Global tax software provider Sovos today announced that it has entered into an agreement to acquire Digital Planet, which provides cloud-based compliance solutions for continuous transaction monitoring (CTC), including e-invoicing, electronic receipts, electronic packing slips and electronic ledgers. Upon completion of this acquisition, Sovos will expand its Istanbul-based product development center to support a growing base of distribution partners, small and medium-sized enterprises (SMEs) and large enterprise customers in Turkey and throughout the region. (BOSTON) April 21, 2021 – Last year, the Simplified Sales Tax (OSH) agreement was amended to extend eligibility for relief for thousands of direct shippers of alcoholic beverages to consumers to 24 simplified member states. In response, global tax software provider Sovos announced today that it has updated its Sovos ShipCompliant platform, which allows eligible direct-to-consumer (DtC) shippers to take advantage of the full range of benefits offered to remote sellers under the latest SST agreement, including enhanced audit protection and compensation for the cost of calculation and remittance services. As part of this relationship, Sovos actively participates in meetings of the Streamlined Sales Tax Board of Directors (where amendments to the agreement and other important decisions are discussed and voted on), the State and Local Advisory Council (SLAC) and the Business Advisory Council (BAC), both of which advise the Board of Directors on various matters. Participation in these meetings with the Member States of the Board of Directors allows Sovos to have a first-hand view of many VAT changes before they come into force. Digital Planet`s cloud solutions address electronic transformation mandates as well as customer communications management for banks, telecommunications and insurance companies that rely on Digital Planet solutions to provide phone bills, bank receipts, credit card statements, insurance policies and other personalized documents. When Digital Planet joins Sovos, the combined company will provide secure, stable and scalable technology products, services and support to meet the complete needs of customers. A seller compensated by a CSP is defined in the contractual agreement between the CSPs and the Board of Directors of the simplified sales tax. Understanding what the term means is crucial to understanding whether a business is eligible for certain benefits associated with using a CSP. 7 and with immediate effect if it is sent in person or five working days after shipment by registered mail, or after confirmation of signature registration, if it is sent through a nationally recognized night courier service with notice of signature requested from one of the parties at the address indicated on the first page of this Agreement or to any other address that a party may indicate in writing from time to time.

A copy of all notices relating to the legal nature of Sovo should be sent to Sovos Compliance, LLC Attention: Legal Department at 200 Ballardvale Street, Building 1, 4 th Floor, Wilmington, MA General 13.1 This Agreement is governed by the laws of the Commonwealth of Massachusetts without its conflict of laws rules. The parties agree that this Agreement is not a contract for the sale of Goods; Therefore, the Agreement is not subject to a codification of Articles 2 or 2A of the Unified Commercial Code, nor to a codification of the Uniform Computer Information Technology Act (UCITA) or to a reference to the United Nations Convention on Contracts for the International Sale of Goods Sovos may refer the Agreement to an affiliate, a successor in title in connection with a merger, transfer. Acquisition or consolidation or to the buyer in connection with the sale of all or substantially all of its assets. You may not assign the Agreement or any rights or obligations under the Agreement without the prior written consent of Sovos Either party to this Agreement will be released from performance of this Agreement for a period during which the Party is prevented from performing its obligations under this Agreement due to force majeure. Errors of war, supply or communication or other causes beyond the reasonable control of the Party. Both parties will use reasonable efforts to mitigate the effects of force majeure This Agreement contains the entire agreement of the parties with respect to its subject matter and supersedes and supersedes all prior agreements on the same subject matter and governs all disclosures and exchanges of confidential information previously made by the parties. In the event of any conflict between the terms of a purchase order and the terms of this Agreement, the terms of this Agreement shall prevail over the terms of such Purchase Order, unless the Purchase Order expressly indicates the intention to replace a particular part of the Contract No Order or any other order or commercial processing document purporting to modify or supplement the text of this Agreement; may comply with the terms of this Agreement; This Order Document will be considered a simple administrative document on your behalf and will not modify this Agreement. Any proposed modification or addition (whether submitted or not by either party) will be contested and will be considered material unless agreed in writing.

Your employees, contractors and customers are not intended to be third party beneficiaries of this Agreement. If any provision of this Agreement is held to be unenforceable, this Agreement shall be construed without such provision. A party`s failure to exercise any right under this Agreement shall not be deemed a waiver of that party`s right to exercise that right or any other right in the future. The parties agree that this Agreement may be signed electronically by means of a checkbox, an “I agree” button or other means that clearly indicate acceptance of the Terms. Sovos is designed to solve the complexities of tax digital transformation, with comprehensive and connected offerings for tax discovery, continuous transaction monitoring, tax reporting, and more. Sovos` customers include half of the Fortune 500 companies of all sizes operating in more than 70 countries. The company`s SaaS products and proprietary Sovos S1 platform integrate with a variety of government business applications and compliance processes. Sovos has employees in all Americas and Europe and is owned by Hg and TA Associates. For more information, visit www.sovos.com and follow us on LinkedIn and Twitter. For more information about Sovo`s ShipCompliant, see sovos.com/shipcompliant. Prior to the recent agreement, DtC alcohol manufacturers were not eligible under state laws that required them to register, collect, and pay sales tax as a condition of their shipping license.

For DtC sellers using ShipCompliant AutoFile and an integrated front-end partner, eligibility for SST relief is now determined by annual sales volume requirements and the absence of a physical link in each SST state. 6 Parties with respect to the subject matter of this Agreement. All confidential information (as defined below) disclosed herein will remain the exclusive and confidential property of the disclosing party. The receiving party will not disclose the disclosing party`s confidential information and will use at least the same level of care, discretion and diligence that it uses with respect to its own confidential information to protect the disclosing party`s confidential information, but in no case less than due diligence. The receiving party shall restrict access to confidential information to its affiliates, employees and authorized representatives who need to know and require them to keep such information confidential. You may disclose confidential Information to their subcontractors and/or consultants for your sole benefit, provided that any breach of the terms of the Agreement by such contractors and/or consultants is considered a breach by you and that you remain fully responsible for such breach. Sovos may disclose your Confidential Information on a need-to-know basis to its subcontractors who supply all or part of the Products, provided that such subcontractors have confidentiality agreements in place and that Sovos remains responsible for any unauthorized disclosure of your Confidential Information by such subcontractors….