VAT, and GST in 195 countries
- Transaction compliance added to accounts receivable and accounts payable processes with B2B e-invoicing and B2C e-receipt capabilities
- Sales Tax Filing and VAT Filing provide global reporting coverage with customizable reporting options
- Detailed transaction insights provided via dashboards, trend analysis, and reports for improved insights.
Source: sdcexec.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
