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Sovos’ 12th edition of VAT Trends: Toward Continuous Transaction Controls shines a spotlight on current and near-term legal across regions and VAT compliance domains.

As governments across the globe are enacting complex new policies to enforce VAT mandates and demanding unprecedented insight into economic data to close revenue gaps, our comprehensive SOVOS report provides clarity on VAT regulations.

This year’s report focuses on the four emerging megatrends that have emerged in the world of VAT compliance. Authored by a team of international tax compliance experts, our report provides analysis of these trends which are positioned to impact businesses, including:

» Why and how countries are embracing Continuous Transaction Controls (CTCs)

» A shift towards destination taxability for some cross-border transactions

» Easing aggregator liability on government online services

» E-accounting and e-assessment

As countries across the world continue to follow Latin America in their journey to CTCs, understanding how to meet your global VAT obligations is crucial, yet more complex than ever. In our report, we provide in-depth profiles of current and near-term planned legal requirements across over 90 different VAT compliance domains.

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