Sovos GTD

Sovos Global Tax Determination (GTD) automatically calculates tax for sales, use, goods and services, and value-adds in any location in the United States, including its territories, the United Kingdom, Canada, Mexico, and over 200 countries around the world.

Based on geo code, Sovos GTD identifies the appropriate location or jurisdiction for which any state,province, county, city, or district taxes are to be charged. It also determines the type of tax being charged. Sovos GTD can apply special rates based on product types or urban enterprise zones (UEZ),where appropriate, and manage your customer’s tax exemption certificates.

Sovos GTD also calculates taxes on vendor invoices in jurisdictions where you, as the distributor, are liable for taxes. An audit file records transactions as they are processed, providing a clear audit trail for future use, as well as a source of historical reports.

Sovos GTD can be deployed as a Premise Edition or Hosted Edition. Depending on the deployment type, some installation, configuration, features, and functions in CloudSuite Distribution may differ.