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Sovos Annual Trends Report

VAT Trends: Toward Continuous Transaction Controls

Did you know that in the next three years, at least 25 countries are going to introduce some form of CTC mandate?

As tax authorities across the world introduce new, stricter VAT mandates in order to close the VAT Gap, businesses must learn to comply with more complex reporting regimes. We recognize that tax compliance is a crucial component that businesses look for when choosing an enterprise software vendor so we have partnered with tax technology firm Sovos to ensure that VAT compliance is managed alongside your transactions and does not become a burden.

SEEBURGER is pleased to bring you Sovos’ recently launched 12th edition of their annual trends report, “VAT Trends: Toward Continuous Transaction Controls”. This comprehensive report is an essential read for anyone managing VAT.

The focus of this year’s report is on four emerging megatrends with potential to drive change in the way organizations approach regulatory reporting and manage compliance:

1. Continuous Transaction Controls (CTCs) 
2. A shift toward destination taxability for certain cross-border transactions
3. Aggregator liability 
4. E-accounting and e-assessment

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