KPMG and Sovos
Continuous transaction controls e-invoicing and real-time reporting: A solution from KPMG and Sovos
Today, governments around the world rely more heavily on value-added taxes (VAT) than ever before. Most are looking for new ways to ensure they are capturing all that is due as an increasingly vital revenue source. Yet, the VAT gap—the difference between expected revenue and the amount actually collected—persists due to fraud, evasion, and miscalculations.
As a result, tax administrations around the world are adopting new and more expansive compliance requirements introducing new data demands, processes, and requirements to close the VAT gap and make government tax collection smarter and more efficient.
KPMG LLP and Sovos can help you design and deploy solutions to address continuous transaction controls (CTC) e-invoicing and real-time reporting mandates. Taking advantage of KPMG’s experienced tax professionals and Sovos’ software, you can implement a single-platform solution that meets evolving VAT compliance requirements across multiple countries and delivers the efficiencies of a modern, cloud-based tax solution.