“The Readiness Assessment gave us immediate visibility into our compliance gaps. In just 30 minutes, we identified three critical areas requiring attention that weren’t on our radar.”
Tax Director,
US Manufacturing Company
65% of multinational businesses face compliance penalties as tax authorities shift from periodic returns and occasional audits to real-time data access and continuous transaction controls.
Whether you’re a US company expanding into Brazil, an EMEA organization establishing operations in APAC, or a local enterprise adapting to new requirements, navigating this complex global landscape requires expert guidance.
A personalized tax compliance Readiness Assessment with KPMG LLP and Sovos experts can help you identify gaps across multiple jurisdictions.
What to Expect:
Key Benefits:
“The Readiness Assessment gave us immediate visibility into our compliance gaps. In just 30 minutes, we identified three critical areas requiring attention that weren’t on our radar.”
Tax Director,
US Manufacturing Company
Brazil leads with extraordinary data requirements—up to 1,800 fields—and operates on a pre-clearance model. Invoices must be approved before goods can leave a seller’s premises. With tax reform coming in 2026, Brazil is moving toward VAT-like systems used globally.
Mexico continues advancing its digital tax transformation with increasingly complex requirements affecting U.S. companies with cross-border operations. From CFDI requirements to e-invoicing mandates for exporters and retailers, non-compliance can result in business shutdowns, supply chain delays, and rejected transactions.
EMEA has taken a more measured approach with the VAT in the Digital Age (ViDA) initiative. Unlike Latin America, real-time reporting is emphasized over real-time clearance. Country-specific implementations vary considerably—Italy imposes penalties of €250-2,000 per non-compliant invoice, while France is shifting to partner dematerialization platforms by 2026-2027.
APAC presents diverse approaches, blending Latin American and European models with innovative variations. Malaysia implements pre-clearance processes similar to Latin America. India focuses on securing unique reference numbers from tax authorities based on invoice data. Companies operating across Asia-Pacific face a complex and evolving landscape requiring specialized knowledge.
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